Goldman Sachs Group Inc. decreased its position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 52.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 88,889 shares of the communications equipment provider’s stock after selling 99,511 shares during the period. Goldman Sachs Group Inc.’s holdings in Comtech Telecommunications Corp. were worth $1,310,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ironwood Investment Management LLC boosted its stake in Comtech Telecommunications Corp. by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 100,040 shares of the communications equipment provider’s stock worth $1,475,000 after buying an additional 1,140 shares during the period. Highbridge Capital Management LLC acquired a new stake in Comtech Telecommunications Corp. during the first quarter worth approximately $1,016,000. Schwab Charles Investment Management Inc. boosted its stake in Comtech Telecommunications Corp. by 11.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 303,520 shares of the communications equipment provider’s stock worth $4,474,000 after buying an additional 32,236 shares during the period. KCG Holdings Inc. acquired a new stake in Comtech Telecommunications Corp. during the first quarter worth approximately $567,000. Finally, Dimensional Fund Advisors LP boosted its stake in Comtech Telecommunications Corp. by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock worth $24,927,000 after buying an additional 224,033 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Shares of Comtech Telecommunications Corp. (CMTL) traded down 0.82% on Thursday, reaching $18.09. 19,107 shares of the company were exchanged. Comtech Telecommunications Corp. has a 52-week low of $9.52 and a 52-week high of $19.80. The stock has a 50 day moving average of $18.66 and a 200-day moving average of $14.96. The company has a market capitalization of $426.38 million, a P/E ratio of 36.40 and a beta of 1.93.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $127.80 million for the quarter, compared to the consensus estimate of $136.68 million. Comtech Telecommunications Corp. had a net margin of 2.02% and a return on equity of 0.81%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.89) earnings per share. On average, analysts predict that Comtech Telecommunications Corp. will post $0.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, July 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, July 13th. Comtech Telecommunications Corp.’s payout ratio is 80.00%.

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A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Northland Securities set a $22.00 target price on Comtech Telecommunications Corp. and gave the company a “buy” rating in a research report on Monday, July 10th. ValuEngine upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Noble Financial restated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.42.

About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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Institutional Ownership by Quarter for Comtech Telecommunications Corp. (NASDAQ:CMTL)

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