COMTECH TELECOMMUNICATIONS C CMTL
COM NEW · Common Stock · CUSIP 205826209 · ISIN US2058262096
Company headquartered in Chandler, Arizona, United States
- SectorTechnology
- IndustryRadio & Tv Broadcasting & Communications Equipment
- HeadquartersChandler, AZ
- Founded1972
- Websitecomtech.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 28.5m as of 2024-06-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $3.03. Options: 7 managers hold calls ($870.9k notional), 4 hold puts ($275.9k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 144 |
| Q4 2022 | 132 |
| Q1 2023 | 138 |
| Q2 2023 | 150 |
| Q3 2023 | 129 |
| Q4 2023 | 134 |
| Q1 2024 | 112 |
| Q2 2024 | 101 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 45 | 71 |
| Q1 2023 | 63 | 50 |
| Q2 2023 | 86 | 68 |
| Q3 2023 | 44 | 79 |
| Q4 2023 | 62 | 63 |
| Q1 2024 | 53 | 73 |
| Q2 2024 | 53 | 71 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $432.8k | $278.1k | 0.64 |
| Q4 2023 | $389.5k | $290.7k | 0.75 |
| Q1 2024 | $571.0k | $79.6k | 0.14 |
| Q2 2024 | $870.9k | $275.9k | 0.32 |
Biggest buyers
| CLEARFIELD CAPITAL MANAGEMENT LP | New | +1.3m |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Added | +625.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +419.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +414.1k |
| Balyasny Asset Management L.P. | Added | +314.5k |
| TWO SIGMA ADVISERS, LP | Added | +277.1k |
| GOLDMAN SACHS GROUP INC | Added | +237.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +209.8k |
| Penn Mutual Asset Management | Added | +133.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +114.2k |
Biggest sellers
| Archon Capital Management LLC | Reduced | -1.4m |
| BlackRock Inc. | Reduced | -1.4m |
| WASATCH ADVISORS LP | Sold out | -772.8k |
| ROYCE & ASSOCIATES LP | Sold out | -634.4k |
| KENNEDY CAPITAL MANAGEMENT LLC | Sold out | -549.1k |
| CITADEL ADVISORS LLC | Sold out | -534.6k |
| STATE STREET CORP | Reduced | -456.9k |
| MARSHALL WACE, LLP | Sold out | -364.6k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -310.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -310.3k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $275.7k91.0k shares |
| Archon Capital Management LLC | New | $212.1k70.0k shares |
| CITADEL ADVISORS LLC | Added | $203.6k67.2k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $151.5k50.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.0k6.6k shares |
| Ancora Advisors LLC | Reduced | $9.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | New | $227.6k75.1k shares |
| SIMPLEX TRADING, LLC | New | $25.0k8.5k shares |
| CITADEL ADVISORS LLC | Reduced | $23.3k7.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Magnetar Financial LLC
13D · may seek influence
+1.2 pts · filed 2026-06-17
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented as follows: Amended Subordinated Credit Agreement On June 14, 2026, Comtech Telecommunications Corp. ("Comtech" or the "Company") entered into the Amendment No. 3 to Subordinated Credit Agreement (the "Subordinated Amendment No. 3") with the guarantors party thereto, the lenders party thereto and U.S. Bank Trust Company, National Association, as agent (the "Subordinated Agent"), which amends that certain Subordinated Credit Agreement, dated as of October 17, 2024, among the Company, the guarantors party thereto, the lenders party thereto and the Subordinated Agent (as amended by that certain Waiver and Amendment No. 1 to Subordinated Credit Agreement, dated as of March 3, 2025, and that certain Amendment No. 2 to Subordinated … Full filing |
42.8% |
White Hat Capital Partners LP
13D · may seek influence
no change · filed 2026-06-16
Stated purposeAmendment No. 3 to the Subordinated Credit Agreement In connection with the entry by the Issuer, on June 14, 2026, into a Securities Purchase Agreement (the "Purchase Agreement" and the transactions contemplated by the Purchase Agreement the "Transactions"), by and among the Issuer, certain direct or indirect subsidiaries of the Issuer named therein and Wavestream Corporation, a Delaware corporation and an affiliate of Gilat Satellite Networks Ltd, a company incorporated under the laws of the State of Israel, on June 14, 2026, the Issuer entered into an Amendment No. 3 to Subordinated Credit Agreement ("Amendment No. 3 to Subordinated Credit Agreement") with the guarantors party thereto, the lenders party thereto and the Subordinated Agent, which amends that certain Subordinated Credit Ag… Full filing |
