Commscope Holding Company Inc (COMM) SVP Philip Martin Armstrong, Jr. Sells 10,000 Shares

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.

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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.

Insider Buying and Selling by Quarter for Commscope (NASDAQ:COMM)

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