Gerber Kawasaki Wealth & Investment Management decreased its position in shares of Control4 Corp (NASDAQ:CTRL) by 36.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,990 shares of the electronics maker’s stock after selling 98,457 shares during the period. Gerber Kawasaki Wealth & Investment Management owned 0.64% of Control4 worth $3,009,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Control4 during the 3rd quarter worth about $129,000. Stratos Wealth Partners LTD. bought a new position in shares of Control4 during the 3rd quarter worth about $139,000. Canandaigua National Bank & Trust Co. bought a new position in shares of Control4 during the 3rd quarter worth about $203,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Control4 during the 3rd quarter worth about $214,000. Finally, Wakefield Asset Management LLLP bought a new position in shares of Control4 during the 3rd quarter worth about $278,000. 85.42% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Control4 from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. ValuEngine raised shares of Control4 from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. BidaskClub cut shares of Control4 from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 6th. Finally, Roth Capital set a $24.00 target price on shares of Control4 and gave the company a “buy” rating in a research note on Tuesday, February 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.13.
In other Control4 news, SVP Susan Cashen sold 2,049 shares of the business’s stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $20.00, for a total value of $40,980.00. Following the transaction, the senior vice president now directly owns 2,049 shares in the company, valued at $40,980. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark Novakovich sold 9,400 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total transaction of $167,602.00. Following the completion of the transaction, the chief financial officer now owns 9,935 shares in the company, valued at $177,141.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,588 shares of company stock worth $463,372. Company insiders own 4.40% of the company’s stock.
NASDAQ CTRL traded down $0.07 on Friday, reaching $16.75. The company’s stock had a trading volume of 323,387 shares, compared to its average volume of 457,690. The stock has a market cap of $444.21 million, a P/E ratio of 17.45, a PEG ratio of 2.28 and a beta of 0.91. Control4 Corp has a 52 week low of $15.59 and a 52 week high of $37.62.
Control4 (NASDAQ:CTRL) last posted its earnings results on Monday, February 4th. The electronics maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $72.50 million for the quarter, compared to analysts’ expectations of $73.07 million. Control4 had a net margin of 16.09% and a return on equity of 14.53%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, equities analysts predict that Control4 Corp will post 0.68 EPS for the current year.
Control4 Company Profile
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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