Lincluden Management Ltd. held its stake in shares of Control4 Corporation (NASDAQ:CTRL) during the second quarter, Holdings Channel reports. The fund owned 12,116 shares of the electronics maker’s stock at the end of the second quarter. Lincluden Management Ltd.’s holdings in Control4 Corporation were worth $237,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Bowling Portfolio Management LLC acquired a new stake in shares of Control4 Corporation during the first quarter valued at $1,053,000. Wells Fargo & Company MN increased its stake in shares of Control4 Corporation by 332.8% in the first quarter. Wells Fargo & Company MN now owns 57,225 shares of the electronics maker’s stock valued at $904,000 after buying an additional 44,002 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Control4 Corporation during the first quarter valued at $884,000. Russell Investments Group Ltd. increased its stake in shares of Control4 Corporation by 32.9% in the first quarter. Russell Investments Group Ltd. now owns 72,332 shares of the electronics maker’s stock valued at $1,142,000 after buying an additional 17,892 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Control4 Corporation during the first quarter valued at $263,000. Hedge funds and other institutional investors own 75.15% of the company’s stock.
Shares of Control4 Corporation (NASDAQ CTRL) traded down 0.35% during mid-day trading on Friday, hitting $22.86. The company’s stock had a trading volume of 246,024 shares. The company has a market cap of $556.44 million, a price-to-earnings ratio of 81.35 and a beta of -0.65. Control4 Corporation has a 1-year low of $8.50 and a 1-year high of $24.94. The company has a 50-day moving average of $21.13 and a 200 day moving average of $16.79.
Control4 Corporation (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, May 4th. The electronics maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07. The firm had revenue of $50.20 million for the quarter, compared to the consensus estimate of $47.29 million. Control4 Corporation had a return on equity of 7.58% and a net margin of 3.31%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, analysts expect that Control4 Corporation will post $0.96 EPS for the current year.
Several analysts recently weighed in on the company. BidaskClub downgraded Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded Control4 Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 10th. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Control4 Corporation in a research note on Wednesday, May 31st. Maxim Group assumed coverage on Control4 Corporation in a research note on Thursday, May 11th. They set a “hold” rating and a $19.00 target price for the company. Finally, Imperial Capital increased their target price on Control4 Corporation from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $19.29.
In other news, SVP Eric Anderson sold 147,622 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $17.78, for a total value of $2,624,719.16. Following the transaction, the senior vice president now owns 51,597 shares of the company’s stock, valued at $917,394.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bryce Judd sold 2,551 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $17.29, for a total value of $44,106.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 230,582 shares of company stock worth $4,154,215. Company insiders own 6.10% of the company’s stock.
Control4 Corporation Company Profile
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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