New York State Common Retirement Fund lifted its position in shares of Control4 Corporation (NASDAQ:CTRL) by 42.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the electronics maker’s stock after buying an additional 7,999 shares during the period. New York State Common Retirement Fund owned about 0.11% of Control4 Corporation worth $529,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CTRL. Bank of New York Mellon Corp boosted its position in shares of Control4 Corporation by 638.2% during the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock worth $14,311,000 after buying an additional 630,921 shares during the period. Renaissance Technologies LLC boosted its position in shares of Control4 Corporation by 135.8% during the first quarter. Renaissance Technologies LLC now owns 614,700 shares of the electronics maker’s stock worth $9,706,000 after buying an additional 354,000 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Control4 Corporation during the second quarter worth about $4,519,000. Dimensional Fund Advisors LP boosted its position in Control4 Corporation by 110.7% during the first quarter. Dimensional Fund Advisors LP now owns 400,649 shares of the electronics maker’s stock valued at $6,326,000 after purchasing an additional 210,530 shares during the last quarter. Finally, Nicholas Company Inc. acquired a new position in Control4 Corporation during the second quarter valued at approximately $2,899,000. 74.15% of the stock is owned by institutional investors.
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Several brokerages recently commented on CTRL. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target (up from $22.00) on shares of Control4 Corporation in a research report on Wednesday, August 9th. Cowen and Company set a $22.00 target price on Control4 Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded Control4 Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Maxim Group restated a “hold” rating and set a $33.00 price objective on shares of Control4 Corporation in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Control4 Corporation from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.50.
Shares of Control4 Corporation (CTRL) opened at $31.84 on Monday. Control4 Corporation has a twelve month low of $10.08 and a twelve month high of $34.10. The firm has a market capitalization of $804.48, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 3.11 and a beta of -0.57.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 Corporation had a return on equity of 11.63% and a net margin of 5.96%. The company had revenue of $64.70 million for the quarter, compared to the consensus estimate of $63.59 million. During the same quarter last year, the business posted $0.26 EPS. Control4 Corporation’s revenue for the quarter was up 17.2% on a year-over-year basis. equities research analysts predict that Control4 Corporation will post 0.68 earnings per share for the current year.
In other Control4 Corporation news, CEO Martin Plaehn sold 222,000 shares of Control4 Corporation stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $32.25, for a total transaction of $7,159,500.00. Following the transaction, the chief executive officer now directly owns 169,257 shares of the company’s stock, valued at approximately $5,458,538.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan Cashen sold 1,768 shares of Control4 Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 345,327 shares of company stock worth $11,168,839. 6.10% of the stock is currently owned by company insiders.
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.
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