Computer Task Group, Incorporated (NASDAQ:CTG) Short Interest Update

Computer Task Group, Incorporated (NASDAQ:CTGGet Rating) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 15,900 shares, a growth of 29.3% from the March 31st total of 12,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is currently 0.6 days.

A number of research analysts have commented on CTG shares. StockNews.com assumed coverage on Computer Task Group in a report on Wednesday, April 27th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Computer Task Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th.

Hedge funds have recently bought and sold shares of the stock. Knightsbridge Asset Management LLC lifted its position in Computer Task Group by 6.0% during the third quarter. Knightsbridge Asset Management LLC now owns 30,110 shares of the information technology services provider’s stock worth $240,000 after purchasing an additional 1,710 shares during the period. Ancora Advisors LLC raised its position in shares of Computer Task Group by 21.6% in the 3rd quarter. Ancora Advisors LLC now owns 165,661 shares of the information technology services provider’s stock valued at $1,322,000 after buying an additional 29,383 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Computer Task Group by 15.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,735 shares of the information technology services provider’s stock worth $110,000 after acquiring an additional 1,839 shares during the period. Lewis Capital Management LLC acquired a new stake in shares of Computer Task Group during the 4th quarter worth approximately $3,541,000. Finally, Millennium Management LLC increased its stake in Computer Task Group by 16.9% in the third quarter. Millennium Management LLC now owns 15,959 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 2,304 shares during the last quarter. 53.00% of the stock is owned by institutional investors and hedge funds.

Shares of CTG traded down $0.27 during mid-day trading on Monday, hitting $9.28. 403 shares of the company’s stock were exchanged, compared to its average volume of 28,195. Computer Task Group has a 52 week low of $6.77 and a 52 week high of $10.40. The stock’s 50-day simple moving average is $9.42 and its 200-day simple moving average is $8.88. The firm has a market cap of $142.36 million, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.69 and a beta of 0.74.

Computer Task Group (NASDAQ:CTGGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The information technology services provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.08. The firm had revenue of $112.39 million for the quarter, compared to analyst estimates of $112.66 million. Computer Task Group had a return on equity of 11.20% and a net margin of 3.50%. During the same quarter last year, the company earned $0.14 EPS. Sell-side analysts forecast that Computer Task Group will post 0.69 earnings per share for the current year.

About Computer Task Group (Get Rating)

Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.

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