State Street Corp boosted its position in Quantum Co. (OTCMKTS:QMCO) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347,661 shares of the company’s stock after purchasing an additional 40,030 shares during the period. State Street Corp’s holdings in Quantum were worth $1,599,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Eidelman Virant Capital purchased a new position in Quantum in the 3rd quarter worth approximately $2,325,000. LPL Financial LLC increased its position in shares of Quantum by 1.8% during the 3rd quarter. LPL Financial LLC now owns 127,464 shares of the company’s stock valued at $586,000 after purchasing an additional 2,258 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Quantum during the 3rd quarter valued at approximately $464,000. HighMark Wealth Management LLC increased its position in shares of Quantum by 55.6% during the 3rd quarter. HighMark Wealth Management LLC now owns 28,000 shares of the company’s stock valued at $129,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in Quantum in the 3rd quarter valued at $74,000. 0.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of OTCMKTS QMCO opened at $5.91 on Friday. Quantum Co. has a 1-year low of $1.26 and a 1-year high of $8.52. The business has a fifty day moving average price of $5.67 and a 200 day moving average price of $4.97.
Quantum (OTCMKTS:QMCO) last announced its quarterly earnings data on Wednesday, October 28th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. The business had revenue of $85.82 million for the quarter, compared to analyst estimates of $83.00 million. Quantum had a negative return on equity of 1.24% and a negative net margin of 2.58%. As a group, equities analysts forecast that Quantum Co. will post -0.05 EPS for the current fiscal year.
In other Quantum news, Director John Fichthorn acquired 18,800 shares of the company’s stock in a transaction on Wednesday, December 16th. The shares were bought at an average cost of $6.18 per share, with a total value of $116,184.00. Following the completion of the acquisition, the director now owns 124,740 shares in the company, valued at $770,893.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lewis W. Moorehead sold 13,312 shares of the firm’s stock in a transaction that occurred on Wednesday, December 23rd. The shares were sold at an average price of $6.37, for a total value of $84,797.44. Following the completion of the sale, the chief accounting officer now directly owns 144,650 shares in the company, valued at $921,420.50. The disclosure for this sale can be found here. 18.60% of the stock is currently owned by corporate insiders.
Several equities analysts have commented on the company. Lake Street Capital upped their price objective on Quantum from $7.00 to $8.00 in a research report on Friday, December 11th. Zacks Investment Research raised Quantum from a “sell” rating to a “hold” rating in a research report on Thursday, October 29th.
Quantum Profile
Quantum Corporation provides products for storing and managing digital video and video-like data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades.
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