Capital Fund Management S.A. Acquires New Holdings in Comtech Telecomm. Corp. (CMTL)

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.

TRADEMARK VIOLATION WARNING: “Capital Fund Management S.A. Acquires New Holdings in Comtech Telecomm. Corp. (CMTL)” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/12/07/capital-fund-management-s-a-acquires-new-holdings-in-comtech-telecomm-corp-cmtl.html.

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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Want to see what other hedge funds are holding CMTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comtech Telecomm. Corp. (NASDAQ:CMTL).

Institutional Ownership by Quarter for Comtech Telecomm. (NASDAQ:CMTL)

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