First Trust Advisors LP increased its stake in shares of Control4 Corp. (NASDAQ:CTRL) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 16,571 shares of the company’s stock after buying an additional 1,189 shares during the period. First Trust Advisors LP owned about 0.07% of Control4 Corp. worth $135,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. California Public Employees Retirement System raised its stake in shares of Control4 Corp. by 73.6% in the second quarter. California Public Employees Retirement System now owns 43,400 shares of the company’s stock worth $354,000 after buying an additional 18,400 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Control4 Corp. during the second quarter worth $501,000. Palisade Capital Management LLC NJ raised its stake in shares of Control4 Corp. by 2.2% in the second quarter. Palisade Capital Management LLC NJ now owns 395,653 shares of the company’s stock valued at $3,229,000 after buying an additional 8,415 shares during the period. ClariVest Asset Management LLC raised its stake in shares of Control4 Corp. by 31.3% in the second quarter. ClariVest Asset Management LLC now owns 36,100 shares of the company’s stock valued at $294,000 after buying an additional 8,600 shares during the period. Finally, FNY Managed Accounts LLC purchased a new stake in shares of Control4 Corp. during the second quarter valued at approximately $184,000. Hedge funds and other institutional investors own 74.84% of the company’s stock.
Control4 Corp. (NASDAQ:CTRL) traded up 0.42% during midday trading on Wednesday, reaching $12.02. The company had a trading volume of 8,067 shares. Control4 Corp. has a 52-week low of $5.41 and a 52-week high of $12.60. The company’s 50 day moving average is $11.58 and its 200-day moving average is $9.26. The company has a market capitalization of $280.07 million, a P/E ratio of 37.45 and a beta of -1.09.
Control4 Corp. (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The company had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.44 million. During the same quarter last year, the business earned $0.16 earnings per share. Control4 Corp.’s revenue was up 19.3% compared to the same quarter last year. Equities analysts expect that Control4 Corp. will post $0.74 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on CTRL shares. Zacks Investment Research raised Control4 Corp. from a “strong sell” rating to a “hold” rating in a research note on Friday, October 7th. TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Seven investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $8.55.
In other Control4 Corp. news, SVP Jefferson Dungan sold 20,032 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $10.82, for a total value of $216,746.24. Following the sale, the senior vice president now owns 48,076 shares in the company, valued at $520,182.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.
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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