Russell Investments Group Ltd. cut its position in shares of Control4 Corporation (NASDAQ:CTRL) by 16.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,292 shares of the electronics maker’s stock after selling 12,040 shares during the period. Russell Investments Group Ltd. owned 0.25% of Control4 Corporation worth $1,183,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Control4 Corporation by 6.3% during the 1st quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 458 shares in the last quarter. TFS Capital LLC purchased a new stake in shares of Control4 Corporation during the 1st quarter worth about $176,000. Hancock Holding Co. purchased a new stake in shares of Control4 Corporation during the 1st quarter worth about $189,000. American International Group Inc. raised its stake in shares of Control4 Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 822 shares in the last quarter. Finally, AXA purchased a new stake in shares of Control4 Corporation during the 1st quarter worth about $204,000. 74.27% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on CTRL. Needham & Company LLC raised their price target on Control4 Corporation from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. Cowen and Company set a $22.00 price target on Control4 Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. BidaskClub raised Control4 Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Imperial Capital raised their price target on Control4 Corporation from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research raised Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.88.
In related news, insider Greg Bishop sold 2,254 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.83, for a total transaction of $51,458.82. Following the sale, the insider now owns 14,295 shares of the company’s stock, valued at $326,354.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan Cashen sold 1,768 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. Insiders have sold 8,546 shares of company stock worth $194,603 in the last three months. 6.10% of the stock is currently owned by company insiders.
Shares of Control4 Corporation (NASDAQ CTRL) traded up 1.8292% on Monday, hitting $26.8931. The company had a trading volume of 346,453 shares. The firm has a market capitalization of $668.43 million, a P/E ratio of 65.5929 and a beta of -0.62. Control4 Corporation has a 12-month low of $9.97 and a 12-month high of $27.17. The firm has a 50 day moving average of $23.64 and a 200-day moving average of $19.24.
Control4 Corporation (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. The business had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. On average, equities analysts predict that Control4 Corporation will post $1.04 EPS for the current year.
About Control4 Corporation
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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