CommScope Holding Co. (NASDAQ:COMM) COO Randall W. Crenshaw sold 25,000 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website.

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.

Shares of CommScope Holding Co. (NASDAQ:COMM) opened at 31.62 on Friday. The company’s market capitalization is $6.09 billion. CommScope Holding Co. has a 1-year low of $19.37 and a 1-year high of $33.54. The company 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 earnings results on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company earned $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. CommScope Holding had a negative net margin of 1.78% and a positive return on equity of 31.76%. CommScope Holding’s quarterly revenue was up 50.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Equities analysts predict that CommScope Holding Co. will post $2.50 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new position in CommScope Holding during the second quarter valued at approximately $100,000. Acrospire Investment Management LLC increased 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. bought a new position in CommScope Holding during the second quarter valued at approximately $126,000. US Bancorp DE increased 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 bought a new position in CommScope Holding during the second quarter valued at approximately $208,000.

A number of equities research analysts have weighed in on COMM shares. Zacks Investment Research upgraded CommScope Holding from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, August 2nd. TheStreet upgraded CommScope Holding from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating on shares of CommScope Holding in a research report on Friday, July 29th. Deutsche Bank AG lowered their price target on CommScope Holding from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, BTIG Research started coverage on CommScope Holding in a research report on Friday, June 17th. They set a “buy” rating and a $41.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.07.

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.

5 Day Chart for NASDAQ:COMM

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