Numeric Investors LLC Invests $682,000 in Control4 Corporation (CTRL)

Numeric Investors LLC acquired a new stake in Control4 Corporation (NASDAQ:CTRL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,800 shares of the electronics maker’s stock, valued at approximately $682,000. Numeric Investors LLC owned 0.14% of Control4 Corporation at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CTRL. Russell Investments Group Ltd. raised its position in shares of Control4 Corporation by 32.9% in the first quarter. Russell Investments Group Ltd. now owns 72,332 shares of the electronics maker’s stock valued at $1,142,000 after purchasing an additional 17,892 shares during the period. Wells Fargo & Company MN raised its position in shares of Control4 Corporation by 332.8% in the first quarter. Wells Fargo & Company MN now owns 57,225 shares of the electronics maker’s stock valued at $904,000 after purchasing an additional 44,002 shares during the period. First Trust Advisors LP raised its position in shares of Control4 Corporation by 2.6% in the first quarter. First Trust Advisors LP now owns 34,024 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 873 shares during the period. Bank of New York Mellon Corp raised its position in shares of Control4 Corporation by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 98,864 shares of the electronics maker’s stock valued at $1,561,000 after purchasing an additional 10,814 shares during the period. Finally, American International Group Inc. raised its position in shares of Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 822 shares during the period. 74.27% of the stock is currently owned by institutional investors.

Control4 Corporation (CTRL) opened at 30.49 on Friday. The company has a market capitalization of $757.83 million, a price-to-earnings ratio of 74.37 and a beta of -0.57. Control4 Corporation has a 52-week low of $9.97 and a 52-week high of $30.83. The company’s 50-day moving average is $27.57 and its 200-day moving average is $21.55.

Control4 Corporation (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The firm had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $60.70 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. On average, analysts expect that Control4 Corporation will post $1.04 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on CTRL. Zacks Investment Research lowered shares of Control4 Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Control4 Corporation in a research report on Monday, September 11th. Cowen and Company raised shares of Control4 Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $22.00 to $30.00 in a research report on Friday, September 8th. Finally, BidaskClub lowered shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.88.

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In other news, insider Greg Bishop sold 2,254 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $22.83, for a total transaction of $51,458.82. Following the sale, the insider now directly owns 14,295 shares in the company, valued at $326,354.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Susan Cashen sold 1,768 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,546 shares of company stock worth $194,603. Company insiders own 6.10% of the company’s stock.

About Control4 Corporation

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.

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Institutional Ownership by Quarter for Control4 Corporation (NASDAQ:CTRL)

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