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

Royce & Associates LP boosted its stake in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 34.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,325,608 shares of the communications equipment provider’s stock after buying an additional 336,310 shares during the quarter. Royce & Associates LP owned approximately 4.54% of Comtech Telecommunications worth $5,316,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMTL. TCW Group Inc. purchased a new stake in shares of Comtech Telecommunications during the 3rd quarter worth approximately $3,452,000. Geode Capital Management LLC grew its holdings in Comtech Telecommunications by 10.6% during the third quarter. Geode Capital Management LLC now owns 346,840 shares of the communications equipment provider’s stock valued at $1,669,000 after purchasing an additional 33,305 shares during the period. 272 Capital LP purchased a new stake in Comtech Telecommunications in the third quarter worth $94,000. MML Investors Services LLC lifted 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 during the last quarter. Finally, Needham Investment Management LLC grew its stake in shares of Comtech Telecommunications by 17.8% during the 3rd quarter. Needham Investment Management LLC now owns 1,502,500 shares of the communications equipment provider’s stock worth $7,227,000 after acquiring an additional 227,500 shares during the period.

Analyst Ratings Changes

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

Comtech Telecommunications Price Performance

Shares of CMTL stock 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 company’s fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $3.12. The stock has a market capitalization of $56.93 million, a price-to-earnings ratio of -0.20 and a beta of 1.55.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings data on Wednesday, March 12th. The communications equipment provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Comtech Telecommunications had a negative return on equity of 8.76% and a negative net margin of 48.97%. The company had revenue of $126.57 million for the quarter, compared to analysts’ expectations of $117.00 million. Equities research analysts anticipate that Comtech Telecommunications Corp. will post -2.38 EPS 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.