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

Jump Financial LLC acquired a new position in Comtech Telecommunications Corp. (NASDAQ:CMTL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,779 shares of the communications equipment provider’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMTL. Barclays PLC lifted its position in shares of Comtech Telecommunications by 39.0% during the 4th quarter. Barclays PLC now owns 42,425 shares of the communications equipment provider’s stock valued at $171,000 after buying an additional 11,908 shares during the last quarter. 272 Capital LP purchased a new position in shares of Comtech Telecommunications during the 3rd quarter valued at $94,000. Walleye Capital LLC purchased a new position in shares of Comtech Telecommunications during the 4th quarter valued at $121,000. Geode Capital Management LLC lifted its position in shares of Comtech Telecommunications by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 346,840 shares of the communications equipment provider’s stock valued at $1,669,000 after buying an additional 33,305 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Comtech Telecommunications during the 4th quarter valued at $297,000.

Analysts Set New Price Targets

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

Comtech Telecommunications Stock Performance

NASDAQ:CMTL opened at $1.39 on Tuesday. Comtech Telecommunications Corp. has a 52-week low of $1.19 and a 52-week high of $5.16. The firm has a market cap of $40.79 million, a price-to-earnings ratio of -0.14 and a beta of 1.23. The business’s fifty day moving average is $1.65 and its 200 day moving average is $2.64.

Comtech Telecommunications (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, March 12th. The communications equipment provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. The company had revenue of $126.57 million for the quarter, compared to the consensus estimate of $117.00 million. Equities 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.