Skylands Capital LLC reduced its stake in shares of Control4 Corp (NASDAQ:CTRL) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,400 shares of the electronics maker’s stock after selling 24,100 shares during the period. Skylands Capital LLC owned 0.56% of Control4 worth $4,208,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Control4 by 638.2% in the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock valued at $14,311,000 after buying an additional 630,921 shares during the period. Stifel Financial Corp purchased a new position in Control4 in the third quarter valued at approximately $12,680,000. Dimensional Fund Advisors LP raised its holdings in Control4 by 100.4% in the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock valued at $15,744,000 after buying an additional 402,208 shares during the period. Renaissance Technologies LLC raised its holdings in Control4 by 38.3% in the second quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock valued at $16,676,000 after buying an additional 235,700 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in Control4 in the third quarter valued at approximately $4,540,000. Institutional investors and hedge funds own 77.34% of the company’s stock.
In other news, CEO Martin Plaehn sold 117,137 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $33.02, for a total transaction of $3,867,863.74. Following the completion of 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 this link. Also, insider Greg Bishop sold 2,254 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total transaction of $74,156.60. Following the sale, the insider now directly owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The disclosure for this sale can be found here. Insiders sold 389,534 shares of company stock valued at $12,639,835 in the last ninety days. 6.10% of the stock is owned by corporate insiders.
Shares of Control4 Corp (NASDAQ:CTRL) opened at $30.35 on Wednesday. Control4 Corp has a 1 year low of $10.67 and a 1 year high of $35.99. The stock has a market cap of $770.63, a P/E ratio of 57.27, a price-to-earnings-growth ratio of 2.51 and a beta of -0.51.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The company had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. During the same quarter last year, the company earned $0.26 earnings per share. Control4’s revenue for the quarter was up 17.2% on a year-over-year basis. research analysts predict that Control4 Corp will post 0.68 earnings per share for the current fiscal year.
Several research firms recently commented on CTRL. Cowen restated a “buy” rating on shares of Control4 in a report on Tuesday, January 9th. BidaskClub lowered shares of Control4 from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Control4 from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Maxim Group restated a “hold” rating and issued a $33.00 price target on shares of Control4 in a report on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Control4 in a report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $25.50.
Control4 Company Profile
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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