Jane Street Group LLC Has $96,000 Stock Holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Jane Street Group LLC decreased its position in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 81.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,024 shares of the communications equipment provider’s stock after selling 88,654 shares during the period. Jane Street Group LLC owned approximately 0.07% of Comtech Telecommunications worth $96,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Covestor Ltd bought a new stake in Comtech Telecommunications in the 3rd quarter valued at $28,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Comtech Telecommunications in the second quarter valued at about $31,000. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications during the second quarter worth about $37,000. 272 Capital LP bought a new position in shares of Comtech Telecommunications during the third quarter worth about $94,000. Finally, B. Riley Financial Inc. acquired a new stake in Comtech Telecommunications in the 3rd quarter valued at approximately $155,000.

Comtech Telecommunications Stock Up 19.7 %

CMTL stock opened at $2.80 on Wednesday. The company has a market cap of $81.55 million, a price-to-earnings ratio of -0.60 and a beta of 1.52. Comtech Telecommunications Corp. has a twelve month low of $1.53 and a twelve month high of $8.18. The business has a 50 day moving average price of $3.42 and a two-hundred day moving average price of $3.45. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56.

Comtech Telecommunications (NASDAQ:CMTL) last released its earnings results on Monday, January 13th. The communications equipment provider reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.88). Comtech Telecommunications had a negative net margin of 18.50% and a positive return on equity of 2.38%. Analysts anticipate that Comtech Telecommunications Corp. will post -0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMTL has been the subject of a number of recent research reports. StockNews.com raised Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd. B. Riley decreased their target price on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a research report on Monday, November 4th.

Comtech Telecommunications 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.