Algert Global LLC raised its position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 30.4% during the second quarter, Holdings Channel reports. The fund owned 40,870 shares of the communications equipment provider’s stock after buying an additional 9,520 shares during the period. Algert Global LLC’s holdings in Comtech Telecommunications Corp. were worth $775,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CMTL. State Street Corp increased its stake in shares of Comtech Telecommunications Corp. by 7.1% in the fourth quarter. State Street Corp now owns 540,616 shares of the communications equipment provider’s stock worth $6,403,000 after buying an additional 35,730 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comtech Telecommunications Corp. by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,467,081 shares of the communications equipment provider’s stock worth $17,385,000 after buying an additional 95,520 shares during the last quarter. FMR LLC acquired a new stake in shares of Comtech Telecommunications Corp. during the fourth quarter worth about $486,000. Creative Planning increased its stake in shares of Comtech Telecommunications Corp. by 9.8% in the first quarter. Creative Planning now owns 113,000 shares of the communications equipment provider’s stock worth $1,666,000 after buying an additional 10,100 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Comtech Telecommunications Corp. by 1.0% in the first quarter. Capstone Asset Management Co. now owns 23,282 shares of the communications equipment provider’s stock worth $343,000 after buying an additional 230 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Comtech Telecommunications Corp. (CMTL) opened at 18.22 on Friday. The company’s 50 day moving average is $18.64 and its 200-day moving average is $14.98. Comtech Telecommunications Corp. has a 1-year low of $9.52 and a 1-year high of $19.80. The stock has a market cap of $429.45 million, a PE ratio of 36.66 and a beta of 1.93.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, June 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The company had revenue of $127.80 million for the quarter, compared to analyst estimates of $136.68 million. Comtech Telecommunications Corp. had a net margin of 2.02% and a return on equity of 0.81%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.89) earnings per share. Equities research analysts forecast that Comtech Telecommunications Corp. will post $0.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, July 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.40 annualized dividend and a yield of 2.20%. Comtech Telecommunications Corp.’s dividend payout ratio is presently 80.00%.

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A number of equities research analysts have recently issued reports on CMTL shares. BMO Capital Markets reissued a “buy” rating and set a $17.00 price objective on shares of Comtech Telecommunications Corp. in a research report on Wednesday, June 7th. Jefferies Group LLC reissued a “hold” rating and set a $12.50 price objective on shares of Comtech Telecommunications Corp. in a research report on Thursday, June 8th. Citigroup Inc. boosted their price objective on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, June 9th. Finally, ValuEngine raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Comtech Telecommunications Corp. currently has a consensus rating of “Hold” and a consensus price target of $18.42.

Comtech Telecommunications Corp. Company Profile

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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

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