Barclays PLC Has $171,000 Holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Barclays PLC boosted its holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 39.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,425 shares of the communications equipment provider’s stock after buying an additional 11,908 shares during the quarter. Barclays PLC’s holdings in Comtech Telecommunications were worth $171,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Royce & Associates LP raised its position in Comtech Telecommunications by 34.0% in the fourth quarter. Royce & Associates LP now owns 1,325,608 shares of the communications equipment provider’s stock valued at $5,316,000 after purchasing an additional 336,310 shares during the last quarter. Nkcfo LLC bought a new position in Comtech Telecommunications in the fourth quarter valued at about $401,000. Finally, Renaissance Technologies LLC bought a new position in Comtech Telecommunications in the fourth quarter valued at about $297,000.

Comtech Telecommunications Trading Up 7.9%

Comtech Telecommunications stock opened at $1.64 on Wednesday. The company has a market capitalization of $48.13 million, a PE ratio of -0.17 and a beta of 1.00. Comtech Telecommunications Corp. has a 12 month low of $1.19 and a 12 month high of $5.16. The stock has a 50-day moving average price of $1.57 and a two-hundred day moving average price of $2.46.

Comtech Telecommunications (NASDAQ:CMTL) last posted its earnings results on Wednesday, March 12th. The communications equipment provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01). The firm had revenue of $126.57 million during the quarter, compared to the consensus estimate of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. As a group, analysts predict that Comtech Telecommunications Corp. will post -2.38 earnings per share for the current fiscal 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.