Commscope Holding Company Inc (COMM) Insider Marvin S. Edwards, Jr. Sells 100,000 Shares

Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 100,000 shares of Commscope Holding Company stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $40.04, for a total transaction of $4,004,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $3,399,751.44.

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

Commscope Holding Company (NASDAQ:COMM) last released 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 net margin of 1.91% and a return on equity of 35.24%. The firm earned $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts expect 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 large investors have recently added to or reduced their stakes in COMM. SignalPoint Asset Management LLC raised its stake in Commscope Holding Company by 0.7% in the third quarter. SignalPoint Asset Management LLC now owns 16,057 shares of the company’s stock valued at $483,000 after buying an additional 104 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Commscope Holding Company during the third quarter valued at approximately $711,000. Wells Fargo & Company MN raised its stake in Commscope Holding Company by 9.1% in the third quarter. Wells Fargo & Company MN now owns 415,310 shares of the company’s stock valued at $12,506,000 after buying an additional 34,596 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Commscope Holding Company during the third quarter valued at approximately $235,000. Finally, Chicago Equity Partners LLC acquired a new stake in Commscope Holding Company during the third quarter valued at approximately $347,000.

Several research firms have recently weighed in on COMM. Credit Suisse Group AG lifted their target price on shares of Commscope Holding Company from $36.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Jefferies Group LLC lifted their target price on shares of Commscope Holding Company from $38.00 to $45.00 and gave the stock a “positive” rating in a research note on Friday, February 24th. Zacks Investment Research upgraded shares of Commscope Holding Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Barclays PLC restated a “buy” rating and issued a $42.00 price objective on shares of Commscope Holding Company in a research report on Thursday, January 12th. Finally, Citigroup Inc began coverage on shares of Commscope Holding Company in a research report on Tuesday, December 20th. They issued a “buy” rating and a $45.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Commscope Holding Company presently has a consensus rating of “Buy” and an average target price of $39.92.

Commscope Holding Company Company Profile

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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