Daiwa Securities Group Inc. Raises Position in Commscope Holding Company Inc (COMM)
Daiwa Securities Group Inc. increased its position in Commscope Holding Company Inc (NASDAQ:COMM) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 102,830 shares of the communications equipment provider’s stock after buying an additional 2,990 shares during the period. Daiwa Securities Group Inc.’s holdings in Commscope were worth $3,890,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of COMM. Taurus Asset Management LLC purchased a new position in shares of Commscope in the 3rd quarter worth $222,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Commscope in the 3rd quarter worth $252,000. Toronto Dominion Bank raised its position in shares of Commscope by 240.6% in the 3rd quarter. Toronto Dominion Bank now owns 8,146 shares of the communications equipment provider’s stock worth $270,000 after buying an additional 5,754 shares during the period. Parametrica Management Ltd purchased a new position in shares of Commscope in the 4th quarter worth $276,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Commscope by 48.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,393 shares of the communications equipment provider’s stock worth $279,000 after buying an additional 2,723 shares during the period.
Shares of Commscope Holding Company Inc (NASDAQ:COMM) opened at $37.30 on Tuesday. Commscope Holding Company Inc has a twelve month low of $30.95 and a twelve month high of $42.75. The stock has a market capitalization of $7,069.64, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.34 and a beta of 1.13. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10.
In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $36.45, for a total transaction of $1,822,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank M. Drendel sold 5,284 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 180,284 shares of company stock valued at $6,807,245 over the last 90 days. Insiders own 3.33% of the company’s stock.
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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.
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