Investors Buy High Volume of Call Options on CommScope (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was the recipient of unusually large options trading on Tuesday. Investors acquired 9,346 call options on the stock. This represents an increase of 111% compared to the average volume of 4,431 call options.

CommScope Price Performance

COMM traded up $0.42 on Wednesday, reaching $7.75. 6,285,174 shares of the stock were exchanged, compared to its average volume of 5,124,214. The company's 50-day moving average price is $5.28 and its 200 day moving average price is $5.21. The firm has a market capitalization of $1.68 billion, a PE ratio of 2.84, a PEG ratio of 0.26 and a beta of 2.29. CommScope has a fifty-two week low of $1.05 and a fifty-two week high of $7.97.

CommScope (NASDAQ:COMM - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. CommScope had a negative return on equity of 4.51% and a net margin of 16.89%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company's revenue was up 23.5% compared to the same quarter last year. As a group, equities analysts forecast that CommScope will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of CommScope

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC boosted its holdings in CommScope by 166.3% in the first quarter. Inspire Investing LLC now owns 205,787 shares of the communications equipment provider's stock valued at $1,093,000 after purchasing an additional 128,511 shares during the last quarter. Strs Ohio acquired a new position in shares of CommScope in the 1st quarter valued at about $300,000. Bayforest Capital Ltd purchased a new stake in shares of CommScope in the first quarter worth about $412,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CommScope by 8.1% during the first 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 worth $2,765,000 after acquiring an additional 39,064 shares during the period. Finally, Optimize Financial Inc acquired a new stake in CommScope during the first quarter worth about $1,710,000. Institutional investors and hedge funds own 88.04% of the company's stock.

Wall Street Analyst Weigh In

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

CommScope Company Profile

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.