Geode Capital Management LLC Has $1.67 Million Position in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Geode Capital Management LLC boosted its stake in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 10.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 346,840 shares of the communications equipment provider’s stock after buying an additional 33,305 shares during the period. Geode Capital Management LLC’s holdings in Comtech Telecommunications were worth $1,669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. XTX Topco Ltd increased its position in shares of Comtech Telecommunications by 306.2% during the second quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock worth $260,000 after acquiring an additional 64,659 shares in the last quarter. Point72 DIFC Ltd bought a new position in Comtech Telecommunications during the 2nd quarter worth about $37,000. Squarepoint Ops LLC increased its holdings in Comtech Telecommunications by 107.0% during the 2nd quarter. Squarepoint Ops LLC now owns 89,070 shares of the communications equipment provider’s stock worth $270,000 after purchasing an additional 46,041 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Comtech Telecommunications in the 2nd quarter valued at about $174,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Comtech Telecommunications by 90.4% in the second quarter. AQR Capital Management LLC now owns 207,447 shares of the communications equipment provider’s stock valued at $629,000 after purchasing an additional 98,479 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on CMTL. B. Riley cut their target price on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com raised shares of Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd.

Comtech Telecommunications Price Performance

NASDAQ:CMTL opened at $3.89 on Thursday. The stock’s 50-day simple moving average is $3.40 and its 200 day simple moving average is $3.45. Comtech Telecommunications Corp. has a 52-week low of $1.53 and a 52-week high of $8.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. The company has a market cap of $113.30 million, a P/E ratio of -0.83 and a beta of 1.52.

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.