15,000 Shares in Comtech Telecommunications Corp. (NASDAQ:CMTL) Acquired by Cetera Investment Advisers

Cetera Investment Advisers bought a new position in Comtech Telecommunications Corp. (NASDAQ:CMTL) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 15,000 shares of the communications equipment provider’s stock, valued at approximately $60,000. Cetera Investment Advisers owned approximately 0.05% of Comtech Telecommunications as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bridgeway Capital Management LLC raised its position in Comtech Telecommunications by 40.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 70,000 shares of the communications equipment provider’s stock worth $281,000 after buying an additional 20,000 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Comtech Telecommunications by 12.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,339,842 shares of the communications equipment provider’s stock worth $5,373,000 after buying an additional 143,225 shares during the last quarter. Bank of America Corp DE raised its position in Comtech Telecommunications by 7.9% during the 4th quarter. Bank of America Corp DE now owns 109,194 shares of the communications equipment provider’s stock worth $438,000 after buying an additional 8,006 shares during the last quarter. Jane Street Group LLC raised its position in Comtech Telecommunications by 189.3% during the 4th quarter. Jane Street Group LLC now owns 57,920 shares of the communications equipment provider’s stock worth $232,000 after buying an additional 37,896 shares during the last quarter. Finally, Northern Trust Corp raised its position in Comtech Telecommunications by 13.8% during the 4th quarter. Northern Trust Corp now owns 91,225 shares of the communications equipment provider’s stock worth $366,000 after buying an additional 11,062 shares during the last quarter.

Comtech Telecommunications Price Performance

NASDAQ:CMTL opened at $2.15 on Tuesday. The company has a 50 day moving average price of $1.60 and a 200-day moving average price of $2.36. Comtech Telecommunications Corp. has a 1-year low of $1.19 and a 1-year high of $5.16. The firm has a market cap of $63.10 million, a price-to-earnings ratio of -0.22 and a beta of 1.00.

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

About Comtech Telecommunications

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.