Two Sigma Investments LP Takes $268,000 Position in Control4 (CTRL)

Two Sigma Investments LP acquired a new stake in Control4 (NASDAQ:CTRL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,995 shares of the electronics maker’s stock, valued at approximately $268,000.

Several other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in Control4 by 160.7% in the 4th quarter. Advisory Services Network LLC now owns 3,910 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 2,410 shares during the period. California Public Employees Retirement System grew its position in Control4 by 5.5% in the 3rd quarter. California Public Employees Retirement System now owns 58,741 shares of the electronics maker’s stock valued at $1,731,000 after purchasing an additional 3,041 shares during the period. American International Group Inc. grew its position in Control4 by 23.6% in the 3rd quarter. American International Group Inc. now owns 18,720 shares of the electronics maker’s stock valued at $551,000 after purchasing an additional 3,577 shares during the period. LS Investment Advisors LLC grew its position in Control4 by 866.5% in the 4th quarter. LS Investment Advisors LLC now owns 5,992 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 5,372 shares during the period. Finally, Rhumbline Advisers grew its position in Control4 by 12.7% in the 4th quarter. Rhumbline Advisers now owns 47,995 shares of the electronics maker’s stock valued at $1,428,000 after purchasing an additional 5,424 shares during the period. Institutional investors own 77.04% of the company’s stock.

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CTRL opened at $21.89 on Thursday. The firm has a market cap of $568.04, a price-to-earnings ratio of 29.50, a PEG ratio of 2.57 and a beta of -0.31. Control4 has a 1 year low of $15.77 and a 1 year high of $35.99.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $68.34 million for the quarter, compared to the consensus estimate of $67.21 million. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. sell-side analysts anticipate that Control4 will post 0.81 earnings per share for the current fiscal year.

Control4 declared that its board has initiated a share buyback program on Thursday, February 8th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the electronics maker to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

CTRL has been the subject of several research reports. Maxim Group raised shares of Control4 from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $36.00 in a research report on Friday, February 9th. BidaskClub raised shares of Control4 from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Cowen reissued a “buy” rating on shares of Control4 in a research report on Tuesday, January 9th. DA Davidson initiated coverage on shares of Control4 in a research report on Friday, March 16th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Control4 currently has an average rating of “Buy” and a consensus price target of $30.29.

In other Control4 news, insider Greg Bishop sold 6,072 shares of Control4 stock in a transaction on Friday, March 9th. The shares were sold at an average price of $25.22, for a total transaction of $153,135.84. Following the transaction, the insider now directly owns 12,558 shares of the company’s stock, valued at approximately $316,712.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryce Judd sold 19,073 shares of Control4 stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $24.97, for a total transaction of $476,252.81. The disclosure for this sale can be found here. Insiders have sold a total of 158,377 shares of company stock worth $3,904,668 over the last ninety days. Insiders own 6.10% of the company’s stock.

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Control4 Profile

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.

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Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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