Cambium Networks Co. (NASDAQ:CMBM) Shares Sold by Private Capital Group LLC

Private Capital Group LLC lowered its holdings in shares of Cambium Networks Co. (NASDAQ:CMBM) by 37.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 819 shares of the company’s stock after selling 481 shares during the period. Private Capital Group LLC’s holdings in Cambium Networks were worth $30,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Cambium Networks by 14,450.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 873 shares of the company’s stock worth $42,000 after purchasing an additional 867 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Cambium Networks in the 3rd quarter worth $60,000. Legal & General Group Plc lifted its stake in shares of Cambium Networks by 50.9% in the 2nd quarter. Legal & General Group Plc now owns 1,325 shares of the company’s stock worth $64,000 after acquiring an additional 447 shares during the period. Whittier Trust Co. acquired a new stake in shares of Cambium Networks in the 2nd quarter worth $92,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Cambium Networks in the 2nd quarter worth $107,000.

Several analysts have recently commented on the stock. TheStreet cut shares of Cambium Networks from a “b-” rating to a “c+” rating in a research note on Thursday, August 19th. Vertical Research cut shares of Cambium Networks from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 12th. Barrington Research reduced their target price on shares of Cambium Networks from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 9th. Roth Capital raised their target price on shares of Cambium Networks from $64.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, August 10th. Finally, Zacks Investment Research downgraded shares of Cambium Networks from a “hold” rating to a “strong sell” rating and set a $24.00 price target for the company. in a report on Tuesday, October 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Cambium Networks presently has a consensus rating of “Hold” and an average target price of $56.86.

NASDAQ:CMBM opened at $28.21 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.00 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $32.31 and a two-hundred day moving average price of $40.09. Cambium Networks Co. has a twelve month low of $22.76 and a twelve month high of $66.40. The company has a market capitalization of $751.68 million, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.35 and a beta of 0.34.

Cambium Networks (NASDAQ:CMBM) last posted its earnings results on Thursday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Cambium Networks had a net margin of 13.68% and a return on equity of 52.65%. The firm had revenue of $75.90 million during the quarter, compared to the consensus estimate of $75.10 million. During the same period last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 110.2% on a year-over-year basis. On average, equities research analysts predict that Cambium Networks Co. will post 1.02 earnings per share for the current year.

In other news, General Counsel Sally Rau sold 21,250 shares of Cambium Networks stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $36.56, for a total transaction of $776,900.00. Following the completion of the sale, the general counsel now directly owns 11,250 shares in the company, valued at $411,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott Imhoff sold 5,000 shares of Cambium Networks stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $35.69, for a total transaction of $178,450.00. Following the sale, the vice president now owns 10,037 shares of the company’s stock, valued at $358,220.53. The disclosure for this sale can be found here. Company insiders own 66.80% of the company’s stock.

About Cambium Networks

Cambium Networks Corp. engages in the provision of wireless broadband networking infrastructure solutions for network operators. Its products include point-to-point, enterprise Wi-Fi and switching, CCTV,software, and point-to multipoint. The company was founded in 2011 and is headquartered in Rolling Meadows, IL.

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Institutional Ownership by Quarter for Cambium Networks (NASDAQ:CMBM)

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