Geode Capital Management LLC trimmed its stake in shares of Control4 Corp (NASDAQ:CTRL) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 306,660 shares of the electronics maker’s stock after selling 34,946 shares during the period. Geode Capital Management LLC’s holdings in Control4 were worth $5,397,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC acquired a new stake in Control4 during the 4th quarter worth approximately $31,000. Neuburgh Advisers LLC acquired a new stake in shares of Control4 in the 4th quarter valued at approximately $37,000. NumerixS Investment Technologies Inc lifted its holdings in shares of Control4 by 866.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 5,800 shares of the electronics maker’s stock valued at $100,000 after buying an additional 5,200 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Control4 by 3,466.4% in the 4th quarter. Captrust Financial Advisors now owns 8,916 shares of the electronics maker’s stock valued at $157,000 after buying an additional 8,666 shares during the period. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Control4 in the 3rd quarter valued at approximately $331,000. 84.63% of the stock is owned by institutional investors.
Several analysts have recently commented on the company. Zacks Investment Research cut Control4 from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Roth Capital set a $24.00 price target on Control4 and gave the company a “buy” rating in a report on Tuesday, February 5th. DA Davidson reduced their price target on Control4 to $33.00 and set a “buy” rating for the company in a report on Tuesday, February 5th. Imperial Capital set a $19.00 price target on Control4 and gave the company a “hold” rating in a report on Tuesday, February 5th. Finally, Needham & Company LLC cut Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.86.
Shares of CTRL stock opened at $17.35 on Monday. The firm 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 1 year low of $15.59 and a 1 year high of $37.62.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $72.50 million during the quarter, compared to analysts’ expectations of $73.07 million. Control4 had a return on equity of 14.53% and a net margin of 16.09%. Control4’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Analysts predict that Control4 Corp will post 0.68 EPS for the current year.
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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.
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