Royce & Associates LP Increases Stock Position in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Royce & Associates LP boosted its holdings in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL - Free Report) by 34.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,325,608 shares of the communications equipment provider's stock after purchasing an additional 336,310 shares during the period. Royce & Associates LP owned approximately 4.54% of Comtech Telecommunications worth $5,316,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMTL. 272 Capital LP purchased a new position in Comtech Telecommunications during the 3rd quarter worth $94,000. B. Riley Financial Inc. purchased a new position in Comtech Telecommunications during the 3rd quarter worth $155,000. Needham Investment Management LLC grew its position in Comtech Telecommunications by 17.8% during the 3rd quarter. Needham Investment Management LLC now owns 1,502,500 shares of the communications equipment provider's stock worth $7,227,000 after purchasing an additional 227,500 shares during the last quarter. Penn Mutual Asset Management grew its position in Comtech Telecommunications by 62.7% during the 3rd quarter. Penn Mutual Asset Management now owns 332,004 shares of the communications equipment provider's stock worth $1,597,000 after purchasing an additional 128,000 shares during the last quarter. Finally, MML Investors Services LLC grew its position in Comtech Telecommunications by 39.5% during the 3rd quarter. MML Investors Services LLC now owns 176,128 shares of the communications equipment provider's stock worth $847,000 after purchasing an additional 49,861 shares during the last quarter.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Comtech Telecommunications to a "sell" rating in a research note on Thursday, January 2nd.

Comtech Telecommunications Price Performance

Shares of CMTL stock traded up $0.01 during mid-day trading on Friday, hitting $1.94. The stock had a trading volume of 375,531 shares, compared to its average volume of 967,211. Comtech Telecommunications Corp. has a fifty-two week low of $1.53 and a fifty-two week high of $5.16. The firm has a market cap of $56.93 million, a PE ratio of -0.20 and a beta of 1.55. The company's 50-day simple moving average is $2.14 and its 200-day simple moving average is $3.10.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The communications equipment provider reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.01). The company had revenue of $126.57 million for the quarter, compared to analysts' expectations of $117.00 million. Comtech Telecommunications had a negative return on equity of 8.76% and a negative net margin of 48.97%. On average, analysts expect that Comtech Telecommunications Corp. will post -2.38 EPS for the current year.

About Comtech Telecommunications

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.