Commscope Holding Company Inc (NASDAQ:COMM) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,077,220 shares, an increase of 26.7% from the November 15th total of 7,161,531 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily volume of 1,369,526 shares, the short-interest ratio is presently 6.6 days.

Commscope (NASDAQ COMM) opened at $38.77 on Wednesday. Commscope has a 52 week low of $30.95 and a 52 week high of $42.75. The stock has a market capitalization of $7,231.79, a P/E ratio of 17.55, a P/E/G ratio of 2.96 and a beta of 1.20. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93.

Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. Commscope’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. analysts expect that Commscope will post 2.01 EPS for the current year.

In other Commscope news, Director Frank M. Drendel sold 5,284 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.01, for a total transaction of $200,844.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,284 shares of company stock worth $4,303,945. Company insiders own 3.33% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Commscope during the third quarter worth $369,000. California Public Employees Retirement System lifted its holdings in Commscope by 3.6% during the third quarter. California Public Employees Retirement System now owns 413,216 shares of the communications equipment provider’s stock worth $13,723,000 after buying an additional 14,416 shares during the period. Makaira Partners LLC lifted its holdings in Commscope by 14.1% during the third quarter. Makaira Partners LLC now owns 2,307,447 shares of the communications equipment provider’s stock worth $76,630,000 after buying an additional 285,200 shares during the period. Janus Henderson Group PLC lifted its holdings in Commscope by 11.0% during the third quarter. Janus Henderson Group PLC now owns 3,749,954 shares of the communications equipment provider’s stock worth $124,536,000 after buying an additional 370,912 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Commscope during the third quarter worth $27,219,000.

COMM has been the topic of a number of analyst reports. Morgan Stanley raised Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a research note on Thursday, August 17th. Citigroup upped their target price on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Northland Securities reaffirmed a “hold” rating on shares of Commscope in a research note on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Commscope in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised Commscope from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.30.

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Commscope Company Profile

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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