Teachers Advisors LLC increased its position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 26.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,045 shares of the communications equipment provider’s stock after buying an additional 8,529 shares during the period. Teachers Advisors LLC owned 0.17% of Comtech Telecommunications Corp. worth $779,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its holdings in Comtech Telecommunications Corp. by 3.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock worth $106,000 after buying an additional 210 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Comtech Telecommunications Corp. by 12.3% during the first quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock worth $132,000 after buying an additional 984 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Comtech Telecommunications Corp. by 49.1% during the second quarter. BNP Paribas Arbitrage SA now owns 12,055 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 3,972 shares in the last quarter. Arizona State Retirement System boosted its holdings in Comtech Telecommunications Corp. by 0.8% during the second quarter. Arizona State Retirement System now owns 12,329 shares of the communications equipment provider’s stock worth $234,000 after buying an additional 100 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Comtech Telecommunications Corp. by 7.9% during the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock worth $202,000 after buying an additional 1,010 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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CMTL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, October 4th. BMO Capital Markets reissued a “buy” rating and set a $21.00 price target on shares of Comtech Telecommunications Corp. in a report on Thursday, September 28th. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, September 29th. BidaskClub downgraded shares of Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the company a “buy” rating in a report on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Comtech Telecommunications Corp. has an average rating of “Hold” and an average price target of $19.10.

Comtech Telecommunications Corp. (CMTL) opened at $20.58 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. The stock has a market cap of $485.40, a price-to-earnings ratio of 60.74, a price-to-earnings-growth ratio of 10.07 and a beta of 1.92. Comtech Telecommunications Corp. has a twelve month low of $9.52 and a twelve month high of $22.90.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business had revenue of $147.80 million for the quarter, compared to the consensus estimate of $150.57 million. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. equities research analysts predict that Comtech Telecommunications Corp. will post 0.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, October 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, October 17th. Comtech Telecommunications Corp.’s payout ratio is 59.70%.

Comtech Telecommunications Corp. 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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