Commscope Holding Company Inc (NASDAQ:COMM) Director Claudius E. Iv Watts purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of $36.75 per share, with a total value of $551,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Commscope Holding Company Inc (NASDAQ:COMM) traded up 0.11% on Friday, reaching $37.03. 235,719 shares of the company were exchanged. The firm has a market capitalization of $7.14 billion, a PE ratio of 29.94 and a beta of 1.28. The company’s 50 day moving average is $39.74 and its 200 day moving average is $37.81. Commscope Holding Company Inc has a 12-month low of $27.88 and a 12-month high of $42.75.

Commscope Holding Company (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, May 4th. The communications equipment provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Commscope Holding Company had a net margin of 1.91% and a return on equity of 35.24%. Commscope Holding Company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Analysts forecast that Commscope Holding Company Inc will post $2.73 earnings per share for the current year.

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

COPYRIGHT VIOLATION WARNING: “Claudius E. Iv Watts Acquires 15,000 Shares of Commscope Holding Company Inc (COMM) Stock” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/05/19/claudius-e-iv-watts-acquires-15000-shares-of-commscope-holding-company-inc-comm-stock.html.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Commscope Holding Company from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG boosted their price target on shares of Commscope Holding Company from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Barclays PLC upped their target price on shares of Commscope Holding Company from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Commscope Holding Company in a report on Friday, March 31st. Finally, Credit Suisse Group AG upped their target price on shares of Commscope Holding Company from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.50.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Commscope Holding Company by 6.2% in the first quarter. Vanguard Group Inc. now owns 15,659,544 shares of the communications equipment provider’s stock valued at $653,159,000 after buying an additional 920,612 shares in the last quarter. BlackRock Inc. boosted its position in shares of Commscope Holding Company by 13,901.6% in the first quarter. BlackRock Inc. now owns 12,836,653 shares of the communications equipment provider’s stock valued at $535,417,000 after buying an additional 12,744,973 shares in the last quarter. FMR LLC boosted its position in shares of Commscope Holding Company by 10.1% in the first quarter. FMR LLC now owns 10,577,696 shares of the communications equipment provider’s stock valued at $441,196,000 after buying an additional 970,424 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Commscope Holding Company by 70.1% in the first quarter. Wellington Management Group LLP now owns 9,147,906 shares of the communications equipment provider’s stock valued at $381,560,000 after buying an additional 3,770,507 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Commscope Holding Company by 17.3% in the first quarter. Boston Partners now owns 5,520,008 shares of the communications equipment provider’s stock valued at $230,240,000 after buying an additional 815,810 shares in the last quarter.

About Commscope Holding Company

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

5 Day Chart for NASDAQ:COMM

Receive News & Stock Ratings for Commscope Holding Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope Holding Company Inc and related stocks with our FREE daily email newsletter.