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Foundry Partners LLC Sells 4,550 Shares of Computer Task Group, Incorporated (NASDAQ:CTG)



Foundry Partners LLC cut its stake in shares of Computer Task Group, Incorporated (NASDAQ: CTG – Get Rating) by 2.0% in the 1st quarter, HoldingsChannel reports. The company owned 225,235 shares of the information technology services provider’s stock after selling 4,550 shares during the period. Computer Task Group’s Foundry Partners LLC assets were valued at $ 2,201,000 at the end of the most recent reporting period.

Many other institutional investors have also recently changed their business positions. Fosun International Ltd lifted its position in the Computer Task Group by 3.6% in the fourth quarter. Fosun International Ltd now owns 56,837 shares of the information technology services provider’s stock worth $ 544,000 after buying an additional 2,000 shares last quarter. Minerva Advisors LLC increased its holdings in shares of Computer Task Group by 0.9% in the 4th quarter. Minerva Advisors LLC now owns 1,228,729 shares of the information technology services provider’s stock worth $ 12,251,000 after acquiring an additional 11,325 shares last quarter. Finally, Lewis Capital Management LLC purchased a new stake in shares of Computer Task Group in the 4th quarter valued at an estimated $ 3,541,000. Institutional investors and hedge funds own 53.00% of the company’s stock.

Shares of CTG opened at $ 8.79 on Friday. The company has a market cap of $ 134.84 million, a price-to-earnings ratio of 9.16, a PEG ratio of 0.63 and a beta of 0.72. Computer Task Group, Incorporated had a fifty-two week low of $ 6.77 and a fifty-two week high of $ 10.38. The company has a 50 day average price of $ 8.97 and a 200 day average price of $ 9.07.

The Computer Task Group (NASDAQ: CTG – Get Rating) last released its earnings results on Tuesday, May 10. The information technology service provider reported $ 0.16 EPS for the quarter, ahead of an estimated $ 0.13 in $ 0.03. Computer Task Group has a net margin of 3.76% and a return on equity of 11.26%. The company had revenue of $ 89.42 million for the quarter, compared to its estimated revenue of $ 93.63 million. In the same period last year, the company earned $ 0.13 in revenue per share. Equities research analysts predict that Computer Task Group, Incorporated will post 0.69 EPS for the current year.

Separately, StockNews.com began covering shares in the Computer Task Group in a report on Thursday, June 9. They issued a “strong-buy” rating for the company.

Computer Task Group Company Profile (Get a Rating)

Computer Task Group, Incorporated, along with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three components: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.

Selected Stories

Want to see what other hedge funds hold CTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Computer Task Group, Incorporated (NASDAQ: CTG – Get Rating).

Institutional Ownership through the Quarter for Computer Task Group (NASDAQ: CTG)



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