Black Box Corporation (BBOX) Position Boosted by First Quadrant L P CA

First Quadrant L P CA raised its stake in shares of Black Box Corporation (NASDAQ:BBOX) by 128.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,452 shares of the technology company’s stock after buying an additional 22,764 shares during the period. First Quadrant L P CA owned about 0.27% of Black Box Corporation worth $346,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BBOX. Tudor Investment Corp ET AL boosted its stake in shares of Black Box Corporation by 11.8% in the first quarter. Tudor Investment Corp ET AL now owns 11,337 shares of the technology company’s stock valued at $101,000 after buying an additional 1,199 shares during the last quarter. KCG Holdings Inc. acquired a new stake in shares of Black Box Corporation during the first quarter valued at approximately $114,000. State of Tennessee Treasury Department boosted its stake in shares of Black Box Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 14,595 shares of the technology company’s stock valued at $131,000 after buying an additional 2,203 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Black Box Corporation by 41.3% in the first quarter. Wells Fargo & Company MN now owns 15,991 shares of the technology company’s stock valued at $143,000 after buying an additional 4,671 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Black Box Corporation by 2.8% in the first quarter. Comerica Bank now owns 16,461 shares of the technology company’s stock valued at $167,000 after buying an additional 450 shares during the last quarter. Institutional investors own 93.45% of the company’s stock.

Shares of Black Box Corporation (NASDAQ:BBOX) traded down 45.64% during mid-day trading on Friday, hitting $4.05. 1,445,946 shares of the company’s stock traded hands. Black Box Corporation has a 52 week low of $3.85 and a 52 week high of $17.05. The company’s market cap is $60.60 million. The firm has a 50-day moving average of $7.95 and a 200 day moving average of $8.92.

Black Box Corporation (NASDAQ:BBOX) last released its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.34. The firm had revenue of $191.60 million for the quarter, compared to the consensus estimate of $207.63 million. Black Box Corporation had a negative net margin of 0.83% and a positive return on equity of 7.74%. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. Equities research analysts predict that Black Box Corporation will post $0.23 EPS for the current year.

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Separately, Sidoti upgraded shares of Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Tuesday, June 27th.

Black Box Corporation Company Profile

Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.

Institutional Ownership by Quarter for Black Box Corporation (NASDAQ:BBOX)

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