Charles Schwab Investment Management Inc. Has $834,000 Stock Holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Charles Schwab Investment Management Inc. reduced its position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 55.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,315 shares of the communications equipment provider’s stock after selling 214,908 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.60% of Comtech Telecommunications worth $834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royce & Associates LP bought a new stake in shares of Comtech Telecommunications during the third quarter valued at approximately $4,759,000. Pacific Ridge Capital Partners LLC raised its stake in shares of Comtech Telecommunications by 21.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 562,239 shares of the communications equipment provider’s stock worth $1,704,000 after purchasing an additional 100,577 shares during the last quarter. 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. XTX Topco Ltd boosted 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 valued at $260,000 after buying an additional 64,659 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Comtech Telecommunications during the second quarter worth $174,000.

Comtech Telecommunications Stock Performance

Shares of CMTL opened at $3.12 on Thursday. The stock has a 50 day moving average of $3.40 and a 200 day moving average of $3.31. The company has a current ratio of 1.83, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. Comtech Telecommunications Corp. has a 12 month low of $1.53 and a 12 month high of $8.71. The company has a market capitalization of $90.87 million, a price-to-earnings ratio of -0.66 and a beta of 1.57.

Analyst Ratings Changes

Several brokerages have weighed in on CMTL. StockNews.com upgraded Comtech Telecommunications to a “sell” rating in a research note on Tuesday, November 12th. B. Riley dropped their price target on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research report on Monday, November 4th.

About Comtech Telecommunications

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.