Paloma Partners Management Co bought a new position in shares of Control4 Corp (NASDAQ:CTRL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,132 shares of the electronics maker’s stock, valued at approximately $837,000. Paloma Partners Management Co owned about 0.11% of Control4 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Two Sigma Investments LP bought a new position in Control4 during the 4th quarter worth $268,000. Stone Ridge Asset Management LLC bought a new position in Control4 during the 4th quarter worth $784,000. Guggenheim Capital LLC bought a new position in Control4 during the 4th quarter worth $2,607,000. Deutsche Bank AG raised its position in Control4 by 65.6% during the 4th quarter. Deutsche Bank AG now owns 146,721 shares of the electronics maker’s stock worth $4,365,000 after purchasing an additional 58,118 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Control4 by 50.8% during the 4th quarter. Geode Capital Management LLC now owns 275,203 shares of the electronics maker’s stock worth $8,189,000 after purchasing an additional 92,704 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.
Shares of Control4 Corp (NASDAQ:CTRL) opened at $24.83 on Tuesday. Control4 Corp has a 1-year low of $14.55 and a 1-year high of $35.99. The firm has a market capitalization of $639.12, a PE ratio of 42.09, a price-to-earnings-growth ratio of 2.06 and a beta of -0.42.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, February 8th. The electronics maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.21 million. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. equities research analysts expect that Control4 Corp will post 0.8 EPS for the current year.
Control4 announced that its Board of Directors has approved a stock buyback plan on Thursday, February 8th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the electronics maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Control4 from a “hold” rating to a “strong sell” rating in a report on Thursday, January 25th. BidaskClub downgraded Control4 from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Imperial Capital increased their price target on Control4 from $28.00 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, January 23rd. Cowen reiterated a “buy” rating on shares of Control4 in a report on Tuesday, January 9th. Finally, Maxim Group upgraded Control4 from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $36.00 in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Control4 presently has an average rating of “Buy” and an average price target of $30.50.
In other news, SVP Eric Anderson sold 14,384 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $30.54, for a total value of $439,287.36. Following the completion of the sale, the senior vice president now directly owns 17,388 shares in the company, valued at approximately $531,029.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Martin Plaehn sold 41,585 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $24.51, for a total value of $1,019,248.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,103 shares of company stock valued at $4,760,985. 6.10% of the stock is currently owned by company insiders.
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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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