Nkcfo LLC Acquires Shares of 100,000 Comtech Telecommunications Corp. (NASDAQ:CMTL)

Nkcfo LLC acquired a new position in Comtech Telecommunications Corp. (NASDAQ:CMTL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the communications equipment provider’s stock, valued at approximately $401,000. Nkcfo LLC owned approximately 0.34% of Comtech Telecommunications at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd bought a new stake in shares of Comtech Telecommunications during the 3rd quarter valued at $28,000. Royce & Associates LP bought a new position in shares of Comtech Telecommunications in the 3rd quarter worth approximately $4,759,000. 272 Capital LP bought a new stake in Comtech Telecommunications during the third quarter valued at about $94,000. B. Riley Financial Inc. bought a new position in shares of Comtech Telecommunications in the third quarter worth approximately $155,000. Finally, Needham Investment Management LLC grew its position in shares of Comtech Telecommunications by 17.8% during the third quarter. Needham Investment Management LLC now owns 1,502,500 shares of the communications equipment provider’s stock worth $7,227,000 after purchasing an additional 227,500 shares in the last quarter.

Comtech Telecommunications Trading Up 4.0 %

Shares of CMTL opened at $2.33 on Friday. The firm has a market cap of $67.97 million, a P/E ratio of -0.24 and a beta of 1.46. The stock’s 50 day moving average is $3.07 and its two-hundred day moving average is $3.31. Comtech Telecommunications Corp. has a 12 month low of $1.53 and a 12 month high of $7.28.

Comtech Telecommunications (NASDAQ:CMTL) last announced its quarterly earnings data on Monday, January 13th. The communications equipment provider reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.88). Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. Equities research analysts forecast that Comtech Telecommunications Corp. will post -2.38 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMTL. B. Riley reduced their price target on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research report on Monday, November 4th. StockNews.com raised Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd.

Comtech Telecommunications Company 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.