Assenagon Asset Management S.A. Takes $315,000 Position in Control4 Corp (CTRL)

Assenagon Asset Management S.A. acquired a new position in shares of Control4 Corp (NASDAQ:CTRL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 17,910 shares of the electronics maker’s stock, valued at approximately $315,000.

Other institutional investors also recently made changes to their positions in the company. Northern Trust Corp lifted its stake in Control4 by 0.7% during the second quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock worth $6,904,000 after purchasing an additional 1,901 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Control4 by 29.8% during the third quarter. State of Alaska Department of Revenue now owns 8,449 shares of the electronics maker’s stock worth $290,000 after purchasing an additional 1,939 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Control4 by 26.4% during the third quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the electronics maker’s stock worth $395,000 after purchasing an additional 2,400 shares during the last quarter. Essex Investment Management Co. LLC lifted its stake in Control4 by 4.3% during the third quarter. Essex Investment Management Co. LLC now owns 74,419 shares of the electronics maker’s stock worth $2,555,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Control4 by 12.6% during the third quarter. Alliancebernstein L.P. now owns 27,700 shares of the electronics maker’s stock worth $951,000 after purchasing an additional 3,100 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CTRL opened at $18.32 on Friday. Control4 Corp has a twelve month low of $15.59 and a twelve month high of $37.62. The company has a market capitalization of $499.48 million, a price-to-earnings ratio of 19.08, a PEG ratio of 1.49 and a beta of 0.88.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Control4 had a return on equity of 15.25% and a net margin of 16.09%. The company had revenue of $72.50 million during the quarter, compared to analysts’ expectations of $73.07 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Control4 Corp will post 1.06 EPS for the current year.

In other Control4 news, SVP Bryce Judd sold 2,844 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $21.79, for a total value of $61,970.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan Cashen sold 2,049 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $20.00, for a total value of $40,980.00. Following the completion of the sale, the senior vice president now owns 2,049 shares of the company’s stock, valued at approximately $40,980. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,210 shares of company stock valued at $598,532. 4.40% of the stock is owned by company insiders.

Several research firms recently weighed in on CTRL. BidaskClub upgraded Control4 from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Imperial Capital restated an “in-line” rating and set a $32.00 target price on shares of Control4 in a research note on Wednesday, November 7th. ValuEngine cut Control4 from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Zacks Investment Research cut Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Cowen set a $30.00 target price on Control4 and gave the stock a “buy” rating in a research note on Sunday, November 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Control4 presently has a consensus rating of “Hold” and an average price target of $28.13.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2019/02/08/assenagon-asset-management-s-a-takes-315000-position-in-control4-corp-ctrl.html.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Canada, 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.

Recommended Story: How to Invest in the Dividend Aristocrat Index

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)

Receive News & Ratings for Control4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply