CommScope Holding Co. (NASDAQ:COMM) COO Randall W. Crenshaw sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $34.47, for a total value of $1,723,500.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Randall W. Crenshaw also recently made the following trade(s):

  • On Thursday, November 3rd, Randall W. Crenshaw sold 25,000 shares of CommScope Holding stock. The stock was sold at an average price of $31.74, for a total value of $793,500.00.
  • On Thursday, October 6th, Randall W. Crenshaw sold 25,000 shares of CommScope Holding stock. The stock was sold at an average price of $31.01, for a total value of $775,250.00.
  • On Monday, September 19th, Randall W. Crenshaw sold 50,000 shares of CommScope Holding stock. The stock was sold at an average price of $31.18, for a total value of $1,559,000.00.

CommScope Holding Co. (NASDAQ:COMM) opened at 34.85 on Tuesday. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 71.71 and a beta of 1.20. CommScope Holding Co. has a 12 month low of $19.37 and a 12 month high of $35.07. The company has a 50 day moving average price of $31.52 and a 200 day moving average price of $30.70.

CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. CommScope Holding had a return on equity of 35.24% and a net margin of 1.91%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. Analysts anticipate that CommScope Holding Co. will post $2.60 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in COMM. BlackRock Advisors LLC raised its stake in shares of CommScope Holding by 4,525.7% in the third quarter. BlackRock Advisors LLC now owns 4,567,806 shares of the company’s stock worth $137,537,000 after buying an additional 4,469,058 shares during the last quarter. Harris Associates L P purchased a new stake in shares of CommScope Holding during the third quarter worth approximately $103,092,000. Lone Pine Capital LLC raised its stake in shares of CommScope Holding by 309.5% in the second quarter. Lone Pine Capital LLC now owns 3,492,871 shares of the company’s stock worth $108,384,000 after buying an additional 2,639,885 shares during the last quarter. BlackRock Group LTD raised its stake in shares of CommScope Holding by 1,226.6% in the third quarter. BlackRock Group LTD now owns 2,236,774 shares of the company’s stock worth $67,349,000 after buying an additional 2,068,170 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of CommScope Holding by 19.7% in the second quarter. Vanguard Group Inc. now owns 10,322,245 shares of the company’s stock worth $320,299,000 after buying an additional 1,701,230 shares during the last quarter.

COMM has been the subject of several recent research reports. Deutsche Bank AG dropped their price objective on CommScope Holding from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CommScope Holding in a research note on Friday, July 29th. TheStreet raised CommScope Holding from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research raised CommScope Holding from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, August 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $38.00 price target on shares of CommScope Holding in a research note on Thursday, September 15th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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.

5 Day Chart for NASDAQ:COMM

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