Schonfeld Strategic Advisors LLC purchased a new position in Quantum Co. (OTCMKTS:QMCO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,600 shares of the company’s stock, valued at approximately $131,000. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Quantum as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Quantum in the third quarter valued at approximately $81,000. AQR Capital Management LLC acquired a new position in Quantum in the third quarter valued at approximately $134,000. Morgan Stanley boosted its stake in Quantum by 6.4% in the third quarter. Morgan Stanley now owns 36,112 shares of the company’s stock valued at $167,000 after acquiring an additional 2,175 shares during the period. King Luther Capital Management Corp boosted its stake in Quantum by 26.8% in the third quarter. King Luther Capital Management Corp now owns 164,813 shares of the company’s stock valued at $758,000 after acquiring an additional 34,813 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Quantum by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 35,457 shares of the company’s stock valued at $165,000 after acquiring an additional 9,151 shares during the period. Institutional investors and hedge funds own 0.54% of the company’s stock.
QMCO opened at $6.12 on Friday. Quantum Co. has a fifty-two week low of $1.26 and a fifty-two week high of $8.52. The business has a 50-day moving average of $5.81 and a 200-day moving average of $5.02.
Quantum (OTCMKTS:QMCO) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.07. Quantum had a negative return on equity of 1.24% and a negative net margin of 2.58%. The company had revenue of $85.82 million during the quarter, compared to the consensus estimate of $83.00 million. On average, research analysts forecast that Quantum Co. will post -0.05 EPS for the current fiscal year.
In related news, CEO James J. Lerner sold 35,069 shares of the firm’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $5.63, for a total value of $197,438.47. Following the transaction, the chief executive officer now directly owns 1,300,207 shares of the company’s stock, valued at approximately $7,320,165.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Regan J. Macpherson sold 8,992 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 $57,279.04. The disclosure for this sale can be found here. Insiders have sold a total of 91,372 shares of company stock valued at $530,929 over the last ninety days. Company insiders own 18.60% of the company’s stock.
A number of equities research analysts have recently weighed in on QMCO shares. Lake Street Capital lifted their price target on Quantum from $7.00 to $8.00 in a report on Friday, December 11th. Zacks Investment Research raised Quantum from a “sell” rating to a “hold” rating in a research note on Thursday, October 29th.
Quantum Company 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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