Mondrian Investment Partners LTD Acquires 33,932 Shares of Comtech Telecomm. Corp. (CMTL)

Mondrian Investment Partners LTD lifted its holdings in shares of Comtech Telecomm. Corp. (NASDAQ:CMTL) by 22.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,153 shares of the communications equipment provider’s stock after buying an additional 33,932 shares during the quarter. Mondrian Investment Partners LTD owned about 0.76% of Comtech Telecomm. worth $4,253,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CMTL. Marshall Wace LLP bought a new position in shares of Comtech Telecomm. in the 3rd quarter worth $6,977,000. Renaissance Technologies LLC grew its holdings in shares of Comtech Telecomm. by 48.0% during the 3rd quarter. Renaissance Technologies LLC now owns 506,850 shares of the communications equipment provider’s stock valued at $18,383,000 after purchasing an additional 164,300 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Comtech Telecomm. by 1,439.9% during the 4th quarter. WINTON GROUP Ltd now owns 149,966 shares of the communications equipment provider’s stock valued at $3,650,000 after purchasing an additional 140,227 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Comtech Telecomm. by 3.2% during the 4th quarter. BlackRock Inc. now owns 3,637,049 shares of the communications equipment provider’s stock valued at $88,526,000 after purchasing an additional 111,215 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of Comtech Telecomm. by 22.9% during the 4th quarter. Ceredex Value Advisors LLC now owns 554,866 shares of the communications equipment provider’s stock valued at $13,506,000 after purchasing an additional 103,266 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

Shares of Comtech Telecomm. stock opened at $23.24 on Friday. The firm has a market capitalization of $560.21 million, a price-to-earnings ratio of 30.99, a PEG ratio of 4.30 and a beta of 1.29. Comtech Telecomm. Corp. has a 12-month low of $20.94 and a 12-month high of $36.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.20.

Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.16. The business had revenue of $164.10 million for the quarter, compared to analyst estimates of $159.96 million. Comtech Telecomm. had a net margin of 4.21% and a return on equity of 6.56%. The company’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. Research analysts expect that Comtech Telecomm. Corp. will post 1.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Wednesday, April 17th will be given a $0.10 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. Comtech Telecomm.’s dividend payout ratio is 53.33%.

CMTL has been the topic of several recent research reports. ValuEngine lowered shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Comtech Telecomm. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, March 8th. BidaskClub lowered shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Noble Financial reaffirmed a “buy” rating and set a $38.00 target price on shares of Comtech Telecomm. in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.80.

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About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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Institutional Ownership by Quarter for Comtech Telecomm. (NASDAQ:CMTL)

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