D.A. Davidson & CO. Makes New Investment in Comtech Telecommunications Corp. (NASDAQ:CMTL)

D.A. Davidson & CO. acquired a new position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTLFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,380 shares of the communications equipment provider’s stock, valued at approximately $189,000. D.A. Davidson & CO. owned about 0.08% of Comtech Telecommunications as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CMTL. First Eagle Investment Management LLC grew its holdings in Comtech Telecommunications by 41.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 406,493 shares of the communications equipment provider’s stock worth $3,557,000 after acquiring an additional 119,814 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Comtech Telecommunications by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 527,106 shares of the communications equipment provider’s stock worth $4,612,000 after acquiring an additional 21,431 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Comtech Telecommunications by 15.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 499,219 shares of the communications equipment provider’s stock worth $4,368,000 after acquiring an additional 67,775 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in Comtech Telecommunications during the 3rd quarter worth about $8,295,000. Finally, Kennedy Capital Management LLC grew its holdings in Comtech Telecommunications by 1,170.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 631,552 shares of the communications equipment provider’s stock worth $5,526,000 after acquiring an additional 581,850 shares during the last quarter.

Comtech Telecommunications Trading Up 2.9 %

Comtech Telecommunications stock opened at $2.49 on Friday. Comtech Telecommunications Corp. has a 1 year low of $1.53 and a 1 year high of $13.04. The company has a market cap of $70.90 million, a PE ratio of -1.46, a PEG ratio of 2.16 and a beta of 1.57. The company’s 50-day moving average is $2.31 and its two-hundred day moving average is $5.90.

Comtech Telecommunications (NASDAQ:CMTLGet Free Report) last released its earnings results on Monday, March 18th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.45). Comtech Telecommunications had a negative net margin of 4.02% and a negative return on equity of 0.25%. The business had revenue of $134.23 million for the quarter, compared to analyst estimates of $152.85 million. Research analysts forecast that Comtech Telecommunications Corp. will post 0.14 EPS for the current year.

About Comtech Telecommunications

(Free Report)

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.

Further Reading

Institutional Ownership by Quarter for Comtech Telecommunications (NASDAQ:CMTL)

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