CommScope Holding Company, Inc. (NASDAQ:COMM) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 6,350,524 shares, an increase of 178.7% from the April 28th total of 2,278,702 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 4,263,059 shares, the days-to-cover ratio is currently 1.5 days.

CommScope Holding Company (NASDAQ COMM) opened at 37.15 on Friday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 30.03 and a beta of 1.19. CommScope Holding Company has a one year low of $27.88 and a one year high of $42.75. The firm has a 50-day moving average price of $37.56 and a 200-day moving average price of $38.30.

CommScope Holding Company (NASDAQ:COMM) last posted its earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. CommScope Holding Company had a return on equity of 36.96% and a net margin of 4.96%. CommScope Holding Company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. On average, equities analysts predict that CommScope Holding Company will post $2.74 earnings per share for the current year.

Several research firms have commented on COMM. Jefferies Group LLC restated a “buy” rating and issued a $43.00 price objective on shares of CommScope Holding Company in a research report on Thursday, June 8th. Instinet began coverage on CommScope Holding Company in a research report on Thursday, May 25th. They issued a “buy” rating and a $45.00 price objective on the stock. TheStreet lowered CommScope Holding Company from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. Nomura began coverage on CommScope Holding Company in a research report on Thursday, May 25th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Zacks Investment Research lowered CommScope Holding Company from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.91.

In related news, Director Frank M. Drendel sold 15,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $41.63, for a total value of $624,450.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Marvin S. Edwards, Jr. sold 100,000 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $40.04, for a total transaction of $4,004,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 408,270 shares of company stock worth $16,513,093. 3.33% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of COMM. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 valued at $113,000 after buying an additional 439 shares in the last quarter. Financial Architects Inc increased its stake in shares of 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 valued at $137,000 after buying an additional 1,244 shares in the last quarter. Poplar Forest Capital LLC bought a new stake in shares of CommScope Holding Company during the first quarter valued at about $200,000. CAPROCK Group Inc. bought a new stake in shares of CommScope Holding Company during the first quarter valued at about $203,000. Finally, ProShare Advisors LLC bought a new stake in shares of CommScope Holding Company during the first quarter valued at about $203,000. Institutional investors own 97.94% of the company’s stock.

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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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