Bank of Montreal Can lessened its stake in Control4 Corp (NASDAQ:CTRL) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,053 shares of the electronics maker’s stock after selling 2,319 shares during the period. Bank of Montreal Can owned 0.06% of Control4 worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Control4 by 35.1% in the third quarter. Bank of New York Mellon Corp now owns 985,858 shares of the electronics maker’s stock worth $29,043,000 after acquiring an additional 256,073 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Control4 by 14.0% in the third quarter. Dimensional Fund Advisors LP now owns 915,412 shares of the electronics maker’s stock worth $26,968,000 after acquiring an additional 112,555 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Control4 by 6.2% in the second quarter. Vanguard Group Inc. now owns 849,627 shares of the electronics maker’s stock worth $16,661,000 after acquiring an additional 49,595 shares in the last quarter. Stifel Financial Corp acquired a new stake in Control4 in the third quarter worth about $12,680,000. Finally, State Street Corp boosted its holdings in Control4 by 20.2% in the second quarter. State Street Corp now owns 341,024 shares of the electronics maker’s stock worth $6,689,000 after acquiring an additional 57,425 shares in the last quarter. Institutional investors own 76.03% of the company’s stock.
Shares of Control4 Corp (NASDAQ:CTRL) opened at $24.80 on Friday. Control4 Corp has a twelve month low of $14.39 and a twelve month high of $35.99. The company has a market capitalization of $640.67, a PE ratio of 27.25, a P/E/G ratio of 2.10 and a beta of -0.60.
Control4 (NASDAQ:CTRL) last released its earnings results on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The firm had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.21 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue was up 19.1% compared to the same quarter last year. research analysts predict that Control4 Corp will post 0.79 earnings per share for the current fiscal year.
Control4 announced that its board has approved a share buyback program on Thursday, February 8th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the electronics maker to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
In related news, CFO Mark Novakovich sold 28,302 shares of Control4 stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $24.97, for a total transaction of $706,700.94. Following the completion of the sale, the chief financial officer now owns 47,235 shares of the company’s stock, valued at $1,179,457.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Greg Bishop sold 17,574 shares of Control4 stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $24.96, for a total value of $438,647.04. Following the sale, the insider now directly owns 14,295 shares of the company’s stock, valued at approximately $356,803.20. The disclosure for this sale can be found here. Insiders have sold 150,959 shares of company stock valued at $4,033,859 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.
Several equities research analysts have weighed in on the company. Dougherty & Co reissued a “neutral” rating on shares of Control4 in a report on Monday, February 12th. Maxim Group raised Control4 from a “hold” rating to a “buy” rating and raised their price target for the stock from $33.00 to $36.00 in a report on Friday, February 9th. Zacks Investment Research raised Control4 from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 14th. BidaskClub downgraded Control4 from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. Finally, Imperial Capital raised their price target on Control4 from $28.00 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.67.
WARNING: “Bank of Montreal Can Has $447,000 Holdings in Control4 Corp (CTRL)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2018/02/23/bank-of-montreal-can-has-447000-holdings-in-control4-corp-ctrl.html.
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.
Want to see what other hedge funds are holding CTRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Control4 Corp (NASDAQ:CTRL).
Receive News & Ratings for Control4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 and related companies with MarketBeat.com's FREE daily email newsletter.