Commscope Holding Company Inc (COMM) Director Sells $2,280,600.00 in Stock
Commscope Holding Company Inc (NASDAQ:COMM) Director Frank M. Drendel sold 60,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $38.01, for a total transaction of $2,280,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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 stock was sold at an average price of $38.01, for a total transaction of $200,844.84.
Shares of Commscope Holding Company Inc (COMM) opened at $38.01 on Friday. The company has a market cap of $7,384.40, a price-to-earnings ratio of 17.92, a P/E/G ratio of 3.02 and a beta of 1.20. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. Commscope Holding Company Inc has a 52-week low of $30.95 and a 52-week high of $42.75.
Commscope (NASDAQ:COMM) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. equities analysts expect that Commscope Holding Company Inc will post 2.01 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Krilogy Financial LLC grew its position in shares of Commscope by 5.7% in the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 170 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Commscope by 76.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock valued at $181,000 after purchasing an additional 2,064 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Commscope in the second quarter valued at about $216,000. Taurus Asset Management LLC acquired a new stake in shares of Commscope in the third quarter valued at about $222,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Commscope in the second quarter valued at about $235,000.
COMM has been the subject of several recent research reports. Morgan Stanley raised shares of Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a report on Thursday, August 17th. Jefferies Group reissued a “buy” rating and set a $40.00 target price on shares of Commscope in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Northland Securities set a $28.00 target price on shares of Commscope and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, Citigroup raised their target price on shares of Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.30.
Commscope 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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.