ClariVest Asset Management LLC lifted its stake in Control4 Corporation (NASDAQ:CTRL) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,931 shares of the electronics maker’s stock after purchasing an additional 4,550 shares during the quarter. ClariVest Asset Management LLC owned about 0.39% of Control4 worth $2,885,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CTRL. Commonwealth Equity Services Inc acquired a new stake in Control4 in the 3rd quarter valued at $216,000. Russell Investments Group Ltd. boosted its stake in Control4 by 58.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 95,657 shares of the electronics maker’s stock worth $2,818,000 after purchasing an additional 35,365 shares during the last quarter. Comerica Bank acquired a new stake in Control4 during the 3rd quarter worth $594,000. Bank of New York Mellon Corp boosted its stake in Control4 by 35.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 985,858 shares of the electronics maker’s stock worth $29,043,000 after purchasing an additional 256,073 shares during the last quarter. Finally, Wellington Shields Capital Management LLC boosted its stake in Control4 by 11.4% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 34,100 shares of the electronics maker’s stock worth $1,005,000 after purchasing an additional 3,500 shares during the last quarter. 77.34% of the stock is owned by institutional investors.
Shares of Control4 Corporation (NASDAQ CTRL) traded up $0.17 during midday trading on Wednesday, reaching $30.61. The company’s stock had a trading volume of 370,441 shares, compared to its average volume of 495,100. Control4 Corporation has a one year low of $10.08 and a one year high of $35.99. The stock has a market capitalization of $778.97, a PE ratio of 47.43, a P/E/G ratio of 3.01 and a beta of -0.51.
Control4 (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The business had revenue of $64.70 million during the quarter, compared to analysts’ expectations of $63.59 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. equities analysts anticipate that Control4 Corporation will post 0.68 EPS for the current fiscal year.
CTRL has been the topic of several analyst reports. Maxim Group reiterated a “hold” rating and set a $33.00 price target on shares of Control4 in a report on Friday, November 3rd. UBS lowered shares of Control4 from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Control4 in a research note on Friday, November 3rd. Finally, Cowen set a $30.00 price target on shares of Control4 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Control4 presently has an average rating of “Buy” and a consensus price target of $25.50.
In other Control4 news, CEO Martin Plaehn sold 117,137 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $33.02, for a total value of $3,867,863.74. Following the sale, the chief executive officer now owns 169,257 shares of the company’s stock, valued at $5,588,866.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Greg Bishop sold 2,254 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the sale, the insider now directly owns 15,961 shares in the company, valued at approximately $525,116.90. The disclosure for this sale can be found here. Insiders sold 360,766 shares of company stock valued at $11,761,260 in the last quarter. 6.10% of the stock is currently owned by company insiders.
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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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