Control4 Corp. (CTRL) Stake Decreased by California State Teachers Retirement System
California State Teachers Retirement System decreased its stake in Control4 Corp. (NASDAQ:CTRL) by 4.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,138 shares of the company’s stock after selling 2,014 shares during the period. California State Teachers Retirement System owned 0.18% of Control4 Corp. worth $344,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. ClariVest Asset Management LLC boosted its stake in Control4 Corp. by 31.3% in the second quarter. ClariVest Asset Management LLC now owns 36,100 shares of the company’s stock worth $294,000 after buying an additional 8,600 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Control4 Corp. during the second quarter worth about $184,000. Genesee Valley Trust Co. boosted its stake 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 during the last quarter. Royal Bank of Canada acquired a new stake in shares of Control4 Corp. during the first quarter worth about $224,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Control4 Corp. during the first quarter worth about $524,000. 74.84% of the stock is currently owned by institutional investors.
Control4 Corp. (NASDAQ:CTRL) traded up 1.70% on Friday, hitting $11.94. 226,075 shares of the stock were exchanged. The firm has a market cap of $278.20 million, a P/E ratio of 37.20 and a beta of -1.09. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $12.60. The company has a 50-day moving average of $11.54 and a 200 day moving average of $9.19.
Control4 Corp. (NASDAQ:CTRL) last issued its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $50.44 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts expect that Control4 Corp. will post $0.74 earnings per share for the current fiscal year.
A number of brokerages have issued reports on CTRL. TheStreet raised shares of Control4 Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Zacks Investment Research raised shares of Control4 Corp. from a “strong sell” rating to a “hold” rating in a report on Friday, October 7th. Seven investment analysts have rated the stock with a hold rating, Control4 Corp. currently has a consensus rating of “Hold” and a consensus price target of $8.55.
In related 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding CTRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Control4 Corp. (NASDAQ:CTRL).
Receive News & Ratings for Control4 Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 Corp. and related companies with MarketBeat.com's FREE daily email newsletter.