Jump Financial LLC Invests $91,000 in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Jump Financial LLC purchased a new position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,779 shares of the communications equipment provider’s stock, valued at approximately $91,000. Jump Financial LLC owned approximately 0.08% of Comtech Telecommunications as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CMTL. Barclays PLC grew its stake in shares of Comtech Telecommunications by 39.0% in the fourth quarter. Barclays PLC now owns 42,425 shares of the communications equipment provider’s stock worth $171,000 after purchasing an additional 11,908 shares during the last quarter. 272 Capital LP bought a new stake in shares of Comtech Telecommunications in the third quarter worth $94,000. Walleye Capital LLC bought a new stake in shares of Comtech Telecommunications in the fourth quarter worth $121,000. Geode Capital Management LLC grew its stake in shares of Comtech Telecommunications by 10.6% in the third quarter. Geode Capital Management LLC now owns 346,840 shares of the communications equipment provider’s stock worth $1,669,000 after purchasing an additional 33,305 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Comtech Telecommunications in the fourth quarter worth $297,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Comtech Telecommunications to a “sell” rating in a research note on Thursday, January 2nd.

Comtech Telecommunications Trading Down 2.8 %

Shares of CMTL opened at $1.39 on Tuesday. The stock has a market capitalization of $40.79 million, a P/E ratio of -0.14 and a beta of 1.23. The firm’s fifty day simple moving average is $1.65 and its two-hundred day simple moving average is $2.64. Comtech Telecommunications Corp. has a 12 month low of $1.19 and a 12 month high of $5.16.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, March 12th. The communications equipment provider reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). The firm had revenue of $126.57 million for 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, research analysts predict that Comtech Telecommunications Corp. will post -2.38 EPS for the current fiscal year.

Comtech Telecommunications 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.