Commscope Holding Company Inc (COMM) Director Frank M. Drendel Sells 5,284 Shares

Commscope Holding Company Inc (NASDAQ:COMM) Director Frank M. Drendel sold 5,284 shares of Commscope stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $38.01, for a total value of $200,844.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Monday, December 11th, Frank M. Drendel sold 60,000 shares of Commscope stock. The shares were sold at an average price of $38.01, for a total value of $2,280,600.00.

Commscope Holding Company Inc (NASDAQ COMM) traded up $0.34 during midday trading on Wednesday, reaching $38.77. The company had a trading volume of 1,799,800 shares, compared to its average volume of 2,005,522. 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 one year low of $30.95 and a one year high of $42.75. The stock has a market cap of $7,330.99, a PE ratio of 17.79, a PEG ratio of 3.00 and a beta of 1.20.

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

A number of research analysts have recently weighed in on COMM shares. Citigroup lifted their price objective on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of Commscope in a report on Thursday, October 12th. Zacks Investment Research raised Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine cut Commscope from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Northland Securities reissued a “hold” rating on shares of Commscope in a report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Commscope has a consensus rating of “Buy” and a consensus price target of $40.30.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Commscope by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 15,843,334 shares of the communications equipment provider’s stock worth $602,522,000 after acquiring an additional 183,790 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Commscope by 19.0% during the 2nd quarter. BlackRock Inc. now owns 15,275,547 shares of the communications equipment provider’s stock worth $580,929,000 after acquiring an additional 2,438,894 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Commscope by 478.2% during the 2nd quarter. Capital Research Global Investors now owns 14,502,567 shares of the communications equipment provider’s stock worth $551,533,000 after acquiring an additional 11,994,126 shares in the last quarter. FMR LLC raised its holdings in shares of Commscope by 6.6% during the 2nd quarter. FMR LLC now owns 11,279,906 shares of the communications equipment provider’s stock worth $428,975,000 after acquiring an additional 702,210 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Commscope by 29.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,736,824 shares of the communications equipment provider’s stock worth $350,236,000 after acquiring an additional 2,429,290 shares in the last quarter.

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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.

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

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