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 stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $36.02, for a total transaction of $360,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Robert W. Granow also recently made the following trade(s):
- On Tuesday, November 8th, Robert W. Granow sold 10,000 shares of CommScope Holding stock. The shares were sold at an average price of $33.01, for a total transaction of $330,100.00.
Shares of CommScope Holding Co. (NASDAQ:COMM) opened at 35.98 on Thursday. CommScope Holding Co. has a 12 month low of $19.37 and a 12 month high of $36.56. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 74.03 and a beta of 1.20. The company’s 50-day moving average is $32.82 and its 200-day moving average is $31.09.
CommScope Holding (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The company earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. CommScope Holding had a net margin of 1.91% and a return on equity of 35.24%. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. On average, equities research analysts forecast that CommScope Holding Co. will post $2.60 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of CommScope Holding from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, November 8th. JPMorgan Chase & Co. set a $40.00 price objective on shares of CommScope Holding and gave the stock a “buy” rating in a research note on Sunday, November 6th. Credit Suisse Group AG reissued a “buy” rating and set a $36.00 price objective on shares of CommScope Holding in a research note on Friday, November 4th. TheStreet cut shares of CommScope Holding from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Finally, Morgan Stanley initiated coverage on shares of CommScope Holding in a research note on Tuesday, September 20th. They set an “equal weight” rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $36.25.
Hedge funds have recently modified their holdings of the company. Tiger Management L.L.C. raised its stake in shares of 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 in the last quarter. Columbus Circle Investors raised its stake in shares of 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 in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of 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 in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of CommScope Holding during the second quarter worth $1,814,000. Finally, Calvert Investment Management Inc. bought a new stake in shares of CommScope Holding during the second quarter worth $217,000.
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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