Timothy T. Yates Buys 5,000 Shares of CommScope Holding Co. (COMM) Stock
CommScope Holding Co. (NASDAQ:COMM) Director Timothy T. Yates acquired 5,000 shares of the stock in a transaction dated Monday, November 14th. The shares were acquired at an average cost of $34.87 per share, with a total value of $174,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
CommScope Holding Co. (NASDAQ:COMM) opened at 35.00 on Thursday. The stock has a market capitalization of $6.75 billion, a P/E ratio of 72.02 and a beta of 1.20. CommScope Holding Co. has a 52 week low of $19.37 and a 52 week high of $35.92. The stock’s 50 day moving average price is $31.78 and its 200-day moving average price is $30.76.
CommScope Holding (NASDAQ:COMM) last announced its earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. Equities research analysts expect that CommScope Holding Co. will post $2.60 earnings per share for the current year.
Several research analysts have recently issued reports on COMM shares. JPMorgan Chase & Co. set a $40.00 price objective on 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 target price on shares of CommScope Holding in a research report on Friday, November 4th. Zacks Investment Research raised CommScope Holding from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research 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. Finally, Deutsche Bank AG decreased their target price 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. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. CommScope Holding has an average rating of “Buy” and a consensus price target of $36.25.
A number of institutional investors have recently bought and sold shares of COMM. Tiger Management L.L.C. increased its position in CommScope Holding by 29.3% in the second quarter. Tiger Management L.L.C. now owns 800,134 shares of the company’s stock worth $24,828,000 after buying an additional 181,200 shares during the period. Columbus Circle Investors increased its position in CommScope Holding by 42.6% in the second quarter. Columbus Circle Investors now owns 3,372,271 shares of the company’s stock worth $104,642,000 after buying an additional 1,007,506 shares during the period. BNP Paribas Arbitrage SA increased its position in CommScope Holding by 961.5% in the second quarter. BNP Paribas Arbitrage SA now owns 20,847 shares of the company’s stock worth $647,000 after buying an additional 18,883 shares during the period. BlackRock Inc. increased its position 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. Finally, Emerald Acquisition Ltd. purchased a new position in CommScope Holding during the second quarter worth approximately $1,814,000.
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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