PNC Financial Services Group Inc. maintained its stake in shares of Control4 Corp. (NASDAQ:CTRL) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 40,400 shares of the company’s stock at the end of the second quarter. PNC Financial Services Group Inc. owned about 0.17% of Control4 Corp. worth $330,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. First Trust Advisors LP increased its stake in Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock worth $135,000 after buying an additional 1,189 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in 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 during the period. Genesee Valley Trust Co. increased its stake in 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 during the period. Landscape Capital Management L.L.C. increased its stake in 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 during the period. Finally, Palisade Capital Management LLC NJ increased its stake in Control4 Corp. by 2.2% in the second quarter. Palisade Capital Management LLC NJ now owns 395,653 shares of the company’s stock worth $3,229,000 after buying an additional 8,415 shares during the period. 74.84% of the stock is owned by institutional investors and hedge funds.
Control4 Corp. (NASDAQ:CTRL) traded down 1.06% on Thursday, hitting $12.09. The company had a trading volume of 97,069 shares. Control4 Corp. has a 12-month low of $5.41 and a 12-month high of $12.42. The stock has a market cap of $281.70 million, a P/E ratio of 37.66 and a beta of -1.05. The firm’s 50 day moving average price is $11.24 and its 200 day moving average price is $8.87.
Control4 Corp. (NASDAQ:CTRL) last released its earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $50.44 million. During the same quarter last year, the business earned $0.16 EPS. The firm’s 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 research firms have issued reports on CTRL. TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Control4 Corp. in a research report on Friday, June 10th. Finally, Zacks Investment Research downgraded Control4 Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Control4 Corp. currently has an average rating of “Hold” and a consensus price target 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 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 document filed with the SEC, which is available through this hyperlink. Company 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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