Gerber Kawasaki Wealth & Investment Management lowered its stake in shares of Control4 Corp (NASDAQ:CTRL) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,859 shares of the electronics maker’s stock after selling 10,131 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 0.60% of Control4 worth $2,723,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Rhumbline Advisers lifted its position in Control4 by 22.9% during the 4th quarter. Rhumbline Advisers now owns 75,022 shares of the electronics maker’s stock valued at $1,320,000 after purchasing an additional 13,964 shares during the period. Captrust Financial Advisors raised its position in shares of Control4 by 3,466.4% in the 4th quarter. Captrust Financial Advisors now owns 8,916 shares of the electronics maker’s stock valued at $157,000 after acquiring an additional 8,666 shares during the period. Algert Global LLC raised its position in shares of Control4 by 11.2% in the 1st quarter. Algert Global LLC now owns 18,838 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 1,904 shares during the period. Brinker Capital Inc. raised its position in shares of Control4 by 68.0% in the 1st quarter. Brinker Capital Inc. now owns 41,608 shares of the electronics maker’s stock valued at $704,000 after acquiring an additional 16,838 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Control4 by 8.7% in the 4th quarter. First Trust Advisors LP now owns 65,211 shares of the electronics maker’s stock valued at $1,148,000 after acquiring an additional 5,218 shares during the period. 85.38% of the stock is currently owned by hedge funds and other institutional investors.
CTRL has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Control4 from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Cowen downgraded shares of Control4 from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. Imperial Capital reiterated an “in-line” rating and issued a $24.00 price target on shares of Control4 in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Control4 from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Roth Capital downgraded shares of Control4 from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.57.
In related news, Director Phil Molyneux sold 23,374 shares of the 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 completion of the sale, the director now directly owns 42,347 shares of the company’s stock, valued at approximately $1,005,317.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bryce Judd sold 3,342 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $59,587.86. Following the sale, the senior vice president now directly owns 8,844 shares of the company’s stock, valued at $157,688.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,116 shares of company stock valued at $782,089. 2.90% of the stock is owned by company insiders.
NASDAQ CTRL traded down $0.12 during trading hours on Thursday, reaching $23.64. 195,262 shares of the company’s stock were exchanged, compared to its average volume of 438,858. Control4 Corp has a one year low of $15.59 and a one year high of $37.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.74 and a current ratio of 3.89. The stock has a market cap of $632.13 million, a price-to-earnings ratio of 24.63, a PEG ratio of 2.33 and a beta of 0.88.
Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.17. Control4 had a return on equity of 12.56% and a net margin of 14.94%. The business had revenue of $60.43 million during the quarter, compared to analysts’ expectations of $61.64 million. During the same period in the prior year, the business earned $0.21 EPS. Control4’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that Control4 Corp will post 0.68 EPS for the current year.
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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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