Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $38.66, for a total transaction of $1,933,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Marvin S. Edwards, Jr. also recently made the following trade(s):
- On Monday, December 4th, Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock. The stock was sold at an average price of $36.45, for a total transaction of $1,822,500.00.
Shares of Commscope Holding Company Inc (NASDAQ COMM) traded up $0.63 during trading hours on Thursday, reaching $38.84. 2,242,258 shares of the company’s stock were exchanged, compared to its average volume of 1,484,169. Commscope Holding Company Inc has a 12-month low of $30.95 and a 12-month high of $42.75. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. The company has a market cap of $7,340.00, a price-to-earnings ratio of 39.23, a P/E/G ratio of 2.49 and a beta of 1.20.
Commscope (NASDAQ:COMM) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s revenue was down 12.8% on a year-over-year basis. analysts expect that Commscope Holding Company Inc will post 2.01 EPS for the current year.
A number of large investors have recently modified their holdings of the business. Leith Wheeler Investment Counsel Ltd. grew its holdings in Commscope by 5.4% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 63,070 shares of the communications equipment provider’s stock worth $2,386,000 after acquiring an additional 3,230 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Commscope during the 3rd quarter worth about $369,000. California Public Employees Retirement System grew its holdings in Commscope by 3.6% during the 3rd quarter. California Public Employees Retirement System now owns 413,216 shares of the communications equipment provider’s stock worth $13,723,000 after acquiring an additional 14,416 shares during the last quarter. Makaira Partners LLC grew its holdings in Commscope by 14.1% during the 3rd quarter. Makaira Partners LLC now owns 2,307,447 shares of the communications equipment provider’s stock worth $76,630,000 after acquiring an additional 285,200 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Commscope by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,749,954 shares of the communications equipment provider’s stock worth $124,536,000 after acquiring an additional 370,912 shares during the last quarter.
Several research firms have recently weighed in on COMM. Citigroup upped their target price on shares of Commscope to $45.00 and gave the stock a “buy” rating in a report on Thursday. Northland Securities set a $28.00 target price on shares of Commscope and gave the stock a “hold” rating in a report on Tuesday, October 17th. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Commscope in a report on Wednesday, September 20th. ValuEngine raised shares of Commscope from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Commscope from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $40.80.
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Commscope Company Profile
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
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