AQR Capital Management LLC Has $629,000 Position in Comtech Telecommunications Corp. (NASDAQ:CMTL)

AQR Capital Management LLC boosted its position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 90.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,447 shares of the communications equipment provider’s stock after purchasing an additional 98,479 shares during the quarter. AQR Capital Management LLC’s holdings in Comtech Telecommunications were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP bought a new position in Comtech Telecommunications in the first quarter valued at approximately $2,651,000. Invenomic Capital Management LP lifted its position in shares of Comtech Telecommunications by 369.1% in the first quarter. Invenomic Capital Management LP now owns 886,135 shares of the communications equipment provider’s stock worth $3,039,000 after purchasing an additional 697,248 shares in the last quarter. Archon Capital Management LLC lifted its position in shares of Comtech Telecommunications by 15.4% in the first quarter. Archon Capital Management LLC now owns 1,655,473 shares of the communications equipment provider’s stock worth $5,678,000 after purchasing an additional 221,380 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Comtech Telecommunications by 306.2% in the second quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock worth $260,000 after purchasing an additional 64,659 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Comtech Telecommunications in the second quarter worth $174,000.

Comtech Telecommunications Trading Up 3.2 %

CMTL opened at $4.49 on Monday. The company’s 50 day moving average is $3.53 and its 200-day moving average is $2.95. Comtech Telecommunications Corp. has a 1-year low of $1.53 and a 1-year high of $13.04. The company has a current ratio of 1.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.39. The company has a market cap of $127.93 million, a P/E ratio of -3.18, a PEG ratio of 1.61 and a beta of 1.59.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Comtech Telecommunications from an “underperform” rating to a “hold” rating and set a $3.50 price target on the stock in a research report on Tuesday, June 25th.

Comtech Telecommunications Company 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.