Franklin Resources Inc. increased its position in Quantum Corp (NYSE:QTM) by 12.7% during the fourth quarter, Holdings Channel reports. The firm owned 171,275 shares of the company’s stock after buying an additional 19,329 shares during the period. Franklin Resources Inc.’s holdings in Quantum Corp were worth $143,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in QTM. FMR LLC boosted its position in Quantum Corp by 42.3% in the fourth quarter. FMR LLC now owns 3,410,665 shares of the company’s stock worth $2,838,000 after buying an additional 1,013,532 shares during the period. Russell Investments Group Ltd. bought a new position in Quantum Corp during the fourth quarter worth $699,000. Renaissance Technologies LLC boosted its position in Quantum Corp by 15.8% in the fourth quarter. Renaissance Technologies LLC now owns 6,330,952 shares of the company’s stock worth $5,268,000 after buying an additional 865,897 shares during the period. California Public Employees Retirement System boosted its position in Quantum Corp by 19.2% in the third quarter. California Public Employees Retirement System now owns 1,542,300 shares of the company’s stock worth $1,135,000 after buying an additional 248,100 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Quantum Corp by 3.1% in the third quarter. Wells Fargo & Company MN now owns 6,970,518 shares of the company’s stock worth $5,131,000 after buying an additional 206,862 shares during the period. 48.27% of the stock is owned by institutional investors.
Quantum Corp (NYSE:QTM) opened at 0.8454 on Monday. The stock has a 50 day moving average price of $0.91 and a 200-day moving average price of $0.84. The firm’s market capitalization is $229.38 million. Quantum Corp has a 12-month low of $0.35 and a 12-month high of $1.08.
Quantum Corp (NYSE:QTM) last posted its earnings results on Wednesday, January 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by $0.01. Quantum Corp had a negative net margin of 9.39% and a negative return on equity of 9.78%. The business earned $133.50 million during the quarter, compared to analyst estimates of $133 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Quantum Corp will post $0.05 EPS for the current year.
Separately, Zacks Investment Research cut Quantum Corp from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th.
Quantum Corp Company Profile
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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