Numeric Investors LLC Acquires Shares of 34,800 Control4 Corporation (NASDAQ:CTRL)

Numeric Investors LLC bought a new stake in Control4 Corporation (NASDAQ:CTRL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,800 shares of the electronics maker’s stock, valued at approximately $682,000. Numeric Investors LLC owned about 0.14% of Control4 Corporation at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CTRL. Russell Investments Group Ltd. boosted its holdings in Control4 Corporation by 32.9% in the first quarter. Russell Investments Group Ltd. now owns 72,332 shares of the electronics maker’s stock valued at $1,142,000 after acquiring an additional 17,892 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Control4 Corporation by 332.8% in the first quarter. Wells Fargo & Company MN now owns 57,225 shares of the electronics maker’s stock valued at $904,000 after acquiring an additional 44,002 shares during the last quarter. First Trust Advisors LP raised its position in Control4 Corporation by 2.6% in the first quarter. First Trust Advisors LP now owns 34,024 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 873 shares during the period. Bank of New York Mellon Corp raised its position in Control4 Corporation by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 98,864 shares of the electronics maker’s stock valued at $1,561,000 after purchasing an additional 10,814 shares during the period. Finally, American International Group Inc. raised its position in Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 822 shares during the period. Hedge funds and other institutional investors own 74.23% of the company’s stock.

In other news, CFO Mark Novakovich sold 2,168 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $49,582.16. Following the sale, the chief financial officer now directly owns 18,495 shares of the company’s stock, valued at approximately $422,980.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Born sold 2,356 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following the transaction, the director now directly owns 15,433 shares in the company, valued at $348,014.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,546 shares of company stock worth $194,603. Insiders own 6.10% of the company’s stock.

Shares of Control4 Corporation (NASDAQ CTRL) opened at 28.43 on Friday. Control4 Corporation has a one year low of $9.97 and a one year high of $30.83. The company has a 50-day moving average price of $28.46 and a 200 day moving average price of $22.13. The company has a market capitalization of $706.63 million, a price-to-earnings ratio of 69.34 and a beta of -0.57.

Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a net margin of 4.70% and a return on equity of 10.77%. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.70 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts forecast that Control4 Corporation will post $1.04 EPS for the current fiscal year.

Several research analysts have commented on the company. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, August 9th. Cowen and Company raised Control4 Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $22.00 to $30.00 in a research report on Friday, September 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective (up from $22.00) on shares of Control4 Corporation in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Control4 Corporation currently has a consensus r

A number of other institutional investors have also recently modified their holdings of CTRL. Russell Investments Group Ltd. boosted its holdings in Control4 Corporation by 32.9% in the first quarter. Russell Investments Group Ltd. now owns 72,332 shares of the electronics maker’s stock valued at $1,142,000 after acquiring an additional 17,892 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Control4 Corporation by 332.8% in the first quarter. Wells Fargo & Company MN now owns 57,225 shares of the electronics maker’s stock valued at $904,000 after acquiring an additional 44,002 shares during the last quarter. First Trust Advisors LP raised its position in Control4 Corporation by 2.6% in the first quarter. First Trust Advisors LP now owns 34,024 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 873 shares during the period. Bank of New York Mellon Corp raised its position in Control4 Corporation by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 98,864 shares of the electronics maker’s stock valued at $1,561,000 after purchasing an additional 10,814 shares during the period. Finally, American International Group Inc. raised its position in Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 822 shares during the period. Hedge funds and other institutional investors own 74.23% of the company’s stock.

In other news, CFO Mark Novakovich sold 2,168 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $49,582.16. Following the sale, the chief financial officer now directly owns 18,495 shares of the company’s stock, valued at approximately $422,980.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Born sold 2,356 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following the transaction, the director now directly owns 15,433 shares in the company, valued at $348,014.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,546 shares of company stock worth $194,603. Insiders own 6.10% of the company’s stock.

Shares of Control4 Corporation (NASDAQ CTRL) opened at 28.43 on Friday. Control4 Corporation has a one year low of $9.97 and a one year high of $30.83. The company has a 50-day moving average price of $28.46 and a 200 day moving average price of $22.13. The company has a market capitalization of $706.63 million, a price-to-earnings ratio of 69.34 and a beta of -0.57.

Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a net margin of 4.70% and a return on equity of 10.77%. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.70 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts forecast that Control4 Corporation will post $1.04 EPS for the current fiscal year.

Several research analysts have commented on the company. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, August 9th. Cowen and Company raised Control4 Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $22.00 to $30.00 in a research report on Friday, September 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective (up from $22.00) on shares of Control4 Corporation in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Control4 Corporation currently has a consensus rating of “Buy” and a consensus price target of $21.88.

TRADEMARK VIOLATION WARNING: “Numeric Investors LLC Acquires Shares of 34,800 Control4 Corporation (NASDAQ:CTRL)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/22/numeric-investors-llc-invests-682000-in-control4-corporation-ctrl.html.

About Control4 Corporation

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.

Institutional Ownership by Quarter for Control4 Corporation (NASDAQ:CTRL)

Receive News & Ratings for Control4 Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply