Insider Selling: Commscope Holding Company Inc (COMM) Insider Sells 50,000 Shares of Stock

Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this link.

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 shares were 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) opened at $38.97 on Friday. Commscope Holding Company Inc has a 1 year low of $30.95 and a 1 year high of $42.75. The stock has a market cap of $7,420.00, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78.

Commscope (NASDAQ:COMM) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business posted $0.81 earnings per share. Commscope’s revenue for the quarter was down 12.8% on a year-over-year basis. equities research analysts anticipate that Commscope Holding Company Inc will post 2.01 EPS for the current year.

Several equities analysts recently commented on COMM shares. BidaskClub cut shares of Commscope from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Citigroup boosted their price objective on shares of Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Northland Securities reiterated a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Jefferies Group reiterated a “buy” rating and set a $40.00 target price on shares of Commscope in a research report on Wednesday, September 20th. Finally, Zacks Investment Research upgraded shares of Commscope from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.80.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Krilogy Financial LLC lifted its holdings in shares of Commscope by 5.7% in the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 170 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of Commscope by 1.8% in the 2nd quarter. Scotia Capital Inc. now owns 35,408 shares of the communications equipment provider’s stock worth $1,346,000 after acquiring an additional 609 shares during the last quarter. AXA lifted its holdings in shares of Commscope by 1.6% in the 2nd quarter. AXA now owns 67,158 shares of the communications equipment provider’s stock worth $2,554,000 after acquiring an additional 1,058 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Commscope by 8.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 20,072 shares of the communications equipment provider’s stock worth $667,000 after acquiring an additional 1,568 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of 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 worth $294,000 after acquiring an additional 1,760 shares during the last quarter.

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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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