Short Interest in Computer Task Group, Incorporated (NASDAQ:CTG) Expands By 6.1% – MarketBeat
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Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 20,900 shares, an increase of 6.1% from the September 15th total of 19,700 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Computer Task Group in a research note on Tuesday. They issued a “buy” rating for the company.
Hedge Funds Weigh In On Computer Task Group
A number of large investors have recently added to or reduced their stakes in CTG. Royce & Associates LP raised its position in Computer Task Group by 20.9% during the second quarter. Royce & Associates LP now owns 1,393,106 shares of the information technology services provider’s stock worth $11,925,000 after acquiring an additional 240,870 shares during the period. Vanguard Group Inc. grew its holdings in shares of Computer Task Group by 27.3% during the first quarter. Vanguard Group Inc. now owns 846,388 shares of the information technology services provider’s stock worth $8,269,000 after buying an additional 181,316 shares in the last quarter. Knightsbridge Asset Management LLC grew its holdings in shares of Computer Task Group by 101.7% during the second quarter. Knightsbridge Asset Management LLC now owns 63,512 shares of the information technology services provider’s stock worth $544,000 after buying an additional 32,028 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Computer Task Group during the second quarter worth $146,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Computer Task Group by 69.6% during the second quarter. O Shaughnessy Asset Management LLC now owns 31,232 shares of the information technology services provider’s stock worth $267,000 after buying an additional 12,820 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.
Computer Task Group Price Performance
CTG opened at $7.17 on Thursday. The firm has a fifty day moving average price of $7.31 and a 200 day moving average price of $8.34. Computer Task Group has a 1 year low of $6.42 and a 1 year high of $10.38. The stock has a market cap of $111.27 million, a P/E ratio of 7.39, a P/E/G ratio of 0.60 and a beta of 0.76.
Computer Task Group (NASDAQ:CTG – Get Rating) last posted its earnings results on Thursday, August 4th. The information technology services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $82.76 million during the quarter, compared to analysts’ expectations of $87.93 million. Computer Task Group had a net margin of 3.91% and a return on equity of 11.20%. Equities analysts expect that Computer Task Group will post 0.59 EPS for the current year.
Computer Task Group Company Profile
(Get Rating)
Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.
Further Reading
- Get a free copy of the StockNews.com research report on Computer Task Group (CTG)
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