Investors Purchase Large Volume of Commscope Call Options (COMM)

Commscope Holding Company Inc (NASDAQ:COMM) was the target of unusually large options trading on Wednesday. Investors purchased 1,368 call options on the stock. This represents an increase of 1,121% compared to the average daily volume of 112 call options.

Several analysts recently issued reports on COMM shares. ValuEngine lowered Commscope from a “hold” rating to a “sell” rating in a report on Friday, June 1st. MED started coverage on Commscope in a report on Wednesday, June 20th. They set a “neutral” rating and a $32.00 price objective for the company. Rosenblatt Securities started coverage on Commscope in a report on Wednesday, June 20th. They set a “neutral” rating and a $32.00 price objective for the company. BidaskClub lowered Commscope from a “sell” rating to a “strong sell” rating in a report on Saturday, June 23rd. Finally, Zacks Investment Research upgraded Commscope from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Commscope has a consensus rating of “Hold” and an average target price of $36.68.

Shares of NASDAQ:COMM opened at $30.11 on Thursday. The company has a quick ratio of 2.16, a current ratio of 2.77 and a debt-to-equity ratio of 2.57. Commscope has a 1 year low of $26.29 and a 1 year high of $41.60. The firm has a market cap of $5.80 billion, a P/E ratio of 14.91, a PEG ratio of 1.64 and a beta of 0.98.

Commscope (NASDAQ:COMM) last posted its earnings results on Tuesday, July 31st. The communications equipment provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. Commscope had a return on equity of 24.14% and a net margin of 4.43%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. analysts anticipate that Commscope will post 2.23 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of COMM. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in Commscope during the second quarter valued at about $123,000. Twin Tree Management LP bought a new position in Commscope during the second quarter valued at about $151,000. NumerixS Investment Technologies Inc raised its holdings in Commscope by 6,300.0% during the second quarter. NumerixS Investment Technologies Inc now owns 6,400 shares of the communications equipment provider’s stock valued at $185,000 after buying an additional 6,300 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Commscope by 54.7% during the second quarter. Advisors Asset Management Inc. now owns 14,583 shares of the communications equipment provider’s stock valued at $194,000 after buying an additional 5,156 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in Commscope during the second quarter valued at about $202,000.

About Commscope

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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