November 29, 2016 - By Nellie Frank
Robert Granow, the SVP and Controller of Commscope Holding Company Inc made insider trade for 10,000 shares with the average stock price of $36.0 in the stock exchange listed company, that are with a total value of $360,168 US Dollars. This is not his first insider trade, in the last 30 days, he unloaded another 10,000 shares worth $330,060 USD. This stock deal by Mr. Robert – was dated on November 29, 2016 and disclosed in a SEC’s Form 4 available here. Robert Granow now owns 8,422 shares or 0.00% of the company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).
Out of 10 analysts covering CommScope Holding (NASDAQ:COMM), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $42.50 is the highest target while $22 is the lowest. The $34.55 average target is -4.64% below today’s ($36.23) stock price. CommScope Holding has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, September 20 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. BTIG Research initiated the stock with “Buy” rating in Friday, June 17 report. On Tuesday, February 16 the stock rating was upgraded by Raymond James to “Outperform”. Northland Capital initiated the shares of COMM in a report on Wednesday, September 30 with “Market Perform” rating. On Thursday, December 17 the stock rating was upgraded by JP Morgan to “Overweight”. Drexel Hamilton initiated it with “Buy” rating and $40 target price in Friday, July 24 report. Northland Capital maintained Commscope Holding Company Inc (NASDAQ:COMM) rating on Tuesday, November 10. Northland Capital has “Market Perform” rating and $22 price target. The firm has “Buy” rating by Goldman Sachs given on Monday, May 9. Cross Research upgraded the stock to “Buy” rating in Monday, February 22 report. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, November 10 report.
Insitutional Activity: The institutional sentiment decreased to 2.04 in 2016 Q2. Its down 0.08, from 2.12 in 2016Q1. The ratio turned negative, as 15 funds sold all Commscope Holding Company Inc shares owned while 43 reduced positions. 40 funds bought stakes while 83 increased positions. They now own 192.42 million shares or 1.89% less from 196.14 million shares in 2016Q1.
D E Shaw And Co last reported 0.05% of its portfolio in the stock. Ascend Capital Ltd Limited Liability Company accumulated 0.54% or 264,756 shares. Blackrock Gru holds 0% or 168,604 shares in its portfolio. Pnc Fincl Services Group Incorporated owns 892 shares or 0% of their US portfolio. Ny State Common Retirement Fund holds 0.01% or 286,900 shares in its portfolio. Cannell Peter B And Inc has invested 2.1% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Hsbc Holdings Public Limited Co accumulated 0% or 12,833 shares. Hollow Brook Wealth Limited Liability, a New York-based fund reported 83,598 shares. Makaira Prns reported 1.54M shares or 6.99% of all its holdings. Moreover, Employees Retirement Systems Of Texas has 0.02% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 37,000 shares. Raymond James And Associates owns 41,177 shares or 0% of their US portfolio. Moreover, Utah Retirement has 0.02% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 23,300 shares. Myriad Asset Mngmt has 2.32% invested in the company for 860,811 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 3,954 shares or 0% of their US portfolio. Panagora Asset Management holds 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 4,053 shares.
Insider Transactions: Since June 1, 2016, the stock had 1 insider buy, and 24 selling transactions for $1.31 billion net activity. On Monday, November 7 Granow Robert W sold $330,060 worth of the stock or 10,000 shares. CRENSHAW RANDALL W also sold $1.72 million worth of Commscope Holding Company Inc (NASDAQ:COMM) on Wednesday, November 9. $476,112 worth of Commscope Holding Company Inc (NASDAQ:COMM) was sold by DRENDEL FRANK M. Karlsson Peter U also sold $242,001 worth of Commscope Holding Company Inc (NASDAQ:COMM) on Friday, July 1. Shares for $656,281 were sold by WYATT FRANK B II on Thursday, November 10. $3.22 million worth of Commscope Holding Company Inc (NASDAQ:COMM) was sold by Edwards Marvin S Jr. 19.72M shares were sold by Carlyle Group L.P., worth $654.80M on Wednesday, November 16.
The stock increased 1.12% or $0.4 during the last trading session, hitting $36.23. About 2.27 million shares traded hands. Commscope Holding Company Inc (NASDAQ:COMM) has risen 33.30% since April 26, 2016 and is uptrending. It has outperformed by 28.04% the S&P500.
CommScope Holding Company, Inc. is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The company has a market cap of $6.89 billion. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions . It has a 77.57 P/E ratio. The Company’s 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.
According to Zacks Investment Research, “CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina.”
Analysts await Commscope Holding Company Inc (NASDAQ:COMM) to report earnings on February, 17. They expect $0.54 EPS, up 38.46% or $0.15 from last year’s $0.39 per share. COMM’s profit will be $102.69 million for 16.77 P/E if the $0.54 EPS becomes a reality. After $0.79 actual EPS reported by Commscope Holding Company Inc for the previous quarter, Wall Street now forecasts -31.65% negative EPS growth.
CommScope Holding Company, Inc., incorporated on October 22, 2010, is well-known provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). The Firm also makes coaxial and fiber optic cable for residential broadband networks. Through its Andrew brand, the Company provides merchant radio frequency (RF) wireless network connectivity solutions and small cell distributed antenna system (DAS) solutions. Through its SYSTIMAX, Uniprise and AMP NETCONNECT brands, the Company provides enterprise connectivity solutions, delivering an end-to-end physical layer solution, including connectivity and cables, enclosures, data center and network intelligence software, in-building wireless and network design services for enterprise applications and data centers.
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By Nellie Frank