WCM Investment Management LLC Grows Stock Position in Control4 Corp (NASDAQ:CTRL)

WCM Investment Management LLC grew its holdings in shares of Control4 Corp (NASDAQ:CTRL) by 79.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,900 shares of the electronics maker’s stock after acquiring an additional 91,437 shares during the quarter. WCM Investment Management LLC owned 0.77% of Control4 worth $3,486,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Flinton Capital Management LLC bought a new stake in shares of Control4 during the 4th quarter valued at $31,000. Neuburgh Advisers LLC bought a new stake in shares of Control4 during the 4th quarter valued at about $37,000. Quantamental Technologies LLC grew its stake in shares of Control4 by 7,955.4% during the 1st quarter. Quantamental Technologies LLC now owns 4,511 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 4,455 shares during the period. NumerixS Investment Technologies Inc grew its stake in shares of Control4 by 866.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 5,800 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 5,200 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Control4 by 192.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 4,561 shares during the period. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Phil Molyneux sold 23,374 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total transaction of $554,898.76. Following the sale, the director now directly owns 42,347 shares of the company’s stock, valued at approximately $1,005,317.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Born sold 3,570 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $23.64, for a total value of $84,394.80. Following the sale, the director now owns 17,867 shares in the company, valued at approximately $422,375.88. The disclosure for this sale can be found here. Insiders have sold a total of 27,944 shares of company stock worth $662,924 over the last ninety days. Insiders own 2.90% of the company’s stock.

A number of research analysts recently issued reports on CTRL shares. Zacks Investment Research upgraded Control4 from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BidaskClub downgraded Control4 from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 6th. Cowen downgraded Control4 from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 9th. DA Davidson downgraded Control4 from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $24.00 in a research note on Thursday, May 9th. Finally, ValuEngine upgraded Control4 from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.57.

CTRL stock opened at $23.75 on Friday. Control4 Corp has a 1-year low of $15.59 and a 1-year high of $37.62. The company has a quick ratio of 2.74, a current ratio of 3.89 and a debt-to-equity ratio of 0.04. The company has a market cap of $636.75 million, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. The business has a 50 day simple moving average of $23.69.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.17. The business had revenue of $60.43 million during the quarter, compared to the consensus estimate of $61.64 million. Control4 had a return on equity of 12.56% and a net margin of 14.94%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, equities analysts predict that Control4 Corp will post 0.71 EPS for the current fiscal year.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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