Lincluden Management Ltd. continued to hold its stake in shares of Control4 Corporation (NASDAQ:CTRL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,116 shares of the electronics maker’s stock at the end of the first quarter. Lincluden Management Ltd.’s holdings in Control4 Corporation were worth $191,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Control4 Corporation during the fourth quarter valued at $571,000. State Street Corp increased its stake in Control4 Corporation by 6.8% in the fourth quarter. State Street Corp now owns 269,394 shares of the electronics maker’s stock valued at $2,745,000 after buying an additional 17,270 shares during the period. Oxford Asset Management increased its stake in Control4 Corporation by 6.2% in the fourth quarter. Oxford Asset Management now owns 87,643 shares of the electronics maker’s stock valued at $894,000 after buying an additional 5,154 shares during the period. Dimensional Fund Advisors LP increased its stake in Control4 Corporation by 162.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,119 shares of the electronics maker’s stock valued at $1,939,000 after buying an additional 117,623 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Control4 Corporation during the fourth quarter valued at $418,000. Institutional investors own 75.06% of the company’s stock.
Control4 Corporation (CTRL) traded up 6.859% during mid-day trading on Wednesday, hitting $22.045. The company had a trading volume of 1,030,269 shares. Control4 Corporation has a 52-week low of $8.03 and a 52-week high of $22.91. The company has a market capitalization of $536.60 million, a P/E ratio of 78.452 and a beta of -0.65. The company has a 50-day moving average price of $19.23 and a 200 day moving average price of $15.21.
Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, May 4th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. Control4 Corporation had a return on equity of 7.58% and a net margin of 3.31%. The firm had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.29 million. During the same quarter in the prior year, the company earned $0.04 EPS. Control4 Corporation’s revenue was up 16.7% on a year-over-year basis. On average, analysts forecast that Control4 Corporation will post $0.96 EPS for the current fiscal year.
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Several research firms have recently weighed in on CTRL. Zacks Investment Research downgraded Control4 Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Control4 Corporation in a research report on Wednesday, May 31st. Maxim Group began coverage on Control4 Corporation in a research report on Thursday, May 11th. They set a “hold” rating and a $19.00 target price for the company. Imperial Capital lifted their target price on Control4 Corporation from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Monday, May 8th. Finally, Singular Research began coverage on Control4 Corporation in a research report on Monday, April 17th. They set a “buy” rating and a $21.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Control4 Corporation has a consensus rating of “Buy” and a consensus target price of $19.29.
In related news, SVP Bryce Judd sold 2,551 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $17.29, for a total transaction of $44,106.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jefferson Dungan sold 28,044 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $19.98, for a total value of $560,319.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 230,582 shares of company stock worth $4,154,215. 6.10% of the stock is owned by corporate insiders.
Control4 Corporation Company Profile
Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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