The Vanguard Group, Inc. recently announced the acquisition of new stake in CommScope Holding Company Inc. (NASDAQ:COMM). The institutional investor has increased its shareholding in the Technology company by 1.69% to 27.81 million shares with purchase of 0.46 million shares. This fresh investment now brings its stake to 13.26% valued currently at $137.1 million. In addition, FPR Partners LLC raised its holdings by 25000.0 to 20.82 million shares. And BlackRock Fund Advisors has lifted its position by 0.89% or 0.12 million shares – to 13.07 million shares.
With over 2.21 million CommScope Holding Company Inc. (COMM) shares trading Friday and a closing price of $4.31 on the day, the dollar volume was approximately $9.51 million. Currently, there are 208.90M common shares owned by the public and among those 203.16M shares have been available to trade.
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Insiders at the company have transacted a total of 40 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 1,248,393 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 160,295 shares.
The top 3 mutual fund holders in CommScope Holding Company Inc. are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 6.07 million shares of the company’s stock, all valued at over $29.91 million. The company sold 7289.0 shares recently to bring their total holdings to about 2.89% of the shares outstanding. Vanguard Small Cap Index Fund bought 37480.0 shares to see its total holdings expand to 5.19 million shares valued at over $25.6 million and representing 2.48% of the shares outstanding. iShares Russell 2000 ETF sold 63680.0 shares to bring its total holdings to over 4.36 million shares at a value of $21.48 million. iShares Russell 2000 ETF now owns shares totaling to 2.08% of the shares outstanding.
Shares of CommScope Holding Company Inc. (NASDAQ: COMM) opened at $4.35, up $0.04 from a prior closing price of $4.31. The company’s stock has a 5-day price change of 0.70% and -46.19% over the past three months. COMM shares are trading -41.36% year to date (YTD), with the 12-month market performance down to -37.99% lower. It has a 12-month low price of $4.01 and touched a high of $13.73 over the same period. COMM has an average intraday trading volume of 3.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.79%, -19.64%, and -49.11% respectively.
Institutional ownership of CommScope Holding Company Inc. (NASDAQ: COMM) shares accounts for 93.30% of the company’s 208.90M shares outstanding. Mutual fund holders own 36.95%, while other institutional holders and individual stakeholders account for 54.80% and 12.79% respectively.
It has a market capitalization of $904.19M and a beta (3y monthly) value of 1.88. The earnings-per-share (ttm) stands at -$5.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.21% over the week and 5.66% over the month.
Analysts forecast that CommScope Holding Company Inc. (COMM) will achieve an EPS of $0.37 for the current quarter, $0.53 for the next quarter and $2.33 for 2024. The lowest estimate earnings-per-share for the quarter is $0.28 while analysts give the company a high EPS estimate of $0.41. Comparatively, EPS for the current quarter was $0.41 a year ago. Earnings per share for the fiscal year are expected to decrease by -154.10%, and 22.77% over the next financial year. EPS should grow at an annualized rate of 19.02% over the next five years, compared to -56.70% over the past 5-year period.
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