Control4 Corporation (CTRL) Holdings Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its stake in shares of Control4 Corporation (NASDAQ:CTRL) by 100.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 802,857 shares of the electronics maker’s stock after buying an additional 402,208 shares during the quarter. Dimensional Fund Advisors LP owned about 3.30% of Control4 Corporation worth $15,744,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in Control4 Corporation by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after buying an additional 577 shares in the last quarter. UBS Group AG grew its holdings in shares of Control4 Corporation by 6.3% during the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 458 shares in the last quarter. American International Group Inc. grew its holdings in shares of Control4 Corporation by 7.1% during the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 822 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Control4 Corporation during the second quarter worth about $255,000. Finally, Bank of Montreal Can grew its holdings in shares of Control4 Corporation by 10.8% during the second quarter. Bank of Montreal Can now owns 14,768 shares of the electronics maker’s stock worth $290,000 after purchasing an additional 1,436 shares in the last quarter. 71.23% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Susan Cashen sold 1,768 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total transaction of $40,434.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Martin Plaehn sold 222,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $32.25, for a total value of $7,159,500.00. Following the transaction, the chief executive officer now owns 169,257 shares of the company’s stock, valued at approximately $5,458,538.25. The disclosure for this sale can be found here. Insiders sold 345,327 shares of company stock valued at $11,168,839 in the last quarter. Corporate insiders own 6.10% of the company’s stock.
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Shares of Control4 Corporation (NASDAQ:CTRL) opened at $31.84 on Friday. Control4 Corporation has a 12-month low of $10.08 and a 12-month high of $34.10. The firm has a market capitalization of $804.50, a P/E ratio of 48.98, a price-to-earnings-growth ratio of 3.11 and a beta of -0.57.
Control4 Corporation (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 Corporation had a return on equity of 11.63% and a net margin of 5.96%. The firm had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. equities analysts expect that Control4 Corporation will post 0.68 earnings per share for the current fiscal year.
Several brokerages have recently commented on CTRL. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Cowen and Company set a $30.00 price objective on Control4 Corporation and gave the stock a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research raised Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, August 9th. UBS AG lowered Control4 Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price (up previously from $22.00) on shares of Control4 Corporation in a research note on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.50.
About Control4 Corporation
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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