Dimensional Fund Advisors LP decreased its stake in shares of Communications Systems, Inc. (NASDAQ:JCS) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,489 shares of the communications equipment provider’s stock after selling 27,426 shares during the quarter. Dimensional Fund Advisors LP owned about 5.47% of Communications Systems worth $1,829,000 at the end of the most recent quarter.
Separately, Renaissance Technologies LLC raised its stake in Communications Systems by 10.1% during the fourth quarter. Renaissance Technologies LLC now owns 435,200 shares of the communications equipment provider’s stock valued at $1,549,000 after buying an additional 40,000 shares during the last quarter. 31.57% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded Communications Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.
Shares of Communications Systems opened at $3.43 on Friday, MarketBeat Ratings reports. The firm has a market cap of $34.47 million, a price-to-earnings ratio of -22.87 and a beta of 0.73. Communications Systems, Inc. has a 12-month low of $3.18 and a 12-month high of $4.79.
Communications Systems (NASDAQ:JCS) last announced its quarterly earnings data on Monday, May 14th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $16.77 million for the quarter. Communications Systems had a negative net margin of 15.04% and a negative return on equity of 22.32%. equities research analysts forecast that Communications Systems, Inc. will post -0.79 EPS for the current fiscal year.
Communications Systems Company Profile
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name.
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