19,619 Shares in Comtech Telecommunications Corp. (NASDAQ:CMTL) Purchased by 272 Capital LP

272 Capital LP acquired a new stake in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,619 shares of the communications equipment provider’s stock, valued at approximately $94,000. 272 Capital LP owned about 0.07% of Comtech Telecommunications as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Covestor Ltd purchased a new position in Comtech Telecommunications during the third quarter worth about $28,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Comtech Telecommunications during the 2nd quarter worth approximately $31,000. Point72 DIFC Ltd acquired a new stake in shares of Comtech Telecommunications in the 2nd quarter valued at approximately $37,000. Summit Securities Group LLC purchased a new stake in shares of Comtech Telecommunications in the second quarter valued at approximately $82,000. Finally, B. Riley Financial Inc. acquired a new position in Comtech Telecommunications during the third quarter worth $155,000.

Comtech Telecommunications Trading Down 1.8 %

Shares of CMTL opened at $3.46 on Friday. Comtech Telecommunications Corp. has a 12-month low of $1.53 and a 12-month high of $8.71. 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 50-day moving average of $3.49 and a two-hundred day moving average of $3.28.

Wall Street Analyst Weigh In

CMTL has been the subject of several recent analyst reports. B. Riley reduced their price objective on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a research note on Monday, November 4th. StockNews.com upgraded Comtech Telecommunications to a “sell” rating in a report on Tuesday, November 12th.

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.