Control4 Corp (NASDAQ:CTRL) Shares Sold by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC trimmed its holdings in Control4 Corp (NASDAQ:CTRL) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,015 shares of the electronics maker’s stock after selling 625 shares during the period. Stone Ridge Asset Management LLC owned about 0.08% of Control4 worth $370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Control4 by 6.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,890 shares of the electronics maker’s stock valued at $192,000 after purchasing an additional 633 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Control4 by 6.4% in the 4th quarter. Texas Permanent School Fund now owns 17,477 shares of the electronics maker’s stock valued at $308,000 after acquiring an additional 1,057 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Control4 by 11.8% in the 4th quarter. New York State Teachers Retirement System now owns 16,251 shares of the electronics maker’s stock valued at $286,000 after acquiring an additional 1,717 shares during the last quarter. Flinton Capital Management LLC bought a new stake in shares of Control4 in the 4th quarter valued at approximately $31,000. Finally, Neuburgh Advisers LLC bought a new stake in shares of Control4 in the 4th quarter valued at approximately $37,000. 84.63% of the stock is currently owned by institutional investors.

In other news, CFO Mark Novakovich sold 9,400 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $167,602.00. Following the completion of the transaction, the chief financial officer now owns 9,935 shares of the company’s stock, valued at $177,141.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan Cashen sold 5,022 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $18.12, for a total value of $90,998.64. Following the completion of the transaction, the senior vice president now directly owns 5,022 shares of the company’s stock, valued at approximately $90,998.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,764 shares of company stock valued at $318,189. 2.90% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on CTRL. Zacks Investment Research downgraded Control4 from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. ValuEngine downgraded Control4 from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 5th. Roth Capital set a $24.00 price target on Control4 and gave the company a “buy” rating in a report on Tuesday, February 5th. Raymond James downgraded Control4 from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 15th. Finally, BidaskClub downgraded Control4 from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.86.

CTRL traded up $0.03 during trading on Friday, reaching $17.35. 122,068 shares of the company were exchanged, compared to its average volume of 190,134. The company has a market cap of $461.80 million, a P/E ratio of 18.07, a PEG ratio of 2.32 and a beta of 0.89. Control4 Corp has a 52 week low of $15.59 and a 52 week high of $37.62.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $72.50 million during the quarter, compared to the consensus estimate of $73.07 million. Control4 had a return on equity of 14.53% and a net margin of 16.09%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Equities analysts predict that Control4 Corp will post 0.68 EPS for the current year.

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About Control4

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

Further Reading: Why investors pay attention to retained earnings

Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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