CommScope Sees Unusually High Options Volume (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders bought 9,346 call options on the stock. This is an increase of 111% compared to the average volume of 4,431 call options.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Inspire Investing LLC raised its position in shares of CommScope by 166.3% in the first quarter. Inspire Investing LLC now owns 205,787 shares of the communications equipment provider's stock worth $1,093,000 after buying an additional 128,511 shares in the last quarter. Strs Ohio purchased a new position in CommScope during the first quarter worth about $300,000. Bayforest Capital Ltd bought a new position in CommScope in the 1st quarter worth about $412,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CommScope by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 520,677 shares of the communications equipment provider's stock valued at $2,765,000 after acquiring an additional 39,064 shares in the last quarter. Finally, Optimize Financial Inc purchased a new stake in shares of CommScope in the 1st quarter valued at about $1,710,000. 88.04% of the stock is owned by institutional investors.

CommScope Stock Performance

NASDAQ COMM traded up $0.01 during trading hours on Friday, hitting $8.20. The company had a trading volume of 4,553,489 shares, compared to its average volume of 5,163,312. The firm has a 50 day simple moving average of $5.46 and a 200 day simple moving average of $5.24. CommScope has a 52 week low of $1.05 and a 52 week high of $8.39. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 3.01, a PEG ratio of 0.31 and a beta of 2.29.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. CommScope had a net margin of 16.89% and a negative return on equity of 4.51%. CommScope's revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business earned ($0.08) earnings per share. On average, research analysts forecast that CommScope will post -0.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, CommScope has a consensus rating of "Hold" and a consensus target price of $4.88.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.