Barclays PLC Increases Stock Holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Barclays PLC lifted its stake in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 141.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,133 shares of the communications equipment provider’s stock after buying an additional 18,231 shares during the period. Barclays PLC owned about 0.11% of Comtech Telecommunications worth $388,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of Comtech Telecommunications by 402.2% during the second quarter. Captrust Financial Advisors now owns 5,318 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 4,259 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Comtech Telecommunications during the third quarter worth $54,000. Citadel Advisors LLC bought a new stake in Comtech Telecommunications during the second quarter worth $106,000. Cubist Systematic Strategies LLC bought a new stake in Comtech Telecommunications during the third quarter worth $116,000. Finally, BNP Paribas Arbitrage SNC lifted its holdings in Comtech Telecommunications by 49.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 13,512 shares of the communications equipment provider’s stock worth $135,000 after acquiring an additional 4,458 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CMTL. StockNews.com began coverage on Comtech Telecommunications in a report on Thursday, August 17th. They set a “sell” rating on the stock. Citigroup dropped their price target on Comtech Telecommunications from $14.00 to $11.00 in a report on Tuesday, June 27th.

Insider Buying and Selling at Comtech Telecommunications

In related news, CFO Michael Bondi purchased 5,000 shares of Comtech Telecommunications stock in a transaction dated Tuesday, June 13th. The stock was bought at an average cost of $9.29 per share, for a total transaction of $46,450.00. Following the completion of the transaction, the chief financial officer now owns 58,795 shares in the company, valued at $546,205.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Bondi purchased 5,000 shares of Comtech Telecommunications stock in a transaction dated Tuesday, June 13th. The stock was bought at an average cost of $9.29 per share, for a total transaction of $46,450.00. Following the completion of the transaction, the chief financial officer now owns 58,795 shares in the company, valued at $546,205.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ken Allen Peterman purchased 5,400 shares of Comtech Telecommunications stock in a transaction dated Tuesday, June 13th. The stock was bought at an average price of $9.32 per share, with a total value of $50,328.00. Following the completion of the transaction, the chief executive officer now owns 49,400 shares of the company’s stock, valued at approximately $460,408. The disclosure for this purchase can be found here. Insiders have bought a total of 115,133 shares of company stock worth $1,029,178 over the last ninety days. 4.40% of the stock is currently owned by company insiders.

Comtech Telecommunications Stock Performance

Shares of CMTL opened at $9.83 on Wednesday. The firm has a market cap of $274.06 million, a PE ratio of -7.68, a PEG ratio of 2.66 and a beta of 1.68. The stock’s fifty day moving average price is $9.44 and its two-hundred day moving average price is $11.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 0.88. Comtech Telecommunications Corp. has a 1 year low of $8.31 and a 1 year high of $16.87.

Comtech Telecommunications (NASDAQ:CMTL) last issued its earnings results on Thursday, June 8th. The communications equipment provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.49). The firm had revenue of $136.32 million during the quarter, compared to the consensus estimate of $135.85 million. Comtech Telecommunications had a negative net margin of 5.40% and a negative return on equity of 1.25%. On average, equities research analysts forecast that Comtech Telecommunications Corp. will post 0.25 EPS for the current year.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies, such as 911 call handling and mapping solutions that allow cellular carriers and voice over the Internet carriers to deliver emergency calls to public safety emergency call centers.