Commscope Holding Company Inc (COMM) Insider Sells $1,933,000.00 in Stock

Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total transaction of $1,933,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $1,822,500.00.

Shares of Commscope Holding Company Inc (COMM) opened at $38.97 on Friday. The company has a market cap of $7,409.20, a price-to-earnings ratio of 39.36, a P/E/G ratio of 2.54 and a beta of 1.20. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. Commscope Holding Company Inc has a 52-week low of $30.95 and a 52-week high of $42.75.

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

A number of hedge funds have recently added to or reduced their stakes in COMM. Krilogy Financial LLC grew its position in shares of Commscope by 5.7% in the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 170 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Commscope in the second quarter valued at about $216,000. Taurus Asset Management LLC acquired a new stake in shares of Commscope in the third quarter valued at about $222,000. Nordea Investment Management AB acquired a new stake in shares of Commscope in the second quarter valued at about $235,000. Finally, Massey Quick Simon & CO. LLC acquired a new stake in shares of Commscope in the third quarter valued at about $252,000.

A number of analysts have recently weighed in on COMM shares. BidaskClub lowered shares of Commscope from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Jefferies Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Commscope in a research note on Wednesday, September 20th. Citigroup increased their price objective on shares of Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Commscope from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, October 19th. Finally, ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.80.

ILLEGAL ACTIVITY NOTICE: “Commscope Holding Company Inc (COMM) Insider Sells $1,933,000.00 in Stock” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2018/01/14/commscope-holding-company-inc-comm-insider-sells-1933000-00-in-stock.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.

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

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.

Leave a Reply