Public Employees Retirement System of Ohio Has $73,000 Stake in Comtech Telecomm. Corp. (CMTL)

Public Employees Retirement System of Ohio lowered its position in shares of Comtech Telecomm. Corp. (NASDAQ:CMTL) by 19.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,998 shares of the communications equipment provider’s stock after selling 730 shares during the period. Public Employees Retirement System of Ohio’s holdings in Comtech Telecomm. were worth $73,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMTL. Millennium Management LLC boosted its holdings in Comtech Telecomm. by 82.2% in the fourth quarter. Millennium Management LLC now owns 127,868 shares of the communications equipment provider’s stock worth $3,112,000 after purchasing an additional 57,683 shares during the period. Legal & General Group Plc boosted its holdings in Comtech Telecomm. by 1.0% in the fourth quarter. Legal & General Group Plc now owns 50,602 shares of the communications equipment provider’s stock worth $1,224,000 after purchasing an additional 514 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Comtech Telecomm. by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,921 shares of the communications equipment provider’s stock worth $412,000 after purchasing an additional 372 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Comtech Telecomm. in the fourth quarter worth $721,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Comtech Telecomm. by 434.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the communications equipment provider’s stock worth $194,000 after purchasing an additional 6,479 shares during the period. Institutional investors own 87.37% of the company’s stock.

A number of equities analysts have commented on CMTL shares. Noble Financial reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Comtech Telecomm. in a report on Wednesday, March 13th. BidaskClub downgraded shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a 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. Finally, Zacks Investment Research raised shares of Comtech Telecomm. from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.80.

Shares of CMTL opened at $23.65 on Friday. 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 $570.67 million, a PE ratio of 31.53, a PEG ratio of 4.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.53.

Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. Comtech Telecomm. had a net margin of 4.21% and a return on equity of 6.56%. The company had revenue of $164.10 million during the quarter, compared to the consensus estimate of $159.96 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts anticipate that Comtech Telecomm. Corp. will post 1.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Wednesday, April 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, April 16th. Comtech Telecomm.’s dividend payout ratio (DPR) is 53.33%.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2019/04/20/public-employees-retirement-system-of-ohio-has-73000-stake-in-comtech-telecomm-corp-cmtl.html.

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.

Further Reading: What is a balanced fund?

Want to see what other hedge funds are holding CMTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comtech Telecomm. Corp. (NASDAQ:CMTL).

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

Receive News & Ratings for Comtech Telecomm. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. and related companies with MarketBeat.com's FREE daily email newsletter.