Control4 Corp (CTRL) Holdings Boosted by Rhumbline Advisers

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Rhumbline Advisers boosted its stake in shares of Control4 Corp (NASDAQ:CTRL) by 5.4% during the second quarter, HoldingsChannel.com reports. The firm owned 53,608 shares of the electronics maker’s stock after acquiring an additional 2,747 shares during the period. Rhumbline Advisers’ holdings in Control4 were worth $1,303,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Control4 by 677.4% during the second quarter. Victory Capital Management Inc. now owns 57,552 shares of the electronics maker’s stock worth $1,399,000 after purchasing an additional 50,149 shares during the period. BlackRock Inc. raised its stake in shares of Control4 by 5.0% in the 1st quarter. BlackRock Inc. now owns 2,986,675 shares of the electronics maker’s stock valued at $64,155,000 after acquiring an additional 142,055 shares during the period. Principal Financial Group Inc. raised its stake in shares of Control4 by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 182,953 shares of the electronics maker’s stock valued at $3,930,000 after acquiring an additional 9,621 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Control4 by 663.9% in the 1st quarter. JPMorgan Chase & Co. now owns 41,771 shares of the electronics maker’s stock valued at $897,000 after acquiring an additional 36,303 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Control4 in the 1st quarter valued at $886,000. 79.40% of the stock is currently owned by institutional investors.

In related news, SVP Susan Cashen sold 10,384 shares of Control4 stock in a transaction on Monday, June 18th. The shares were sold at an average price of $25.14, for a total transaction of $261,053.76. Following the sale, the senior vice president now owns 3,829 shares of the company’s stock, valued at approximately $96,261.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryce Judd sold 1,042 shares of Control4 stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $24.11, for a total transaction of $25,122.62. Following the sale, the senior vice president now directly owns 1,042 shares in the company, valued at approximately $25,122.62. The disclosure for this sale can be found here. Insiders have sold a total of 552,920 shares of company stock worth $17,925,175 in the last ninety days. 6.10% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on CTRL shares. ValuEngine raised shares of Control4 from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded shares of Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. BidaskClub downgraded shares of Control4 from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 26th. Roth Capital started coverage on shares of Control4 in a research note on Wednesday, June 13th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Imperial Capital reissued an “outperform” rating and issued a $30.00 target price on shares of Control4 in a research note on Monday, August 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.50.

Shares of CTRL stock opened at $37.14 on Friday. Control4 Corp has a 52 week low of $20.50 and a 52 week high of $37.62. The firm has a market capitalization of $946.23 million, a PE ratio of 39.41, a price-to-earnings-growth ratio of 3.45 and a beta of -0.10.

Control4 (NASDAQ:CTRL) last issued its earnings results on Thursday, August 2nd. The electronics maker reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.21. Control4 had a net margin of 7.21% and a return on equity of 15.03%. The business had revenue of $69.20 million for the quarter, compared to the consensus estimate of $68.02 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts forecast that Control4 Corp will post 0.91 earnings per share for the current year.

Control4 Profile

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

Read More: How to Invest in an Index Fund

Want to see what other hedge funds are holding CTRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Control4 Corp (NASDAQ:CTRL).

Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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