The Insider Selling: CommScope Holding Co. (COMM) COO Sold $775,250.00 in Stock

The Insider Selling: CommScope Holding Co. (COMM) COO Sold $775,250.00 in Stock

CommScope Holding Co. (NASDAQ:COMM) COO Randall W. Crenshaw sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $31.01, for a total value of $775,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Randall W. Crenshaw also recently made the following trade(s): On Monday, September 19th, Randall W. Crenshaw sold 50,000 shares of CommScope Holding stock. The stock was sold at an average price of $31.18, for a total value of $1,559,000.00.

Shares of CommScope Holding Co. (NASDAQ:COMM) opened at 31.62 on Friday. The firm’s market capitalization is $6.09 billion. CommScope Holding Co. has a 52-week low of $19.37 and a 52-week high of $33.54. The stock has a 50 day moving average of $30.07 and a 200-day moving average of $29.81.

CommScope Holding (NASDAQ:COMM) last posted its earnings results on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05. CommScope Holding had a negative net margin of 1.78% and a positive return on equity of 31.76%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue was up 50.7% compared to the same quarter last year. Equities analysts expect that CommScope Holding Co. will post $2.50 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the company. Societe Generale purchased a new stake in shares of CommScope Holding during the second quarter worth about $100,000. Acrospire Investment Management LLC increased its stake in shares of CommScope Holding by 153.8% in the second quarter. Acrospire Investment Management LLC now owns 3,300 shares of the company’s stock worth $102,000 after buying an additional 2,000 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of CommScope Holding during the second quarter worth about $126,000. US Bancorp DE increased its stake in shares of CommScope Holding by 90.1% in the second quarter. US Bancorp DE now owns 4,558 shares of the company’s stock worth $141,000 after buying an additional 2,160 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of CommScope Holding during the second quarter worth about $208,000.

A number of research firms recently commented on COMM. Morgan Stanley began coverage on CommScope Holding in a report on Tuesday, September 20th. They set an “equal weight” rating and a $35.00 price target for the company. Credit Agricole SA began coverage on CommScope Holding in a report on Wednesday, June 15th. They set a “buy” rating and a $40.00 price target for the company. Jefferies Group reiterated a “buy” rating and set a $38.00 price target on shares of CommScope Holding in a report on Thursday, September 15th. Deutsche Bank AG reiterated a “buy” rating on shares of CommScope Holding in a report on Wednesday, June 15th. Finally, Zacks Investment Research cut CommScope Holding from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.07.

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