Commscope Holding Company Inc (NASDAQ:COMM) Director Frank M. Drendel sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $38.01, for a total value of $2,280,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, December 8th, Frank M. Drendel sold 5,284 shares of Commscope stock. The shares were sold at an average price of $38.01, for a total value of $200,844.84.

Shares of Commscope Holding Company Inc (COMM) traded up $0.52 during trading hours on Tuesday, hitting $38.43. The stock had a trading volume of 1,682,100 shares, compared to its average volume of 2,006,386. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. The firm has a market capitalization of $7,231.79, a price-to-earnings ratio of 17.55, a PEG ratio of 2.96 and a beta of 1.20. Commscope Holding Company Inc has a 12-month low of $30.95 and a 12-month high of $42.75.

Commscope (NASDAQ:COMM) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The business’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. analysts forecast that Commscope Holding Company Inc will post 2.01 earnings per share for the current year.

COMM has been the topic of several research analyst reports. Jefferies Group reissued a “buy” rating and issued a $40.00 price objective on shares of Commscope in a report on Wednesday, September 20th. ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Citigroup raised their price objective on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised Commscope from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, October 19th. Finally, Northland Securities set a $28.00 price target on Commscope and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.30.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Krilogy Financial LLC boosted its stake in Commscope by 5.7% during the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 170 shares during the last quarter. Scotia Capital Inc. boosted its stake in Commscope by 1.8% during the second quarter. Scotia Capital Inc. now owns 35,408 shares of the communications equipment provider’s stock worth $1,346,000 after buying an additional 609 shares during the last quarter. Pitcairn Co. boosted its stake in Commscope by 5.8% during the second quarter. Pitcairn Co. now owns 11,462 shares of the communications equipment provider’s stock worth $436,000 after buying an additional 626 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Commscope by 9.6% during the second quarter. Janney Montgomery Scott LLC now owns 10,494 shares of the communications equipment provider’s stock worth $399,000 after buying an additional 922 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in Commscope by 13.3% during the second quarter. World Asset Management Inc now owns 8,275 shares of the communications equipment provider’s stock worth $315,000 after buying an additional 970 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/12/insider-selling-commscope-holding-company-inc-comm-director-sells-60000-shares-of-stock.html.

About Commscope

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.

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

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