10.0% |
| QVT Financial LP 13G · institution new · filed 2026-05-15 | 5.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: ROYCE & ASSOCIATES LP (0.5%, 2026-07-28), NEEDHAM INVESTMENT MANAGEMENT LLC (4.0%, 2026-02-13)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 5 | $289.2k | 0 | — | — |
| Q4 2022 | 1 | $13.4k | 0 | — | — |
| Q1 2023 | 2 | $573.5k | 0 | — | — |
| Q2 2023 | 6 | $1.0m | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 1.3m $4.1m | Reduced -105.7k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.32% of their portfolio | 1.3m $3.9m | Added +625.0k |
| CLEARFIELD CAPITAL MANAGEMENT LP 3.42% of their portfolio | 1.3m $3.8m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 1.1m $3.5m | Added +314.5k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.15% of their portfolio | 1.1m $3.2m | Reduced -40.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 986.6k $3.0m | Reduced -310.9k |
| Invenomic Capital Management LP 0.14% of their portfolio | 867.8k $2.6m | Reduced -18.3k |
| Pacific Ridge Capital Partners, LLC 0.41% of their portfolio | 562.2k $1.7m | Added +100.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 476.2k $1.4m | Added +414.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 450.5k $1.4m | Added +419.0k |
| BlackRock Inc. 0.00% of their portfolio | 423.9k $1.3m | Reduced -1.4m |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 414.8k $1.3m | Added +277.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 388.2k $1.2m | Reduced -172.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 353.5k $1.1m | Added +237.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 330.8k $1.0m | Added +114.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 313.5k $950.2k | Reduced -310.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 276.1k $836.6k | Added +209.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 243.0k $736.3k | Reduced -10.6k |
| Archon Capital Management LLC 0.82% of their portfolio | 231.6k $701.6k | Reduced -1.4m |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 207.4k $628.6k | Added +98.5k |
| Penn Mutual Asset Management 1.31% of their portfolio | 204.0k $618.1k | Added +133.0k |
| Invesco Ltd. 0.00% of their portfolio | 140.0k $424.2k | Reduced -33.3k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 139.2k $421.6k | Reduced -632 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 126.3k $383.0k | Added +43.5k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 109.6k $332.0k | Added +70.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 108.7k $329.3k | Added +72.0k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 105.8k $320.0k | Reduced -96.9k |
| STATE STREET CORP 0.00% of their portfolio | 103.3k $312.9k | Reduced -456.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 89.1k $269.9k | Added +46.0k |
| XTX Topco Ltd 0.02% of their portfolio | 85.8k $259.9k | Added +64.7k |
| MORGAN STANLEY 0.00% of their portfolio | 85.5k $258.9k | Reduced -169.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 81.7k $247.5k | Added +3.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 81.3k $246.2k | Reduced -20.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 81.1k $245.7k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 66.4k $201.0k | New |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 61.8k $187.0k | Added +31.8k |
| Point72 Asia (Singapore) Pte. Ltd. 0.04% of their portfolio | 57.3k $173.5k | New |
| Centiva Capital, LP 0.01% of their portfolio | 56.9k $172.4k | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 51.4k $156.0k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 49.5k $149.9k | Reduced -141.5k |
| Penserra Capital Management LLC 0.00% of their portfolio | 46.9k $142.0k | Reduced -3.6k |
| UBS Group AG 0.00% of their portfolio | 45.7k $138.5k | Reduced -8.9k |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.02% of their portfolio | 42.7k $129.4k | Reduced -12.2k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 40.8k $123.7k | New |
