Marvin S. Edwards, Jr. Sells 50,000 Shares of Commscope Holding Company Inc (COMM) Stock
Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this link.
Commscope Holding Company Inc (COMM) traded down $0.28 on Wednesday, reaching $36.31. 1,581,900 shares of the company traded hands, compared to its average volume of 2,006,761. The company has a market cap of $6,979.98, a P/E ratio of 16.94, a PEG ratio of 2.85 and a beta of 1.20. Commscope Holding Company Inc has a 52 week low of $30.95 and a 52 week high of $42.75. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78.
Commscope (NASDAQ:COMM) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. Commscope’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. equities analysts anticipate that Commscope Holding Company Inc will post 2.01 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC bought a new position in Commscope in the 2nd quarter worth approximately $114,000. Krilogy Financial LLC boosted its holdings in Commscope by 5.7% in the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 170 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Commscope by 76.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock worth $181,000 after buying an additional 2,064 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Commscope in the 2nd quarter worth approximately $216,000. Finally, Taurus Asset Management LLC bought a new position in Commscope in the 3rd quarter worth approximately $222,000.
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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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