Quantamental Technologies LLC purchased a new stake in Comtech Telecomm. Corp. (NASDAQ:CMTL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,748 shares of the communications equipment provider’s stock, valued at approximately $49,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CMTL. Aperio Group LLC bought a new position in Comtech Telecomm. in the 2nd quarter valued at about $111,000. Victory Capital Management Inc. bought a new position in Comtech Telecomm. in the 1st quarter valued at about $235,000. Alambic Investment Management L.P. bought a new position in Comtech Telecomm. in the 1st quarter valued at about $248,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Comtech Telecomm. by 109.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,952 shares of the communications equipment provider’s stock valued at $252,000 after buying an additional 4,668 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Comtech Telecomm. by 3,133.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,700 shares of the communications equipment provider’s stock valued at $273,000 after buying an additional 9,400 shares during the last quarter. 86.91% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:CMTL traded down $0.59 on Friday, hitting $29.85. The stock had a trading volume of 5,019 shares, compared to its average volume of 138,884. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.79. The stock has a market cap of $721.00 million, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 4.06 and a beta of 1.47. Comtech Telecomm. Corp. has a 1 year low of $20.94 and a 1 year high of $36.94. The firm’s fifty day simple moving average is $27.88 and its two-hundred day simple moving average is $25.47.
CMTL has been the subject of several analyst reports. TheStreet upgraded shares of Comtech Telecomm. from a “c+” rating to a “b-” rating in a research note on Monday, June 24th. ValuEngine upgraded shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Zacks Investment Research lowered shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, BidaskClub upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $36.00.
Comtech Telecomm. 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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