South Dakota Investment Council Increases Position in Control4 Corp (CTRL)

South Dakota Investment Council boosted its holdings in shares of Control4 Corp (NASDAQ:CTRL) by 40.8% in the 1st quarter, HoldingsChannel reports. The fund owned 242,693 shares of the electronics maker’s stock after acquiring an additional 70,321 shares during the quarter. South Dakota Investment Council’s holdings in Control4 were worth $4,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTRL. Rhumbline Advisers lifted its holdings in shares of Control4 by 22.9% in the 4th quarter. Rhumbline Advisers now owns 75,022 shares of the electronics maker’s stock worth $1,320,000 after acquiring an additional 13,964 shares during the last quarter. 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 worth $157,000 after acquiring an additional 8,666 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Control4 by 11.2% in the 1st quarter. Algert Global LLC now owns 18,838 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 1,904 shares during the last quarter. Brinker Capital Inc. lifted its holdings in shares of Control4 by 68.0% in the 1st quarter. Brinker Capital Inc. now owns 41,608 shares of the electronics maker’s stock worth $704,000 after acquiring an additional 16,838 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Control4 by 8.7% in the 4th quarter. First Trust Advisors LP now owns 65,211 shares of the electronics maker’s stock worth $1,148,000 after acquiring an additional 5,218 shares during the last quarter. 84.79% of the stock is owned by institutional investors.

In related news, CFO Mark Novakovich sold 9,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total transaction of $167,602.00. Following the sale, the chief financial officer now directly owns 9,935 shares of the company’s stock, valued at approximately $177,141.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bryce Judd sold 3,342 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total transaction of $59,587.86. Following the sale, the senior vice president now directly owns 8,844 shares in the company, valued at $157,688.52. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Several brokerages have recently commented on CTRL. ValuEngine upgraded shares of Control4 from a “sell” rating to a “hold” rating in a report on Thursday. DA Davidson lowered shares of Control4 from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $24.00 in a report on Thursday. Cowen lowered shares of Control4 from an “outperform” rating to a “market perform” rating in a report on Thursday. Zacks Investment Research lowered shares of Control4 from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Finally, BidaskClub lowered shares of Control4 from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Control4 has a consensus rating of “Hold” and an average target price of $26.57.

Shares of CTRL opened at $23.67 on Friday. Control4 Corp has a fifty-two week low of $15.59 and a fifty-two week high of $37.62. The company has a market cap of $636.14 million, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88.

Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.17. Control4 had a net margin of 14.94% and a return on equity of 12.85%. The firm had revenue of $60.43 million for the quarter, compared to the consensus estimate of $61.64 million. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts predict that Control4 Corp will post 0.68 earnings per share for the current year.

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Control4 Profile

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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Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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