Robert W. Granow Sells 10,000 Shares of CommScope Holding Co. (COMM) Stock
CommScope Holding Co. (NASDAQ:COMM) SVP Robert W. Granow sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $33.01, for a total transaction of $330,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CommScope Holding Co. (NASDAQ:COMM) opened at 34.11 on Friday. The firm has a 50-day moving average of $31.32 and a 200-day moving average of $30.56. The firm has a market cap of $6.58 billion, a PE ratio of 70.19 and a beta of 1.20. CommScope Holding Co. has a 52-week low of $19.37 and a 52-week high of $34.92.
CommScope Holding (NASDAQ:COMM) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. CommScope Holding had a return on equity of 35.24% and a net margin of 1.91%. CommScope Holding’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities analysts anticipate that CommScope Holding Co. will post $2.60 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COMM. Societe Generale purchased a new position in shares of CommScope Holding during the second quarter worth $100,000. Acrospire Investment Management LLC boosted its position in shares of CommScope Holding by 153.8% in the second quarter. Acrospire Investment Management LLC now owns 3,300 shares of the company’s stock worth $102,000 after buying an additional 2,000 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new position in shares of CommScope Holding during the third quarter worth $119,000. Panagora Asset Management Inc. purchased a new position in shares of CommScope Holding during the second quarter worth $126,000. Finally, US Bancorp DE boosted its position in shares of CommScope Holding by 90.1% in the second quarter. US Bancorp DE now owns 4,558 shares of the company’s stock worth $141,000 after buying an additional 2,160 shares in the last quarter.
Several equities research analysts recently commented on COMM shares. JPMorgan Chase & Co. set a $40.00 price target on shares of CommScope Holding and gave the stock a “buy” rating in a report on Sunday, November 6th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $36.00 target price on shares of CommScope Holding in a research note on Friday, November 4th. Zacks Investment Research raised shares of CommScope Holding from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, August 2nd. TheStreet raised shares of CommScope Holding from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG lowered their target price on shares of CommScope Holding from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.25.
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.
Receive News & Stock Ratings for CommScope Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommScope Holding Co. and related stocks with our FREE daily email newsletter.