Cambium Networks Co. (NASDAQ:CMBM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Cambium Networks Co. (NASDAQ:CMBM) by 22.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,151 shares of the company’s stock after selling 43,359 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cambium Networks were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Cambium Networks by 0.8% during the first quarter. Vanguard Group Inc. now owns 798,373 shares of the company’s stock worth $3,441,000 after buying an additional 6,125 shares in the last quarter. Connors Investor Services Inc. boosted its holdings in Cambium Networks by 13.5% in the first quarter. Connors Investor Services Inc. now owns 338,007 shares of the company’s stock valued at $1,457,000 after purchasing an additional 40,179 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Cambium Networks by 13.5% in the second quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock valued at $851,000 after purchasing an additional 36,270 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Cambium Networks by 60.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock valued at $1,253,000 after purchasing an additional 109,837 shares in the last quarter. Finally, Bridge City Capital LLC lifted its stake in Cambium Networks by 2.9% in the first quarter. Bridge City Capital LLC now owns 268,231 shares of the company’s stock valued at $1,156,000 after buying an additional 7,605 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Cambium Networks Stock Down 2.1 %

Cambium Networks stock opened at $1.42 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.37 and a current ratio of 1.93. The firm has a market capitalization of $39.61 million, a price-to-earnings ratio of -0.42 and a beta of 0.93. Cambium Networks Co. has a fifty-two week low of $1.40 and a fifty-two week high of $6.50. The stock’s fifty day moving average is $1.72 and its two-hundred day moving average is $2.64.

Cambium Networks (NASDAQ:CMBM) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.03). The company had revenue of $45.95 million for the quarter, compared to analyst estimates of $45.92 million. Cambium Networks had a negative net margin of 58.76% and a negative return on equity of 83.80%. Analysts predict that Cambium Networks Co. will post -1.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Roth Mkm cut their price target on Cambium Networks from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities cut their price objective on Cambium Networks from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.