Commscope Holding Company Inc (NASDAQ:COMM) COO Bruce William Mcclelland acquired 3,500 shares of Commscope stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average price of $18.00 per share, with a total value of $63,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bruce William Mcclelland also recently made the following trade(s):

  • On Tuesday, May 14th, Bruce William Mcclelland acquired 4,000 shares of Commscope stock. The shares were acquired at an average price of $18.28 per share, with a total value of $73,120.00.

Shares of NASDAQ:COMM traded down $0.02 on Friday, reaching $17.47. 76,716 shares of the company traded hands, compared to its average volume of 2,451,866. Commscope Holding Company Inc has a fifty-two week low of $15.09 and a fifty-two week high of $32.48. The company has a market capitalization of $3.55 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.41 and a beta of 1.20. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.42 and a current ratio of 2.01.

Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Commscope had a return on equity of 23.46% and a net margin of 2.29%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts forecast that Commscope Holding Company Inc will post 2.26 EPS for the current fiscal year.

Several equities analysts have recently issued reports on COMM shares. Zacks Investment Research upgraded Commscope from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, March 29th. Deutsche Bank started coverage on Commscope in a research report on Friday, April 12th. They set a “buy” rating and a $40.00 price objective for the company. BidaskClub upgraded Commscope from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Morgan Stanley set a $22.00 price objective on Commscope and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, Rosenblatt Securities restated a “hold” rating and issued a $24.00 target price on shares of Commscope in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.93.

Several large investors have recently made changes to their positions in COMM. Rhumbline Advisers increased its stake in shares of Commscope by 2.5% in the fourth quarter. Rhumbline Advisers now owns 172,645 shares of the communications equipment provider’s stock worth $2,830,000 after acquiring an additional 4,221 shares during the last quarter. First Trust Advisors LP increased its position in Commscope by 11.9% during the fourth quarter. First Trust Advisors LP now owns 294,598 shares of the communications equipment provider’s stock worth $4,828,000 after buying an additional 31,316 shares during the last quarter. AQR Capital Management LLC increased its position in Commscope by 15.1% during the third quarter. AQR Capital Management LLC now owns 20,385 shares of the communications equipment provider’s stock worth $627,000 after buying an additional 2,674 shares during the last quarter. Gotham Asset Management LLC increased its position in Commscope by 190.9% during the fourth quarter. Gotham Asset Management LLC now owns 900,609 shares of the communications equipment provider’s stock worth $14,761,000 after buying an additional 591,068 shares during the last quarter. Finally, M&T Bank Corp increased its position in Commscope by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,771 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 774 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

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Commscope Company Profile

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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