Insider Selling: CommScope Holding Co. (COMM) COO Sells 25,000 Shares of Stock
CommScope Holding Co. (NASDAQ:COMM) COO Randall W. Crenshaw sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $31.01, for a total value of $775,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Randall W. Crenshaw also recently made the following trade(s):
- On Monday, September 19th, Randall W. Crenshaw sold 50,000 shares of CommScope Holding stock. The shares were sold at an average price of $31.18, for a total value of $1,559,000.00.
CommScope Holding Co. (NASDAQ:COMM) opened at 31.62 on Friday. The stock’s market capitalization is $6.09 billion. CommScope Holding Co. has a 12 month low of $19.37 and a 12 month high of $33.54. The stock has a 50 day moving average price of $30.07 and a 200 day moving average price of $29.81.
CommScope Holding (NASDAQ:COMM) last issued 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 firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 50.7% compared to the same quarter last year. On average, equities research analysts forecast that CommScope Holding Co. will post $2.50 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on COMM. Zacks Investment Research upgraded CommScope Holding from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, August 2nd. TheStreet raised CommScope Holding from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Deutsche Bank AG decreased their price target on CommScope Holding from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CommScope Holding in a research report on Friday, July 29th. Finally, Credit Agricole SA began coverage on CommScope Holding in a research report on Wednesday, June 15th. They set a “buy” rating and a $40.00 price target for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. CommScope Holding currently has a consensus rating of “Buy” and an average target price of $34.07.
Several hedge funds have recently modified their holdings of COMM. Societe Generale bought a new stake in shares of CommScope Holding during the second quarter worth approximately $100,000. Acrospire Investment Management LLC boosted its position in CommScope Holding by 153.8% in the second quarter. Acrospire Investment Management LLC now owns 3,300 shares of the company’s stock valued at $102,000 after buying an additional 2,000 shares during the period. Panagora Asset Management Inc. acquired a new position in CommScope Holding during the second quarter valued at about $126,000. US Bancorp DE boosted its position in CommScope Holding by 90.1% in the second quarter. US Bancorp DE now owns 4,558 shares of the company’s stock valued at $141,000 after buying an additional 2,160 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in CommScope Holding during the second quarter valued at about $208,000.
CommScope Holding Company Profile
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.
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