Control4 Corporation (CTRL) Position Raised by Palisade Capital Management LLC NJ
Palisade Capital Management LLC NJ raised its position in shares of Control4 Corporation (NASDAQ:CTRL) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 442,089 shares of the electronics maker’s stock after buying an additional 10,596 shares during the period. Palisade Capital Management LLC NJ’s holdings in Control4 Corporation were worth $8,669,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in CTRL. UBS Group AG increased its stake in shares of Control4 Corporation by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after buying an additional 458 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Control4 Corporation by 18.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,450 shares of the electronics maker’s stock worth $158,000 after buying an additional 2,406 shares in the last quarter. TFS Capital LLC acquired a new stake in shares of Control4 Corporation during the first quarter worth approximately $176,000. Hancock Holding Co. acquired a new stake in shares of Control4 Corporation during the first quarter worth approximately $189,000. Finally, American International Group Inc. increased its stake in shares of Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after buying an additional 822 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.
Control4 Corporation (CTRL) opened at 22.75 on Tuesday. The company has a 50-day moving average price of $21.33 and a 200-day moving average price of $17.04. The firm has a market cap of $553.76 million, a PE ratio of 80.96 and a beta of -0.60. Control4 Corporation has a one year low of $9.73 and a one year high of $24.94.
Control4 Corporation (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a net margin of 4.70% and a return on equity of 11.08%. The business had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. During the same period in the prior year, the business posted $0.23 earnings per share. Control4 Corporation’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities analysts predict that Control4 Corporation will post $1.03 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on CTRL. BidaskClub downgraded Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Control4 Corporation in a research report on Wednesday, May 31st. Imperial Capital lifted their price objective on Control4 Corporation from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Monday, May 8th. Singular Research began coverage on Control4 Corporation in a research report on Monday, April 17th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Maxim Group began coverage on Control4 Corporation in a research report on Thursday, May 11th. They issued a “hold” rating and a $19.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.63.
In other news, SVP Eric Anderson sold 147,622 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $17.78, for a total value of $2,624,719.16. Following the transaction, the senior vice president now directly owns 51,597 shares of the company’s stock, valued at $917,394.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jefferson Dungan sold 28,044 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $19.98, for a total transaction of $560,319.12. The disclosure for this sale can be found here. Insiders sold 228,031 shares of company stock worth $4,110,108 over the last ninety days. 6.10% of the stock is currently owned by company insiders.
Control4 Corporation Company Profile
Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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