Comtech Telecommunications Corp. (NASDAQ:CMTL) reached 115.65% versus a 1-year low price of $9.52. The stock was last seen 16.58% higher, reaching at $20.53 on Sep. 29, 2017. At recent session, the prices were hovering between $17.62 and $21.2. This company shares are -3.07% up from its target price of $19.9 and the current market capitalization stands at $491.08M. The recent change has given its price a 6.64% lead over SMA 50 and -4.07% deficit over its 52-week high. The stock witnessed 5.93% gains, 8.22% gains and 39.28% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CMTL’s volatility during a week at 8.64% and during a month it has been found around 4.06%.
Comtech Telecommunications Corp. (CMTL) Top Holders
Institutional investors currently hold around $431 million or 91% in CMTL stock. Look at its top three institutional owners. Blackrock Inc. owns $61.77 million in Comtech Telecommunications Corp., which represents roughly 12.58% of the company’s market cap and approximately 14.33% of the institutional ownership. Similar statistics are true for the second largest owner, Huber Capital Management Llc, which owns 2,574,504 shares of the stock are valued at $52.86 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $38.68 million worth of this stock and that ownership represents nearly 7.88% of its market capitalization.
Comtech Telecommunications Corp. 13F Filings
At the end of June reporting period, 73 institutional holders increased their position in Comtech Telecommunications Corp. (NASDAQ:CMTL) by some 2,498,997 shares, 42 decreased positions by 1,045,699 and 15 held positions by 17,469,441. That puts total institutional holdings at 21,014,137 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 503,456 shares while 8 institutional investors sold out their entire positions totaling 137,956 shares.
Comtech Telecommunications Corp. (NASDAQ:CMTL) Insider Trades
Multiple company employees have indulged in significant insider trading. Comtech Telecommunications Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Kantor Edwin has sold 3,000 shares of Comtech Telecommunications Corp. (CMTL) in trading session dated Oct. 14, 2016. These shares are worth $32,850 and were traded at $10.95 each. The SEC filing shows that Kantor Edwin performed a sale of 15,000 shares. The Director disposed these shares by way of transaction on Apr. 14, 2015. The company’s shares were given away at $31.57 per share worth to an income of some $473,550 on account of Kantor Edwin.
Director, Kaplan Ira, sold 15,000 common shares of Comtech Telecommunications Corp. (CMTL) in the open market. In a transaction dated Apr. 14, 2015, the shares were put up for sale at an average price of $31.53, raking in a sum of $472,950. After this sale, 4,009 common shares of CMTL are directly owned by the insider, with total stake valued at $82,305.
In the transaction dated Apr. 02, 2015, the great number of shares disposed came courtesy the Sr. Vice President; Mccollum Robert L disposed a total of 23,453 shares at an average price of $29.73, amounting to approximately $697,258. The insider now directly owns 58,528 shares worth $1,201,580.
Comtech Telecommunications Corp. (CMTL) Analyst Guide
Several analysts have released their opinion on Comtech Telecommunications Corp. (NASDAQ:CMTL), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.