FNY Managed Accounts LLC bought a new position in Control4 Corp. (NASDAQ:CTRL) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 22,500 shares of the company’s stock, valued at approximately $184,000.
A number of other institutional investors have also modified their holdings of CTRL. BlackRock Institutional Trust Company N.A. raised its position in shares of Control4 Corp. by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 320,372 shares of the company’s stock worth $2,550,000 after buying an additional 1,681 shares in the last quarter. Genesee Valley Trust Co. raised its position in shares of Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock worth $194,000 after buying an additional 1,825 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Control4 Corp. by 12.7% in the first quarter. Landscape Capital Management L.L.C. now owns 39,685 shares of the company’s stock worth $316,000 after buying an additional 4,485 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Control4 Corp. by 13.4% in the first quarter. Geode Capital Management LLC now owns 131,287 shares of the company’s stock worth $1,044,000 after buying an additional 15,540 shares in the last quarter. Finally, State Street Corp raised its position in shares of Control4 Corp. by 9.5% in the first quarter. State Street Corp now owns 249,741 shares of the company’s stock worth $1,987,000 after buying an additional 21,758 shares in the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.
Control4 Corp. (NASDAQ:CTRL) traded up 1.16% during trading on Wednesday, hitting $12.22. 523,320 shares of the stock were exchanged. The company has a 50-day moving average price of $11.20 and a 200 day moving average price of $8.85. The firm has a market capitalization of $284.73 million, a price-to-earnings ratio of 38.07 and a beta of -1.05. Control4 Corp. has a 1-year low of $5.41 and a 1-year high of $12.42.
Control4 Corp. (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Control4 Corp. had a return on equity of 1.15% and a net margin of 4.22%. The company had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.44 million. During the same quarter in the prior year, the firm posted $0.16 EPS. Control4 Corp.’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities analysts predict that Control4 Corp. will post $0.74 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Control4 Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Needham & Company LLC restated a “hold” rating on shares of Control4 Corp. in a research report on Friday, June 10th. Finally, TheStreet upgraded shares of Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Control4 Corp. currently has an average rating of “Hold” and an average price target of $8.55.
In related news, SVP Jefferson Dungan sold 20,032 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.82, for a total transaction of $216,746.24. Following the sale, the senior vice president now owns 48,076 shares in the company, valued at approximately $520,182.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.
Control4 Corp. Company Profile
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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