Municipal Employees Retirement System of Michigan Has $1.23 Million Stock Position in Comtech Telecomm. Corp. (NASDAQ:CMTL)

Municipal Employees Retirement System of Michigan boosted its stake in Comtech Telecomm. Corp. (NASDAQ:CMTL) by 46.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 43,660 shares of the communications equipment provider’s stock after buying an additional 13,760 shares during the period. Municipal Employees Retirement System of Michigan owned approximately 0.18% of Comtech Telecomm. worth $1,227,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ceredex Value Advisors LLC grew its stake in Comtech Telecomm. by 30.0% in the 1st quarter. Ceredex Value Advisors LLC now owns 721,166 shares of the communications equipment provider’s stock valued at $16,745,000 after buying an additional 166,300 shares during the last quarter. Marshall Wace LLP grew its stake in Comtech Telecomm. by 30.8% in the 1st quarter. Marshall Wace LLP now owns 340,081 shares of the communications equipment provider’s stock valued at $7,897,000 after buying an additional 80,157 shares during the last quarter. Geode Capital Management LLC grew its stake in Comtech Telecomm. by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 311,188 shares of the communications equipment provider’s stock valued at $7,573,000 after buying an additional 5,995 shares during the last quarter. Northern Trust Corp grew its stake in Comtech Telecomm. by 1.3% in the 4th quarter. Northern Trust Corp now owns 300,150 shares of the communications equipment provider’s stock valued at $7,306,000 after buying an additional 3,820 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in Comtech Telecomm. by 35.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 264,546 shares of the communications equipment provider’s stock valued at $6,143,000 after buying an additional 69,340 shares during the last quarter. Institutional investors and hedge funds own 86.53% of the company’s stock.

Shares of Comtech Telecomm. stock traded down $0.52 on Wednesday, reaching $27.78. 1,430 shares of the stock were exchanged, compared to its average volume of 156,157. The firm’s 50 day simple moving average is $28.18. Comtech Telecomm. Corp. has a one year low of $20.94 and a one year high of $36.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.79. The stock has a market cap of $673.45 million, a price-to-earnings ratio of 36.94, a PEG ratio of 3.80 and a beta of 1.48.



Comtech Telecomm. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.21. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The company had revenue of $170.40 million during the quarter, compared to the consensus estimate of $162.30 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts predict that Comtech Telecomm. Corp. will post 1.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, July 16th. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 53.33%.

A number of research analysts recently commented on CMTL shares. Zacks Investment Research lowered shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine raised shares of Comtech Telecomm. from a “sell” rating to a “hold” rating in a report on Friday, June 7th. TheStreet raised shares of Comtech Telecomm. from a “c+” rating to a “b-” rating in a report on Monday, June 24th. Finally, BidaskClub raised shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.00.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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

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