| GABELLI FUNDS LLC 0.00% of their portfolio | 39.2k $118.7k | Reduced -12.1k |
| BARCLAYS PLC 0.00% of their portfolio | 38.7k $117.3k | Reduced -11.0k |
| IRONWOOD INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 38.7k $117.3k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 35.8k $108.4k | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 35.3k $106.8k | Added +33.9k |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.06% of their portfolio | 33.0k $99.9k | Added +12.4k |
| Paloma Partners Management Co 0.01% of their portfolio | 32.7k $99.1k | New |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 30.9k $93.6k | New |
| SUMMIT SECURITIES GROUP LLC 0.03% of their portfolio | 27.0k $82.0k | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 26.1k $79.2k | Added +1.1k |
| Savant Capital, LLC 0.00% of their portfolio | 25.0k $75.8k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 24.6k $77.9k | Unchanged |
| Teton Advisors, Inc. 0.03% of their portfolio | 24.0k $72.7k | Reduced -35.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.4k $69.0k | Reduced -8.6k |
| FourWorld Capital Management LLC 0.09% of their portfolio | 22.0k $66.5k | Reduced -22.5k |
| CITIGROUP INC 0.00% of their portfolio | 21.8k $65.9k | Added +10.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 21.6k $65.3k | Reduced -169 |
| Corton Capital Inc. 0.03% of their portfolio | 19.9k $60.3k | Added +9.7k |
| Caption Management, LLC 0.01% of their portfolio | 19.8k $60.0k | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 18.5k $56.1k | Unchanged |
| GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio | 17.0k $51.5k | New |
| Oak Thistle LLC 0.04% of their portfolio | 16.8k $50.9k | Reduced -2.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 15.1k $45.9k | Reduced -28.2k |
| LPL Financial LLC 0.00% of their portfolio | 14.7k $44.4k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 14.6k $44.4k | First filing |
| Jump Financial, LLC 0.00% of their portfolio | 14.4k $43.8k | Reduced -15.5k |
| Engineers Gate Manager LP 0.00% of their portfolio | 13.5k $40.8k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 13.3k $40.4k | Reduced -3.7k |
| Point72 (DIFC) Ltd 0.00% of their portfolio | 12.0k $36.5k | New |
| B. Riley Wealth Advisors, Inc. 0.00% of their portfolio | 10.3k $31.4k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 9.7k $29.5k | Added +8.7k |
| Catalyst Funds Management Pty Ltd 0.01% of their portfolio | 7.1k $21.5k | Reduced -22.2k |
| Quarry LP 0.00% of their portfolio | 6.9k $21.0k | Added +4.7k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 6.2k $18.8k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 6.0k $18.2k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 5.3k $16.4k | Added +5.1k |
| FMR LLC 0.00% of their portfolio | 5.1k $15.6k | Added +4.6k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 4.3k $12.9k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.4k $10.3k | Reduced -10.1k |
| US BANCORP \DE\ 0.00% of their portfolio | 3.3k $10.0k | New |
| Investors Research Corp 0.00% of their portfolio | 2.4k $7.3k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.7k $5.0k | Added +1.1k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 1.4k $4.4k | New |
| CWM, LLC 0.00% of their portfolio | 550 $2.0k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 500 $1.5k | Unchanged |
| Ameliora Wealth Management Ltd. 0.00% of their portfolio | 500 $1.5k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 235 $712 | Reduced -8.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 213 $645 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 175 $529 | Reduced -9.9k |
| Redwood Wealth Management Group, LLC 0.00% of their portfolio | 100 $303 | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 71 $215 | Reduced -1.2k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 15 $45 | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 11 $33 | New |
| INNEALTA CAPITAL, LLC 0.00% of their portfolio | 5 $15 | New |
| Sandy Spring Bank 0.00% of their portfolio | 3 $10 | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $3 | Unchanged |