CommScope Holding Co. (NASDAQ:COMM) SVP Peter U. Karlsson sold 7,796 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $30.09, for a total value of $234,581.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Peter U. Karlsson also recently made the following trade(s):
- On Thursday, September 1st, Peter U. Karlsson sold 7,796 shares of CommScope Holding stock. The stock was sold at an average price of $29.73, for a total value of $231,775.08.
- On Monday, August 1st, Peter U. Karlsson sold 7,796 shares of CommScope Holding stock. The stock was sold at an average price of $30.06, for a total value of $234,347.76.
CommScope Holding Co. (NASDAQ:COMM) traded up 0.29% on Friday, hitting $31.50. 124,873 shares of the stock traded hands. CommScope Holding Co. has a 52-week low of $19.37 and a 52-week high of $33.54. The company’s 50 day moving average price is $29.98 and its 200-day moving average price is $29.77. The stock’s market cap is $6.07 billion.
CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The company earned $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. CommScope Holding had a negative net margin of 1.78% and a positive return on equity of 31.76%. The firm’s quarterly revenue was up 50.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts forecast that CommScope Holding Co. will post $2.50 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in shares of CommScope Holding by 961.5% in the second quarter. BNP Paribas Arbitrage SA now owns 20,847 shares of the company’s stock valued at $647,000 after buying an additional 18,883 shares during the period. BlackRock Inc. increased its stake in CommScope Holding by 220.0% in the first quarter. BlackRock Inc. now owns 14,404 shares of the company’s stock worth $402,000 after buying an additional 9,903 shares during the period. Emerald Acquisition Ltd. bought a new stake in CommScope Holding during the second quarter worth approximately $1,814,000. BlackRock Institutional Trust Company N.A. increased its stake in CommScope Holding by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,983,877 shares of the company’s stock worth $83,310,000 after buying an additional 43,619 shares during the period. Finally, Calvert Investment Management Inc. bought a new stake in CommScope Holding during the second quarter worth approximately $217,000.
COMM has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $35.00 target price on shares of CommScope Holding in a research note on Monday, September 19th. Jefferies Group reiterated a “buy” rating and issued a $38.00 price objective on shares of CommScope Holding in a research note on Thursday, September 15th. Morgan Stanley assumed coverage on CommScope Holding in a research note on Tuesday, September 20th. They issued an “equal weight” rating and a $35.00 price objective on the stock. BTIG Research assumed coverage on CommScope Holding in a research note on Friday, June 17th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research downgraded CommScope Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. CommScope Holding has a consensus rating of “Buy” and an average target price of $34.07.
CommScope Holding Company Profile
CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company operates through four segments: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). Its Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.
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