Public Employees Retirement System of Ohio Acquires 4,353 Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL)

Public Employees Retirement System of Ohio grew its holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 20.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,176 shares of the communications equipment provider’s stock after acquiring an additional 4,353 shares during the quarter. Public Employees Retirement System of Ohio owned 0.09% of Comtech Telecommunications worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Comtech Telecommunications by 510.9% in the first quarter. Tower Research Capital LLC TRC now owns 3,476 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,907 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Comtech Telecommunications by 402.2% during the second quarter. Captrust Financial Advisors now owns 5,318 shares of the communications equipment provider’s stock valued at $48,000 after acquiring an additional 4,259 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of Comtech Telecommunications during the third quarter valued at $54,000. Osaic Holdings Inc. lifted its holdings in shares of Comtech Telecommunications by 93.6% during the second quarter. Osaic Holdings Inc. now owns 8,006 shares of the communications equipment provider’s stock valued at $73,000 after acquiring an additional 3,870 shares during the period. Finally, Point72 Middle East FZE bought a new position in shares of Comtech Telecommunications during the second quarter valued at $93,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMTL. StockNews.com lowered Comtech Telecommunications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Jefferies Financial Group lowered Comtech Telecommunications from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $10.00 to $7.50 in a research report on Friday, December 8th. Finally, B. Riley assumed coverage on Comtech Telecommunications in a research report on Friday, December 15th. They issued a “buy” rating and a $18.25 price objective for the company.

Comtech Telecommunications Trading Up 12.1 %

CMTL opened at $3.51 on Thursday. Comtech Telecommunications Corp. has a 1-year low of $3.06 and a 1-year high of $13.04. The stock’s fifty day simple moving average is $5.96 and its 200 day simple moving average is $8.46. The stock has a market cap of $99.93 million, a PE ratio of -2.06, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.

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.