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Control4 Corp (CTRL): How It Stacks Up Against Its Peers

Now, specific money managers have jumped into Control4 Corp (NASDAQ:CTRL) headfirst. Coe Capital Management, led by Mark Coe, assembled the most outsized position in Control4 Corp (NASDAQ:CTRL). Coe Capital Management had $1.6 million invested in the company at the end of the quarter. Millennium Management , one of the 10 largest hedge funds in the world, also initiated a $1.5 million position during the quarter. The other funds with brand new CTRL positions are Peter Muller’s PDT Partners, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Control4 Corp (NASDAQ:CTRL) but similarly valued. We will take a look at ASA Gold and Precious Metals Ltd (NYSE:ASA), Ascent Capital Group Inc (NASDAQ:ASCMA), Care.com Inc (NYSE:CRCM), and America’s Car-Mart, Inc. (NASDAQ:CRMT). All of these stocks’ market caps resemble CTRL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ASA 4 19661 4
ASCMA 14 100266 2
CRCM 13 48127 1
CRMT 7 82666 1

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $63 million. That figure was $39 million in CTRL’s case. Ascent Capital Group Inc (NASDAQ:ASCMA) is the most popular stock in this table. On the other hand ASA Gold and Precious Metals Ltd (NYSE:ASA) is the least popular one with only 4 bullish hedge fund positions. Control4 Corp (NASDAQ:CTRL) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ASCMA might be a better candidate to consider taking a long position in, but CTRL is one to watch.

Disclosure: None

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