Commscope Holding Company Inc (NASDAQ:COMM) SVP Philip Martin Armstrong, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $39.02, for a total value of $390,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Commscope Holding Company Inc (COMM) traded down $0.25 during trading on Friday, reaching $38.25. The company had a trading volume of 1,561,700 shares, compared to its average volume of 1,899,555. The stock has a market cap of $7,352.42, a PE ratio of 39.03, a PEG ratio of 2.03 and a beta of 1.13. Commscope Holding Company Inc has a 1 year low of $30.95 and a 1 year high of $42.75. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 2.65.
Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Commscope had a return on equity of 26.02% and a net margin of 4.25%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. equities research analysts predict that Commscope Holding Company Inc will post 2.48 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Northland Securities reissued a “hold” rating and issued a $33.00 target price on shares of Commscope in a report on Friday, February 16th. Zacks Investment Research raised Commscope from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday. BidaskClub upgraded Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. Longbow Research upgraded Commscope from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Citigroup raised their price target on Commscope to $45.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $42.56.
A number of institutional investors and hedge funds have recently bought and sold shares of COMM. Dimensional Fund Advisors LP grew its holdings in Commscope by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,560 shares of the communications equipment provider’s stock valued at $39,154,000 after buying an additional 52,081 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Commscope by 29.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,705 shares of the communications equipment provider’s stock valued at $294,000 after buying an additional 1,760 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Commscope by 47.2% in the 2nd 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 buying an additional 22,740 shares during the period. Achmea Investment Management B.V. purchased a new stake in Commscope in the 2nd quarter valued at about $284,000. Finally, APG Asset Management N.V. purchased a new stake in Commscope in the 3rd quarter valued at about $1,943,000.
WARNING: This report was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/23/commscope-holding-company-inc-comm-svp-philip-martin-armstrong-jr-sells-10000-shares.html.
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.
Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.