RPG Investment Advisory LLC Has $2 Million Stake in Control4 Corp (CTRL)

RPG Investment Advisory LLC grew its stake in shares of Control4 Corp (NASDAQ:CTRL) by 2.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 118,149 shares of the electronics maker’s stock after buying an additional 3,151 shares during the period. RPG Investment Advisory LLC’s holdings in Control4 were worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CTRL. Flinton Capital Management LLC purchased a new position in shares of Control4 during the 4th quarter valued at about $31,000. Neuburgh Advisers LLC bought a new stake in Control4 during the 4th quarter valued at approximately $37,000. NumerixS Investment Technologies Inc raised its stake in Control4 by 866.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 5,800 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 5,200 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in Control4 during the 4th quarter valued at approximately $131,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Control4 by 353.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,184 shares of the electronics maker’s stock valued at $144,000 after purchasing an additional 6,379 shares during the period. 84.63% of the stock is currently owned by hedge funds and other institutional investors.

CTRL traded down $0.69 on Monday, hitting $17.05. 186,700 shares of the company’s stock traded hands, compared to its average volume of 385,054. The company has a market capitalization of $453.87 million, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.28 and a beta of 0.89. Control4 Corp has a one year low of $15.59 and a one year high of $37.62.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Control4 had a return on equity of 14.53% and a net margin of 16.09%. The business had revenue of $72.50 million for the quarter, compared to the consensus estimate of $73.07 million. During the same quarter in the previous year, the company posted $0.40 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Control4 Corp will post 0.68 EPS for the current year.

In other Control4 news, SVP Bryce Judd sold 3,342 shares of Control4 stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $59,587.86. Following the sale, the senior vice president now owns 8,844 shares of the company’s stock, valued at approximately $157,688.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Novakovich sold 9,400 shares of Control4 stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $167,602.00. Following the completion of the sale, the chief financial officer now directly owns 9,935 shares in the company, valued at approximately $177,141.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,764 shares of company stock worth $318,189. Corporate insiders own 2.90% of the company’s stock.

CTRL has been the topic of several recent analyst reports. Maxim Group reissued a “buy” rating and set a $36.00 target price on shares of Control4 in a research note on Thursday, December 20th. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, January 3rd. Raymond James downgraded Control4 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 15th. BidaskClub raised Control4 from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Needham & Company LLC downgraded Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Control4 has an average rating of “Hold” and an average target price of $27.86.

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About Control4

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.

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Want to see what other hedge funds are holding CTRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Control4 Corp (NASDAQ:CTRL).

Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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