Capital Fund Management S.A. acquired a new position in Comtech Telecomm. Corp. (NASDAQ:CMTL) in the third quarter, HoldingsChannel reports. The institutional investor acquired 7,300 shares of the communications equipment provider’s stock, valued at approximately $265,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in Comtech Telecomm. in the second quarter worth $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Comtech Telecomm. in the third quarter worth $205,000. SG Americas Securities LLC raised its holdings in Comtech Telecomm. by 104.9% in the third quarter. SG Americas Securities LLC now owns 7,260 shares of the communications equipment provider’s stock worth $263,000 after purchasing an additional 3,716 shares in the last quarter. Engineers Gate Manager LP bought a new position in Comtech Telecomm. in the third quarter worth $275,000. Finally, USA Financial Portformulas Corp bought a new position in Comtech Telecomm. in the third quarter worth $245,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
NASDAQ CMTL opened at $25.40 on Friday. Comtech Telecomm. Corp. has a 12 month low of $20.25 and a 12 month high of $36.94. The firm has a market capitalization of $597.88 million, a PE ratio of 33.80, a P/E/G ratio of 5.19 and a beta of 1.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.69.
Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Wednesday, September 26th. The communications equipment provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Comtech Telecomm. had a return on equity of 3.67% and a net margin of 5.22%. The firm had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $174.72 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Comtech Telecomm. Corp. will post 0.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Wednesday, January 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. Comtech Telecomm.’s dividend payout ratio is currently 53.33%.
In other news, Director Edwin Kantor sold 1,000 shares of the stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $34.55, for a total value of $34,550.00. Following the sale, the director now directly owns 1,500 shares of the company’s stock, valued at $51,825. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Branscum sold 1,510 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $31.94, for a total value of $48,229.40. Following the completion of the sale, the insider now directly owns 45,323 shares in the company, valued at $1,447,616.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,010 shares of company stock worth $133,779. Insiders own 7.30% of the company’s stock.
A number of research firms have issued reports on CMTL. ValuEngine downgraded Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 28th. TheStreet downgraded Comtech Telecomm. from a “b-” rating to a “c+” rating in a report on Thursday, November 15th. BidaskClub downgraded Comtech Telecomm. from a “sell” rating to a “strong sell” rating in a report on Friday, November 2nd. Finally, BMO Capital Markets increased their price objective on Comtech Telecomm. from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.17.
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Comtech Telecomm. Company Profile
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
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