Insider Selling: Commscope Holding Company Inc (NASDAQ: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 stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total value of $1,933,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $36.45, for a total value of $1,822,500.00.

Shares of Commscope Holding Company Inc (COMM) opened at $38.65 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. The firm has a market capitalization of $7,344.34, a PE ratio of 39.04, a PEG ratio of 2.51 and a beta of 1.20. Commscope Holding Company Inc has a one year low of $30.95 and a one year high of $42.75.

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

Several equities research analysts recently issued reports on COMM shares. BidaskClub downgraded Commscope from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Citigroup increased their price objective on Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Northland Securities reaffirmed a “hold” rating on shares of Commscope in a research note on Friday, November 10th. Zacks Investment Research raised Commscope from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, ValuEngine downgraded Commscope from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.80.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Krilogy Financial LLC increased its holdings in shares of Commscope by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after acquiring an additional 170 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of Commscope by 1.8% during the 2nd quarter. Scotia Capital Inc. now owns 35,408 shares of the communications equipment provider’s stock valued at $1,346,000 after acquiring an additional 609 shares during the last quarter. AXA increased its holdings in shares of Commscope by 1.6% during the 2nd quarter. AXA now owns 67,158 shares of the communications equipment provider’s stock valued at $2,554,000 after acquiring an additional 1,058 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Commscope by 8.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 20,072 shares of the communications equipment provider’s stock valued at $667,000 after acquiring an additional 1,568 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Commscope by 29.6% during 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 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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