Royce & Associates LP Raises Position in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Royce & Associates LP raised its holdings in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 34.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,325,608 shares of the communications equipment provider’s stock after acquiring an additional 336,310 shares during the period. Royce & Associates LP’s holdings in Comtech Telecommunications were worth $5,316,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TCW Group Inc. bought a new stake in shares of Comtech Telecommunications during the 3rd quarter valued at about $3,452,000. Needham Investment Management LLC lifted its position in 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 valued at $7,227,000 after purchasing an additional 227,500 shares during the last quarter. Penn Mutual Asset Management grew its stake in Comtech Telecommunications by 62.7% in the 3rd quarter. Penn Mutual Asset Management now owns 332,004 shares of the communications equipment provider’s stock worth $1,597,000 after buying an additional 128,000 shares in the last quarter. Nkcfo LLC bought a new position in shares of Comtech Telecommunications in the 4th quarter worth $401,000. Finally, MML Investors Services LLC raised its position in shares of Comtech Telecommunications by 39.5% during the 3rd quarter. MML Investors Services LLC now owns 176,128 shares of the communications equipment provider’s stock valued at $847,000 after buying an additional 49,861 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd.

Comtech Telecommunications Price Performance

Shares of CMTL opened at $1.94 on Thursday. Comtech Telecommunications Corp. has a 1 year low of $1.53 and a 1 year high of $5.16. The stock has a 50 day simple moving average of $2.22 and a two-hundred day simple moving average of $3.12. The firm has a market cap of $56.93 million, a P/E ratio of -0.20 and a beta of 1.55.

Comtech Telecommunications (NASDAQ:CMTL) last released its earnings results on Wednesday, March 12th. The communications equipment provider reported ($0.39) 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 the consensus estimate 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 analysts anticipate that Comtech Telecommunications Corp. will post -2.38 earnings per share for the current 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.