GHP Investment Advisors Inc. bought a new stake in Comtech Telecommunications Corp. (NASDAQ:CMTL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,475 shares of the communications equipment provider’s stock, valued at approximately $210,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Comtech Telecommunications by 225.1% in the 4th quarter. Renaissance Technologies LLC now owns 253,250 shares of the communications equipment provider’s stock worth $5,602,000 after purchasing an additional 175,350 shares during the period. Bogle Investment Management L P DE bought a new stake in Comtech Telecommunications during the 4th quarter valued at $2,793,000. Goldman Sachs Group Inc. increased its stake in Comtech Telecommunications by 62.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 279,610 shares of the communications equipment provider’s stock valued at $6,185,000 after purchasing an additional 107,108 shares in the last quarter. BlackRock Inc. increased its stake in Comtech Telecommunications by 3.0% during the 4th quarter. BlackRock Inc. now owns 3,141,364 shares of the communications equipment provider’s stock valued at $69,487,000 after purchasing an additional 92,886 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Comtech Telecommunications in the 4th quarter worth $1,819,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.
In other Comtech Telecommunications news, Director Edwin Kantor sold 3,318 shares of the stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $30.49, for a total value of $101,165.82. Following the completion of the sale, the director now directly owns 4,057 shares in the company, valued at $123,697.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard L. Burt sold 82,700 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $30.46, for a total value of $2,519,042.00. Following the completion of the sale, the insider now owns 178,315 shares of the company’s stock, valued at $5,431,474.90. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
Several brokerages have recently issued reports on CMTL. BidaskClub upgraded shares of Comtech Telecommunications from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. Noble Financial reissued an “average” rating on shares of Comtech Telecommunications in a research report on Friday, March 9th. Zacks Investment Research upgraded Comtech Telecommunications from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, March 13th. BMO Capital Markets reiterated a “buy” rating on shares of Comtech Telecommunications in a report on Thursday, March 8th. Finally, Jefferies Group restated a “hold” rating on shares of Comtech Telecommunications in a research note on Thursday, March 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Comtech Telecommunications has an average rating of “Buy” and a consensus price target of $25.10.
Shares of CMTL opened at $29.71 on Friday. The company has a market cap of $709.55, a PE ratio of 87.38, a PEG ratio of 11.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.82. Comtech Telecommunications Corp. has a 1 year low of $13.11 and a 1 year high of $31.40.
Comtech Telecommunications (NASDAQ:CMTL) last released its earnings results on Wednesday, March 7th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.15. Comtech Telecommunications had a return on equity of 2.20% and a net margin of 4.87%. The firm had revenue of $133.70 million for the quarter, compared to the consensus estimate of $124.65 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities analysts forecast that Comtech Telecommunications Corp. will post 0.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Wednesday, April 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, April 17th. Comtech Telecommunications’s dividend payout ratio (DPR) is currently 117.65%.
TRADEMARK VIOLATION NOTICE: “GHP Investment Advisors Inc. Acquires Shares of 9,475 Comtech Telecommunications Corp. (CMTL)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/07/ghp-investment-advisors-inc-acquires-shares-of-9475-comtech-telecomm-corp-cmtl.html.
Comtech Telecommunications Profile
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
Receive News & Ratings for Comtech Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.