Oxford Asset Management LLP Makes New Investment in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Oxford Asset Management LLP purchased a new stake in shares of Comtech Telecommunications Corp. (NASDAQ:CMTLFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,423 shares of the communications equipment provider’s stock, valued at approximately $105,000.

Several other institutional investors have also recently made changes to their positions in CMTL. Dynamic Technology Lab Private Ltd purchased a new position in shares of Comtech Telecommunications during the fourth quarter valued at $187,000. D.A. Davidson & CO. bought a new stake in Comtech Telecommunications during the fourth quarter valued at about $189,000. Public Employees Retirement System of Ohio boosted its position in Comtech Telecommunications by 20.9% during the third quarter. Public Employees Retirement System of Ohio now owns 25,176 shares of the communications equipment provider’s stock valued at $220,000 after purchasing an additional 4,353 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Comtech Telecommunications by 664.2% during the fourth quarter. Russell Investments Group Ltd. now owns 82,628 shares of the communications equipment provider’s stock valued at $697,000 after purchasing an additional 71,815 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Comtech Telecommunications by 2.6% during the fourth quarter. Federated Hermes Inc. now owns 115,274 shares of the communications equipment provider’s stock valued at $972,000 after purchasing an additional 2,916 shares in the last quarter.

Comtech Telecommunications Price Performance

NASDAQ CMTL traded up $0.02 during trading on Friday, hitting $2.23. The company’s stock had a trading volume of 284,702 shares, compared to its average volume of 559,035. The company has a market cap of $63.49 million, a PE ratio of -1.30, a P/E/G ratio of 1.98 and a beta of 1.57. The business’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $6.36. Comtech Telecommunications Corp. has a fifty-two week low of $1.53 and a fifty-two week high of $13.04.

Comtech Telecommunications (NASDAQ:CMTLGet Free Report) last issued its quarterly earnings results on Monday, March 18th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.45). The business had revenue of $134.23 million during the quarter, compared to analyst estimates of $152.85 million. Comtech Telecommunications had a negative return on equity of 0.25% and a negative net margin of 4.02%. Analysts expect that Comtech Telecommunications Corp. will post 0.14 EPS for the current fiscal year.

About Comtech Telecommunications

(Free Report)

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.

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Institutional Ownership by Quarter for Comtech Telecommunications (NASDAQ:CMTL)

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