PEAK6 Investments L.P. lowered its position in Control4 Corp (NASDAQ:CTRL) by 51.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 45,285 shares of the electronics maker’s stock after selling 47,887 shares during the period. PEAK6 Investments L.P. owned 0.18% of Control4 worth $1,348,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CTRL. Advisory Services Network LLC increased its stake in shares of Control4 by 160.7% in the 4th quarter. Advisory Services Network LLC now owns 3,910 shares of the electronics maker’s stock worth $116,000 after acquiring an additional 2,410 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Control4 in the 3rd quarter worth $130,000. LS Investment Advisors LLC increased its stake in shares of Control4 by 866.5% in the 4th quarter. LS Investment Advisors LLC now owns 5,992 shares of the electronics maker’s stock worth $178,000 after acquiring an additional 5,372 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Control4 in the 3rd quarter worth $183,000. Finally, Winslow Evans & Crocker Inc. acquired a new stake in shares of Control4 in the 4th quarter worth $209,000. Institutional investors own 77.64% of the company’s stock.
A number of analysts have issued reports on CTRL shares. Dougherty & Co reaffirmed a “neutral” rating on shares of Control4 in a research note on Monday, February 12th. BidaskClub downgraded Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Cowen reaffirmed a “buy” rating on shares of Control4 in a research note on Tuesday, January 9th. Zacks Investment Research downgraded Control4 from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Imperial Capital raised their price objective on Control4 from $28.00 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.67.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. research analysts anticipate that Control4 Corp will post 0.79 EPS for the current year.
Control4 declared that its board has authorized a stock repurchase 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. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other Control4 news, insider Greg Bishop sold 2,178 shares of Control4 stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $25.58, for a total value of $55,713.24. Following the completion of the transaction, the insider now directly owns 15,962 shares of the company’s stock, valued at approximately $408,307.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Martin Plaehn sold 41,585 shares of Control4 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. Insiders have sold a total of 186,103 shares of company stock valued at $4,760,985 over the last three months. Corporate insiders own 6.10% of the company’s stock.
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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