Kyle David Lorentzen Buys 11,600 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) Stock

CommScope Holding Company, Inc. (NASDAQ:COMM) CFO Kyle David Lorentzen purchased 11,600 shares of CommScope stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average cost of $1.25 per share, with a total value of $14,500.00. Following the completion of the transaction, the chief financial officer now directly owns 712,475 shares of the company’s stock, valued at approximately $890,593.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CommScope Stock Performance

Shares of COMM stock traded up $0.04 during mid-day trading on Friday, hitting $1.31. The company’s stock had a trading volume of 2,723,301 shares, compared to its average volume of 5,024,049. The company’s fifty day simple moving average is $1.82 and its 200-day simple moving average is $2.22. CommScope Holding Company, Inc. has a 52 week low of $0.89 and a 52 week high of $6.65. The company has a market cap of $278.03 million, a PE ratio of -0.18 and a beta of 1.97.

CommScope (NASDAQ:COMM) last issued its earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). CommScope had a negative net margin of 21.64% and a negative return on equity of 7.18%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.53 billion. On average, equities analysts anticipate that CommScope Holding Company, Inc. will post -0.48 earnings per share for the current year.

Analyst Ratings Changes

COMM has been the subject of several recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating on shares of CommScope in a research report on Monday, March 4th. Bank of America cut their price objective on CommScope from $2.00 to $1.00 and set an “underperform” rating for the company in a research report on Wednesday, March 13th. StockNews.com lowered CommScope from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Northland Securities reaffirmed a “market perform” rating on shares of CommScope in a report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.27.

Institutional Trading of CommScope

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in CommScope by 4.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,878 shares of the communications equipment provider’s stock valued at $238,000 after buying an additional 1,213 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in CommScope by 2.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 66,552 shares of the communications equipment provider’s stock worth $407,000 after purchasing an additional 1,331 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in CommScope by 5.2% during the 4th quarter. Vident Investment Advisory LLC now owns 46,963 shares of the communications equipment provider’s stock worth $345,000 after purchasing an additional 2,318 shares in the last quarter. Legal & General Group Plc increased its holdings in CommScope by 1.4% during the 4th quarter. Legal & General Group Plc now owns 192,899 shares of the communications equipment provider’s stock worth $1,418,000 after purchasing an additional 2,676 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in CommScope by 11.7% during the 2nd quarter. ProShare Advisors LLC now owns 26,968 shares of the communications equipment provider’s stock worth $152,000 after purchasing an additional 2,824 shares in the last quarter. 88.04% of the stock is owned by institutional investors.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.