Skylands Capital LLC Lowers Holdings in Cambium Networks Co. (NASDAQ:CMBM)

Skylands Capital LLC lowered its stake in shares of Cambium Networks Co. (NASDAQ:CMBM) by 65.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 84,500 shares of the company’s stock after selling 160,850 shares during the period. Skylands Capital LLC’s holdings in Cambium Networks were worth $507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CMBM. Bridge City Capital LLC boosted its position in Cambium Networks by 3.5% in the 3rd quarter. Bridge City Capital LLC now owns 114,981 shares of the company’s stock worth $843,000 after purchasing an additional 3,941 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Cambium Networks by 18.3% in the third quarter. Acadian Asset Management LLC now owns 46,494 shares of the company’s stock valued at $339,000 after buying an additional 7,207 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cambium Networks in the third quarter valued at $63,000. Federated Hermes Inc. raised its position in shares of Cambium Networks by 33.1% in the third quarter. Federated Hermes Inc. now owns 40,000 shares of the company’s stock worth $293,000 after acquiring an additional 9,939 shares during the period. Finally, Barclays PLC boosted its stake in shares of Cambium Networks by 77.8% during the 3rd quarter. Barclays PLC now owns 23,814 shares of the company’s stock worth $175,000 after acquiring an additional 10,420 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James increased their target price on Cambium Networks from $5.25 to $5.50 and gave the company an “outperform” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Cambium Networks has an average rating of “Hold” and an average target price of $11.04.

Cambium Networks Price Performance

Shares of Cambium Networks stock opened at $3.66 on Tuesday. The stock has a market capitalization of $102.09 million, a P/E ratio of -1.58 and a beta of 0.94. The business has a 50 day simple moving average of $4.12 and a two-hundred day simple moving average of $4.50. Cambium Networks Co. has a 12 month low of $2.92 and a 12 month high of $18.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.99.

Cambium Networks (NASDAQ:CMBM) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.59). The firm had revenue of $40.21 million for the quarter, compared to analysts’ expectations of $41.82 million. Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. As a group, analysts predict that Cambium Networks Co. will post -0.66 EPS for the current fiscal year.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.