New England Research & Management Inc. lessened its stake in shares of Control4 Corp (NASDAQ:CTRL) by 48.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,200 shares of the electronics maker’s stock after selling 10,400 shares during the quarter. New England Research & Management Inc.’s holdings in Control4 were worth $272,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CTRL. First Mercantile Trust Co. boosted its stake in shares of Control4 by 79.4% in the first quarter. First Mercantile Trust Co. now owns 6,424 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 2,843 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Control4 by 52.9% in the first quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock valued at $159,000 after purchasing an additional 2,561 shares during the period. Granite Springs Asset Management LLC purchased a new position in shares of Control4 in the first quarter valued at approximately $209,000. Navellier & Associates Inc purchased a new position in shares of Control4 in the first quarter valued at approximately $227,000. Finally, Gotham Asset Management LLC purchased a new position in shares of Control4 in the fourth quarter valued at approximately $241,000. 79.92% of the stock is owned by institutional investors.
Shares of Control4 stock opened at $25.45 on Friday. Control4 Corp has a 52-week low of $19.32 and a 52-week high of $35.99. The company has a market capitalization of $647.89 million, a P/E ratio of 29.66, a PEG ratio of 2.86 and a beta of -0.25.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, May 3rd. The electronics maker reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Control4 had a net margin of 6.35% and a return on equity of 13.91%. The company had revenue of $59.10 million during the quarter, compared to the consensus estimate of $57.18 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. equities research analysts forecast that Control4 Corp will post 0.83 EPS for the current fiscal year.
In other Control4 news, SVP Bryce Judd sold 1,042 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $24.11, for a total transaction of $25,122.62. Following the sale, the senior vice president now owns 1,042 shares of the company’s stock, valued at $25,122.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Susan Cashen sold 6,945 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $24.16, for a total transaction of $167,791.20. Following the sale, the senior vice president now directly owns 5,389 shares in the company, valued at approximately $130,198.24. The disclosure for this sale can be found here. Insiders sold 40,199 shares of company stock valued at $992,442 in the last quarter. 6.10% of the stock is owned by insiders.
CTRL has been the subject of several recent research reports. BidaskClub raised shares of Control4 from a “strong sell” rating to a “sell” rating in a research note on Friday, March 9th. DA Davidson initiated coverage on shares of Control4 in a research note on Friday, March 16th. They issued a “buy” rating and a $30.00 price objective for the company. Raymond James reissued an “outperform” rating and issued a $30.00 price objective on shares of Control4 in a research note on Monday, March 19th. Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, March 27th. Finally, ValuEngine upgraded shares of Control4 from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.50.
Control4 Company Profile
Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.
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