CommScope Holding Co. (NASDAQ:COMM) Director Frank M. Drendel sold 15,000 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $31.02, for a total transaction of $465,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frank M. Drendel also recently made the following trade(s):

  • On Monday, September 19th, Frank M. Drendel sold 30,000 shares of CommScope Holding stock. The shares were sold at an average price of $31.22, for a total transaction of $936,600.00.

CommScope Holding Co. (NASDAQ:COMM) opened at 31.62 on Friday. CommScope Holding Co. has a 52 week low of $19.37 and a 52 week high of $33.54. The firm has a 50-day moving average of $30.07 and a 200-day moving average of $29.81. The company’s market cap is $6.09 billion.

CommScope Holding (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. CommScope Holding had a positive return on equity of 31.76% and a negative net margin of 1.78%. The company earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. CommScope Holding’s revenue was up 50.7% on a year-over-year basis. Equities analysts forecast that CommScope Holding Co. will post $2.50 earnings per share for the current year.

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

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in CommScope Holding by 220.0% in the first quarter. BlackRock Inc. now owns 14,404 shares of the company’s stock worth $402,000 after buying an additional 9,903 shares during the period. BlackRock Group LTD boosted its position in shares of CommScope Holding by 29.6% in the first quarter. BlackRock Group LTD now owns 100,780 shares of the company’s stock worth $2,814,000 after buying an additional 23,036 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of CommScope Holding by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,983,877 shares of the company’s stock worth $83,310,000 after buying an additional 43,619 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of CommScope Holding by 14.7% in the first quarter. JPMorgan Chase & Co. now owns 4,830,370 shares of the company’s stock worth $134,863,000 after buying an additional 620,738 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in shares of CommScope Holding by 43.1% in the first quarter. TimesSquare Capital Management LLC now owns 1,168,800 shares of the company’s stock worth $32,633,000 after buying an additional 352,000 shares during the last quarter.

Several equities research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of CommScope Holding in a research report on Friday, June 17th. They issued a “buy” rating and a $41.00 price objective for the company. Credit Agricole SA assumed coverage on shares of CommScope Holding in a research report on Wednesday, June 15th. They issued a “buy” rating and a $40.00 price objective for the company. Deutsche Bank AG restated a “buy” rating on shares of CommScope Holding in a research report on Wednesday, June 15th. Morgan Stanley began coverage on shares of CommScope Holding in a research report on Tuesday, September 20th. They issued an “equal weight” rating and a $35.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of CommScope Holding from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $34.07.

About CommScope Holding

CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company operates through four segments: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). Its Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.

5 Day Chart for NASDAQ:COMM

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