Marshall Wace LLP Makes New Investment in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Marshall Wace LLP bought a new stake in Comtech Telecommunications Corp. (NASDAQ:CMTL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,917 shares of the communications equipment provider’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Barclays PLC lifted its stake in Comtech Telecommunications by 39.0% in the 4th quarter. Barclays PLC now owns 42,425 shares of the communications equipment provider’s stock worth $171,000 after acquiring an additional 11,908 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in Comtech Telecommunications in the 4th quarter worth approximately $68,000. Jump Financial LLC purchased a new position in shares of Comtech Telecommunications during the 4th quarter valued at $91,000. Walleye Capital LLC acquired a new position in shares of Comtech Telecommunications in the fourth quarter worth $121,000. Finally, Geode Capital Management LLC raised its holdings in shares of Comtech Telecommunications by 10.6% during the third quarter. Geode Capital Management LLC now owns 346,840 shares of the communications equipment provider’s stock worth $1,669,000 after acquiring an additional 33,305 shares in the last quarter.

Comtech Telecommunications Price Performance

CMTL opened at $1.41 on Wednesday. The company has a market capitalization of $41.23 million, a PE ratio of -0.14 and a beta of 1.00. Comtech Telecommunications Corp. has a fifty-two week low of $1.19 and a fifty-two week high of $5.16. The business has a 50-day moving average of $1.59 and a 200-day moving average of $2.53.

Comtech Telecommunications (NASDAQ:CMTL) last posted its earnings results on Wednesday, March 12th. The communications equipment provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). The business had revenue of $126.57 million during the quarter, compared to analyst estimates of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. On average, equities research analysts expect that Comtech Telecommunications Corp. will post -2.38 earnings per share for the current fiscal year.

Comtech Telecommunications Profile

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.