Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 100,000 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $40.04, for a total value of $4,004,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marvin S. Edwards, Jr. also recently made the following trade(s):

  • On Wednesday, December 21st, Marvin S. Edwards, Jr. sold 91,244 shares of Commscope Holding Company stock. The stock was sold at an average price of $37.26, for a total value of $3,399,751.44.

Commscope Holding Company Inc (NASDAQ:COMM) traded up 1.26% during trading on Monday, reaching $40.14. The company’s stock had a trading volume of 1,716,731 shares. The stock has a market capitalization of $7.78 billion, a PE ratio of 35.52 and a beta of 1.28. Commscope Holding Company Inc has a 1-year low of $25.91 and a 1-year high of $40.57. The stock has a 50 day moving average price of $38.72 and a 200 day moving average price of $34.93.

Commscope Holding Company (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Commscope Holding Company had a return on equity of 35.24% and a net margin of 1.91%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Commscope Holding Company Inc will post $2.96 earnings per share for the current fiscal year.

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

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Several institutional investors have recently made changes to their positions in COMM. BlackRock Advisors LLC raised its position in shares of Commscope Holding Company by 4,525.7% in the third quarter. BlackRock Advisors LLC now owns 4,567,806 shares of the company’s stock valued at $137,537,000 after buying an additional 4,469,058 shares during the period. Harris Associates L P acquired a new position in shares of Commscope Holding Company during the third quarter valued at approximately $103,092,000. FMR LLC raised its position in shares of Commscope Holding Company by 54.3% in the fourth quarter. FMR LLC now owns 9,607,272 shares of the company’s stock valued at $357,390,000 after buying an additional 3,382,017 shares during the period. BlackRock Group LTD raised its position in shares of Commscope Holding Company by 1,226.6% in the third quarter. BlackRock Group LTD now owns 2,236,774 shares of the company’s stock valued at $67,349,000 after buying an additional 2,068,170 shares during the period. Finally, Norges Bank acquired a new position in shares of Commscope Holding Company during the fourth quarter valued at approximately $62,592,000.

COMM has been the topic of a number of recent analyst reports. Barclays PLC reiterated a “buy” rating and issued a $42.00 target price on shares of Commscope Holding Company in a research note on Thursday, January 12th. Citigroup Inc initiated coverage on Commscope Holding Company in a research note on Tuesday, December 20th. They issued a “buy” rating and a $45.00 target price on the stock. Zacks Investment Research upgraded Commscope Holding Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Commscope Holding Company in a research note on Tuesday, January 17th. Finally, Credit Suisse Group AG increased their target price on Commscope Holding Company from $36.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.92.

About Commscope Holding Company

CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company operates through four segments: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). Its Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.

5 Day Chart for NASDAQ:COMM

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