Bridge City Capital LLC Raises Position in Cambium Networks Co. (NASDAQ:CMBM)

Bridge City Capital LLC lifted its stake in shares of Cambium Networks Co. (NASDAQ:CMBM) by 35.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,040 shares of the company’s stock after buying an additional 29,064 shares during the quarter. Bridge City Capital LLC owned 0.40% of Cambium Networks worth $1,690,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMBM. Swiss National Bank raised its stake in shares of Cambium Networks by 10.0% during the first quarter. Swiss National Bank now owns 22,100 shares of the company’s stock valued at $522,000 after purchasing an additional 2,000 shares during the period. US Bancorp DE lifted its holdings in Cambium Networks by 30.0% in the 1st quarter. US Bancorp DE now owns 7,068 shares of the company’s stock worth $167,000 after buying an additional 1,629 shares in the last quarter. Rhumbline Advisers lifted its holdings in Cambium Networks by 31.6% in the 1st quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $249,000 after buying an additional 2,532 shares in the last quarter. BlackRock Inc. boosted its position in Cambium Networks by 2.4% in the 1st quarter. BlackRock Inc. now owns 746,989 shares of the company’s stock valued at $17,660,000 after buying an additional 17,368 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cambium Networks by 40.3% during the first quarter. Dimensional Fund Advisors LP now owns 235,185 shares of the company’s stock valued at $5,559,000 after acquiring an additional 67,553 shares in the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cambium Networks

In other news, CEO Neal M. Kurk acquired 11,250 shares of Cambium Networks stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of $8.82 per share, with a total value of $99,225.00. Following the completion of the purchase, the chief executive officer now owns 11,250 shares of the company’s stock, valued at $99,225. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 57.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CMBM shares. Roth Mkm increased their price target on Cambium Networks from $12.50 to $12.75 and gave the company a “buy” rating in a report on Friday, November 3rd. Oppenheimer downgraded shares of Cambium Networks from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 5th. Raymond James cut their price target on shares of Cambium Networks from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, October 5th. JPMorgan Chase & Co. decreased their price objective on shares of Cambium Networks from $12.00 to $6.00 and set an “underweight” rating for the company in a report on Tuesday, October 10th. Finally, TheStreet lowered Cambium Networks from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.13.

Cambium Networks Stock Performance

NASDAQ CMBM traded up $0.16 on Friday, hitting $4.16. The stock had a trading volume of 181,662 shares, compared to its average volume of 164,955. The company has a quick ratio of 1.36, a current ratio of 2.37 and a debt-to-equity ratio of 0.17. Cambium Networks Co. has a one year low of $3.53 and a one year high of $23.26. The company’s 50-day moving average is $5.64 and its two-hundred day moving average is $10.75. The stock has a market cap of $115.11 million, a price-to-earnings ratio of -7.56 and a beta of 0.99.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, designs, develops, and manufactures 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 access points which support cnMaestro and Xirrus XMS management.