Maverick Capital Ltd. acquired a new stake in Commscope Holding Company Inc (NASDAQ:COMM) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,006,180 shares of the communications equipment provider’s stock, valued at approximately $75,894,000. Commscope comprises about 1.0% of Maverick Capital Ltd.’s holdings, making the stock its 26th largest position.
A number of other institutional investors have also made changes to their positions in the business. AMP Capital Investors Ltd grew its position in shares of Commscope by 64.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 72,036 shares of the communications equipment provider’s stock worth $2,391,000 after buying an additional 28,300 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Commscope by 35.3% during the 3rd quarter. Mackenzie Financial Corp now owns 19,913 shares of the communications equipment provider’s stock worth $661,000 after buying an additional 5,191 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Commscope by 16.1% during the 3rd quarter. New York State Common Retirement Fund now owns 463,414 shares of the communications equipment provider’s stock worth $15,390,000 after buying an additional 64,414 shares in the last quarter. Telemus Capital LLC grew its position in shares of Commscope by 18.1% during the 4th quarter. Telemus Capital LLC now owns 16,825 shares of the communications equipment provider’s stock worth $636,000 after buying an additional 2,575 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Commscope during the 4th quarter worth $475,000.
In other Commscope news, SVP Philip Martin Armstrong, Jr. sold 10,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $39.02, for a total value of $390,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Gray sold 28,575 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.96, for a total value of $1,113,282.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,859 shares of company stock valued at $8,310,727. 3.33% of the stock is currently owned by company insiders.
Shares of Commscope Holding Company Inc (NASDAQ:COMM) opened at $38.71 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.69 and a debt-to-equity ratio of 2.65. Commscope Holding Company Inc has a 12 month low of $30.95 and a 12 month high of $42.75. The company has a market capitalization of $7,484.19, a PE ratio of 39.50, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13.
Commscope (NASDAQ:COMM) last released its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Commscope had a return on equity of 26.02% and a net margin of 4.25%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. equities research analysts predict that Commscope Holding Company Inc will post 2.45 EPS for the current year.
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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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