Frank B. Wyatt II Sells 18,900 Shares of CommScope Holding Co. (COMM) Stock
CommScope Holding Co. (NASDAQ:COMM) SVP Frank B. Wyatt II sold 18,900 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $34.72, for a total transaction of $656,208.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Frank B. Wyatt II also recently made the following trade(s):
- On Wednesday, November 9th, Frank B. Wyatt II sold 10,400 shares of CommScope Holding stock. The stock was sold at an average price of $33.11, for a total transaction of $344,344.00.
CommScope Holding Co. (NASDAQ:COMM) opened at 35.00 on Thursday. CommScope Holding Co. has a 52-week low of $19.37 and a 52-week high of $35.92. The stock has a 50 day moving average of $31.78 and a 200-day moving average of $30.76. The company has a market capitalization of $6.75 billion, a P/E ratio of 72.02 and a beta of 1.20.
CommScope Holding (NASDAQ:COMM) last posted its earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ 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 net margin of 1.91% and a return on equity of 35.24%. The company’s revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. On average, equities analysts forecast that CommScope Holding Co. will post $2.60 earnings per share for the current year.
COMM has been the subject of several recent research reports. JPMorgan Chase & Co. set a $40.00 price objective on shares of CommScope Holding and gave the stock a “buy” rating in a research report on Sunday, November 6th. Credit Suisse Group AG reissued a “buy” rating and issued a $36.00 price objective on shares of CommScope Holding in a research report 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 price target for the company in a report on Tuesday, August 2nd. TheStreet raised shares of CommScope Holding from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, Deutsche Bank AG lowered their price target on shares of CommScope Holding from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $36.25.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake 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. State Street Corp boosted its stake in CommScope Holding by 2.7% in the first quarter. State Street Corp now owns 1,273,166 shares of the company’s stock worth $35,549,000 after buying an additional 33,658 shares during the period. Geode Capital Management LLC boosted its stake in CommScope Holding by 7.2% in the first quarter. Geode Capital Management LLC now owns 845,167 shares of the company’s stock worth $23,596,000 after buying an additional 56,696 shares during the period. Bayesian Capital Management LP acquired a new stake in CommScope Holding during the first quarter worth about $244,000. Finally, A.R.T. Advisors LLC acquired a new stake in CommScope Holding during the first quarter worth about $663,000.
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.
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