Ladenburg Thalmann Financial Services Inc. Lowers Stake in Control4 Corp (NASDAQ:CTRL)

Ladenburg Thalmann Financial Services Inc. cut its position in shares of Control4 Corp (NASDAQ:CTRL) by 25.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,066 shares of the electronics maker’s stock after selling 1,380 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Control4 were worth $97,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTRL. Marshall Wace North America L.P. grew its holdings in shares of Control4 by 53.6% during the first quarter. Marshall Wace North America L.P. now owns 7,634 shares of the electronics maker’s stock worth $129,000 after buying an additional 2,663 shares in the last quarter. Syquant Capital Sas purchased a new stake in shares of Control4 during the second quarter worth about $7,050,000. Louisiana State Employees Retirement System purchased a new stake in shares of Control4 during the second quarter worth about $238,000. Inlet Private Wealth LLC purchased a new stake in shares of Control4 during the second quarter worth about $909,000. Finally, Harvest Management LLC purchased a new stake in shares of Control4 during the second quarter worth about $2,375,000. Institutional investors and hedge funds own 77.33% of the company’s stock.

The business has a 50-day moving average of $23.91 and a 200 day moving average of $22.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.89 and a quick ratio of 2.74. Control4 Corp has a 12-month low of $15.59 and a 12-month high of $37.62. The firm has a market capitalization of $640.79 million, a PE ratio of 24.91, a PEG ratio of 2.26 and a beta of 0.35.

A number of equities research analysts have recently commented on CTRL shares. BidaskClub upgraded shares of Control4 from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Control4 currently has a consensus rating of “Hold” and an average target price of $26.67.

Control4 Profile

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

Further Reading: Equal Weight Rating

Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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