CommScope Holding Company, Inc. (NASDAQ:COMM) Director Frank M. Drendel sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $38.94, for a total value of $584,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Frank M. Drendel also recently made the following trade(s):

  • On Monday, May 1st, Frank M. Drendel sold 15,000 shares of CommScope Holding Company stock. The shares were sold at an average price of $42.18, for a total value of $632,700.00.
  • On Monday, April 3rd, Frank M. Drendel sold 15,000 shares of CommScope Holding Company stock. The shares were sold at an average price of $41.63, for a total value of $624,450.00.

CommScope Holding Company, Inc. (NASDAQ COMM) traded down 0.72% during trading on Friday, reaching $37.15. The company’s stock had a trading volume of 1,942,855 shares. The stock has a market capitalization of $7.17 billion, a PE ratio of 30.03 and a beta of 1.19. CommScope Holding Company, Inc. has a 1-year low of $27.88 and a 1-year high of $42.75. The stock has a 50 day moving average price of $37.70 and a 200 day moving average price of $38.29.

CommScope Holding Company (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. CommScope Holding Company had a return on equity of 36.96% and a net margin of 4.96%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $0.48 EPS. CommScope Holding Company’s revenue was down .6% on a year-over-year basis. Analysts anticipate that CommScope Holding Company, Inc. will post $2.74 earnings per share for the current fiscal year.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in CommScope Holding Company by 19.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,706 shares of the communications equipment provider’s stock worth $113,000 after buying an additional 439 shares during the last quarter. Financial Architects Inc increased its position in CommScope Holding Company by 61.1% in the first quarter. Financial Architects Inc now owns 3,281 shares of the communications equipment provider’s stock worth $137,000 after buying an additional 1,244 shares during the last quarter. Poplar Forest Capital LLC acquired a new position in CommScope Holding Company during the first quarter worth approximately $200,000. CAPROCK Group Inc. acquired a new position in CommScope Holding Company during the first quarter worth approximately $203,000. Finally, ProShare Advisors LLC acquired a new position in CommScope Holding Company during the first quarter worth approximately $203,000. Institutional investors and hedge funds own 97.94% of the company’s stock.

Several brokerages have recently commented on COMM. Jefferies Group LLC restated a “buy” rating and set a $43.00 price target on shares of CommScope Holding Company in a research note on Thursday, June 8th. TheStreet lowered CommScope Holding Company from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. Nomura began coverage on CommScope Holding Company in a research note on Thursday, May 25th. They set a “buy” rating and a $45.00 price target on the stock. Instinet began coverage on CommScope Holding Company in a research note on Thursday, May 25th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research lowered CommScope Holding Company from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.91.

CommScope Holding Company Company Profile

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.

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