Commscope Holding Company Inc (NASDAQ:COMM) Director Stephen C. Gray sold 28,575 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.96, for a total transaction of $1,113,282.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Commscope Holding Company Inc (NASDAQ:COMM) traded down $0.25 during mid-day trading on Thursday, reaching $38.25. 1,560,000 shares of the company’s stock traded hands, compared to its average volume of 2,040,000. Commscope Holding Company Inc has a fifty-two week low of $30.95 and a fifty-two week high of $42.75. The company has a quick ratio of 2.07, a current ratio of 2.69 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $7,300.00, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.05 and a beta of 1.13.
Commscope (NASDAQ:COMM) last released its quarterly earnings data on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Commscope had a net margin of 4.25% and a return on equity of 26.02%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.61 earnings per share. Commscope’s quarterly revenue was down 5.0% compared to the same quarter last year. research analysts anticipate that Commscope Holding Company Inc will post 2.48 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in COMM. Dimensional Fund Advisors LP lifted its position in Commscope by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,560 shares of the communications equipment provider’s stock valued at $39,154,000 after purchasing an additional 52,081 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Commscope by 29.6% during the second quarter. The Manufacturers Life Insurance Company now owns 7,705 shares of the communications equipment provider’s stock valued at $294,000 after purchasing an additional 1,760 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Commscope by 47.2% during the second quarter. Public Employees Retirement System of Ohio now owns 70,967 shares of the communications equipment provider’s stock valued at $2,699,000 after purchasing an additional 22,740 shares during the last quarter. Achmea Investment Management B.V. bought a new position in Commscope during the second quarter valued at $284,000. Finally, APG Asset Management N.V. bought a new position in Commscope during the third quarter valued at $1,943,000.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Commscope from a “buy” rating to a “hold” rating in a research report on Wednesday. Northland Securities restated a “hold” rating and set a $33.00 target price on shares of Commscope in a research report on Friday, February 16th. Barclays upgraded shares of Commscope from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $42.00 to $43.00 in a research report on Wednesday, February 14th. BidaskClub upgraded shares of Commscope from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Longbow Research upgraded shares of Commscope from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.56.
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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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