10127 Shares in Comtech Telecomm. Corp. (NASDAQ:CMTL) Purchased by Victory Capital …

WINTON GROUP Ltd lifted its position in shares of Comtech Telecomm. by 1,439.9% during the 4th quarter. WINTON GROUP Ltd now owns 149,966 …

Comtech Telecomm. logoVictory Capital Management Inc. bought a new stake in shares of Comtech Telecomm. Corp. (NASDAQ:CMTL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,127 shares of the communications equipment provider’s stock, valued at approximately $235,000.

Several other institutional investors also recently added to or reduced their stakes in CMTL. WINTON GROUP Ltd lifted its position in shares of Comtech Telecomm. by 1,439.9% during the 4th quarter. WINTON GROUP Ltd now owns 149,966 shares of the communications equipment provider’s stock valued at $3,650,000 after acquiring an additional 140,227 shares during the period. BlackRock Inc. lifted its position in shares of Comtech Telecomm. by 3.2% during the 4th quarter. BlackRock Inc. now owns 3,637,049 shares of the communications equipment provider’s stock valued at $88,526,000 after acquiring an additional 111,215 shares during the period. Ceredex Value Advisors LLC lifted its position in shares of Comtech Telecomm. by 22.9% during the 4th quarter. Ceredex Value Advisors LLC now owns 554,866 shares of the communications equipment provider’s stock valued at $13,506,000 after acquiring an additional 103,266 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of Comtech Telecomm. by 19.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 483,647 shares of the communications equipment provider’s stock valued at $11,772,000 after acquiring an additional 79,868 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of Comtech Telecomm. by 46.7% during the 1st quarter. Foundry Partners LLC now owns 233,435 shares of the communications equipment provider’s stock valued at $5,420,000 after acquiring an additional 74,335 shares during the period. Institutional investors own 86.91% of the company’s stock.

CMTL has been the topic of a number of research reports. BidaskClub downgraded shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. ValuEngine downgraded shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Noble Financial restated a “buy” rating and set a $38.00 price objective on shares of Comtech Telecomm. in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.00.

CMTL opened at $28.28 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.79. Comtech Telecomm. Corp. has a 1-year low of $20.94 and a 1-year high of $36.94. The firm has a market cap of $655.34 million, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 4.45 and a beta of 1.30.

Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.21. The firm had revenue of $170.40 million for the quarter, compared to the consensus estimate of $162.30 million. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, equities research analysts anticipate that Comtech Telecomm. Corp. will post 1.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Wednesday, July 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Comtech Telecomm.’s dividend payout ratio is currently 53.33%.

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Comtech Telecomm. Company Profile

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company’s Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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Institutional Ownership by Quarter for Comtech Telecomm. (NASDAQ:CMTL)

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