Cambium Networks Co. (NASDAQ:CMBM) Shares Purchased by Merlin Capital Inc

Merlin Capital Inc grew its stake in Cambium Networks Co. (NASDAQ:CMBM) by 78.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,480 shares of the company’s stock after buying an additional 9,865 shares during the quarter. Merlin Capital Inc’s holdings in Cambium Networks were worth $135,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CMBM. Quantbot Technologies LP acquired a new stake in shares of Cambium Networks in the third quarter valued at about $63,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Cambium Networks during the third quarter worth $91,000. Barclays PLC grew its holdings in shares of Cambium Networks by 77.8% during the third quarter. Barclays PLC now owns 23,814 shares of the company’s stock valued at $175,000 after buying an additional 10,420 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Cambium Networks by 54.2% during the third quarter. Quadrature Capital Ltd now owns 34,357 shares of the company’s stock valued at $253,000 after buying an additional 12,072 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Cambium Networks by 33.1% in the third quarter. Federated Hermes Inc. now owns 40,000 shares of the company’s stock valued at $293,000 after purchasing an additional 9,939 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cambium Networks Price Performance

CMBM stock traded down $0.18 during trading on Tuesday, hitting $3.48. 15,810 shares of the company’s stock traded hands, compared to its average volume of 114,578. Cambium Networks Co. has a 52 week low of $2.92 and a 52 week high of $18.09. The business has a fifty day simple moving average of $4.12 and a 200 day simple moving average of $4.50. The stock has a market capitalization of $97.07 million, a price-to-earnings ratio of -1.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 1.69.

Cambium Networks (NASDAQ:CMBM) last released its earnings results on Thursday, February 15th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.59). Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. The business had revenue of $40.21 million for the quarter, compared to analysts’ expectations of $41.82 million. As a group, research analysts expect that Cambium Networks Co. will post -0.66 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James lifted their price target on Cambium Networks from $5.25 to $5.50 and gave the company an “outperform” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cambium Networks has an average rating of “Hold” and an average price target of $11.04.

Cambium Networks Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.