Pacific Ridge Capital Partners LLC Has $791,000 Holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Pacific Ridge Capital Partners LLC grew its position in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 7.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 494,174 shares of the communications equipment provider’s stock after acquiring an additional 34,544 shares during the period. Pacific Ridge Capital Partners LLC owned 1.68% of Comtech Telecommunications worth $791,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in Comtech Telecommunications in the 4th quarter valued at approximately $297,000. Barclays PLC grew its stake in shares of Comtech Telecommunications by 39.0% in the fourth quarter. Barclays PLC now owns 42,425 shares of the communications equipment provider’s stock worth $171,000 after purchasing an additional 11,908 shares during the last quarter. Walleye Capital LLC acquired a new stake in Comtech Telecommunications in the fourth quarter valued at $121,000. Jump Financial LLC bought a new position in Comtech Telecommunications during the 4th quarter worth $91,000. Finally, Gamco Investors INC. ET AL acquired a new position in Comtech Telecommunications during the 4th quarter worth about $68,000.

Comtech Telecommunications Stock Performance

NASDAQ:CMTL opened at $2.05 on Friday. Comtech Telecommunications Corp. has a fifty-two week low of $1.19 and a fifty-two week high of $5.16. The company has a 50 day simple moving average of $2.33 and a two-hundred day simple moving average of $2.01. The company has a market capitalization of $60.26 million, a PE ratio of -0.20 and a beta of 1.24.

Comtech Telecommunications (NASDAQ:CMTL) last posted its quarterly earnings data on Monday, June 9th. The communications equipment provider reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.08. Comtech Telecommunications had a negative net margin of 51.28% and a negative return on equity of 15.38%. The company had revenue of $126.79 million for the quarter, compared to analyst estimates of $124.12 million. Research analysts predict that Comtech Telecommunications Corp. will post -2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley decreased their price target on Comtech Telecommunications from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, June 10th.

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.