772,782 Shares in Comtech Telecommunications Corp. (NASDAQ:CMTL) Acquired by Wasatch Advisors LP

Wasatch Advisors LP purchased a new stake in Comtech Telecommunications Corp. (NASDAQ:CMTL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 772,782 shares of the communications equipment provider’s stock, valued at approximately $2,651,000.

Other hedge funds have also recently bought and sold shares of the company. Kennedy Capital Management LLC grew its holdings in shares of Comtech Telecommunications by 1,170.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 631,552 shares of the communications equipment provider’s stock worth $5,526,000 after purchasing an additional 581,850 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Comtech Telecommunications by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 527,106 shares of the communications equipment provider’s stock worth $4,612,000 after buying an additional 21,431 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Comtech Telecommunications by 25.2% in the fourth quarter. First Eagle Investment Management LLC now owns 508,987 shares of the communications equipment provider’s stock valued at $4,291,000 after acquiring an additional 102,494 shares during the last quarter. Penn Mutual Asset Management LLC acquired a new position in shares of Comtech Telecommunications in the 4th quarter worth approximately $2,898,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Comtech Telecommunications during the 4th quarter worth approximately $1,959,000.

Comtech Telecommunications Price Performance

Comtech Telecommunications stock traded down $0.06 on Tuesday, reaching $3.03. The company’s stock had a trading volume of 369,521 shares, compared to its average volume of 1,443,430. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.28 and a current ratio of 1.78. The company has a market cap of $86.32 million, a price-to-earnings ratio of -2.15, a PEG ratio of 4.73 and a beta of 1.58. The business’s fifty day moving average price is $2.41 and its 200 day moving average price is $4.60. Comtech Telecommunications Corp. has a twelve month low of $1.53 and a twelve month high of $13.04.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Comtech Telecommunications from an “underperform” rating to a “hold” rating and set a $3.50 price objective on the stock in a research note on Tuesday, June 25th.

About Comtech Telecommunications

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.