Teton Advisors Inc. decreased its holdings in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL – Free Report) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,000 shares of the communications equipment provider’s stock after selling 25,000 shares during the period. Teton Advisors Inc.’s holdings in Comtech Telecommunications were worth $877,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Oxford Asset Management LLP bought a new stake in Comtech Telecommunications during the fourth quarter worth about $105,000. SG Americas Securities LLC bought a new stake in Comtech Telecommunications during the third quarter worth about $125,000. Bailard Inc. bought a new stake in Comtech Telecommunications during the third quarter worth about $147,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Comtech Telecommunications in the fourth quarter worth about $187,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Comtech Telecommunications in the fourth quarter worth about $189,000.
Comtech Telecommunications Stock Up 3.8 %
Shares of CMTL traded up $0.07 during trading hours on Thursday, hitting $1.91. The company had a trading volume of 252,993 shares, compared to its average volume of 527,474. The firm has a market cap of $54.38 million, a P/E ratio of -1.08, a P/E/G ratio of 1.68 and a beta of 1.57. The stock’s 50 day moving average price is $3.78 and its 200 day moving average price is $7.37. Comtech Telecommunications Corp. has a 52-week low of $1.53 and a 52-week high of $13.04.
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.
Further Reading
- Five stocks we like better than Comtech Telecommunications
- What is the S&P/TSX Index?
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Want to see what other hedge funds are holding CMTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comtech Telecommunications Corp. (NASDAQ:CMTL – Free Report).
Receive News & Ratings for Comtech Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.