Pacific Ridge Capital Partners LLC Has $1.84 Million Stock Position in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Pacific Ridge Capital Partners LLC cut its position in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 459,630 shares of the communications equipment provider’s stock after selling 60,984 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Comtech Telecommunications were worth $1,843,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CMTL. 272 Capital LP bought a new position in Comtech Telecommunications in the third quarter worth approximately $94,000. B. Riley Financial Inc. acquired a new position in shares of Comtech Telecommunications during the third quarter worth approximately $155,000. Nkcfo LLC acquired a new position in shares of Comtech Telecommunications during the fourth quarter worth approximately $401,000. MML Investors Services LLC lifted its holdings in shares of Comtech Telecommunications by 39.5% in 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 in the last quarter. Finally, Penn Mutual Asset Management grew its position in Comtech Telecommunications by 62.7% in the 3rd quarter. Penn Mutual Asset Management now owns 332,004 shares of the communications equipment provider’s stock valued at $1,597,000 after purchasing an additional 128,000 shares during the period.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Comtech Telecommunications to a “sell” rating in a report on Thursday, January 2nd.

Comtech Telecommunications Stock Performance

Shares of CMTL opened at $1.79 on Thursday. Comtech Telecommunications Corp. has a 52 week low of $1.53 and a 52 week high of $5.16. The stock has a 50 day moving average price of $2.09 and a two-hundred day moving average price of $3.08. The firm has a market capitalization of $52.53 million, a P/E ratio of -0.18 and a beta of 1.55.

Comtech Telecommunications (NASDAQ:CMTL) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. On average, equities analysts forecast that Comtech Telecommunications Corp. will post -2.38 earnings per share for the current year.

Comtech Telecommunications Company Profile

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.