Commscope Holding Company Inc (NASDAQ:COMM) traded up 6.5% during mid-day trading on Monday . The stock traded as high as $12.13 and last traded at $12.00, 4,947,204 shares traded hands during mid-day trading. An increase of 64% from the average session volume of 3,021,731 shares. The stock had previously closed at $11.27.

COMM has been the topic of a number of research analyst reports. BidaskClub upgraded Commscope from a “strong sell” rating to a “sell” rating in a report on Tuesday. Northland Securities reiterated a “buy” rating and issued a $22.50 price objective on shares of Commscope in a report on Friday, August 9th. Deutsche Bank set a $28.00 price objective on Commscope and gave the stock a “buy” rating in a research report on Friday, August 9th. Credit Suisse Group reduced their target price on Commscope from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Nomura decreased their target price on Commscope from $24.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Commscope presently has a consensus rating of “Hold” and an average price target of $19.13.

The company’s fifty day simple moving average is $12.00 and its 200 day simple moving average is $17.99. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 7.23. The firm has a market capitalization of $2.43 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.39 and a beta of 1.50.

Commscope (NASDAQ:COMM) last posted its earnings results on Thursday, August 8th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.16. Commscope had a positive return on equity of 25.08% and a negative net margin of 5.03%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 107.0% on a year-over-year basis. Equities research analysts forecast that Commscope Holding Company Inc will post 1.87 EPS for the current year.

In other Commscope news, Director Frank M. Drendel sold 80,800 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.84, for a total transaction of $1,279,872.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director L William Krause acquired 21,250 shares of the stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $11.87 per share, with a total value of $252,237.50. The disclosure for this purchase can be found here. Insiders own 3.25% of the company’s stock.

Several large investors have recently added to or reduced their stakes in COMM. Boston Partners increased its stake in shares of Commscope by 132.0% in the 2nd quarter. Boston Partners now owns 474,348 shares of the communications equipment provider’s stock worth $7,462,000 after acquiring an additional 269,920 shares in the last quarter. Indaba Capital Management L.P. boosted its stake in Commscope by 22.9% during the second quarter. Indaba Capital Management L.P. now owns 1,574,776 shares of the communications equipment provider’s stock worth $24,771,000 after acquiring an additional 293,000 shares in the last quarter. Maverick Capital Ltd. boosted its stake in Commscope by 84.4% during the second quarter. Maverick Capital Ltd. now owns 18,511,826 shares of the communications equipment provider’s stock worth $291,191,000 after acquiring an additional 8,470,190 shares in the last quarter. Royal Bank of Canada grew its holdings in Commscope by 100.4% in the second quarter. Royal Bank of Canada now owns 74,815 shares of the communications equipment provider’s stock worth $1,177,000 after purchasing an additional 37,477 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Commscope by 7.7% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 104,526 shares of the communications equipment provider’s stock worth $1,644,000 after purchasing an additional 7,470 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

About Commscope (NASDAQ:COMM)

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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