KCG Holdings Inc. purchased a new stake in Black Box Corporation (NASDAQ:BBOX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,779 shares of the technology company’s stock, valued at approximately $114,000.
Other institutional investors have also modified their holdings of the company. State of Tennessee Treasury Department boosted its position 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 in the last quarter. Wells Fargo & Company MN boosted its position 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 in the last quarter. Comerica Bank increased its stake in 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. Trexquant Investment LP bought a new stake in Black Box Corporation during the first quarter valued at approximately $180,000. Finally, PNC Financial Services Group Inc. bought a new stake in Black Box Corporation during the first quarter valued at approximately $195,000. 93.45% of the stock is owned by institutional investors.
Black Box Corporation (NASDAQ BBOX) traded down 40.604% during midday trading on Friday, hitting $4.425. The stock had a trading volume of 367,124 shares. The stock’s 50-day moving average is $8.06 and its 200-day moving average is $8.99. The stock’s market capitalization is $66.22 million. Black Box Corporation has a 1-year low of $4.13 and a 1-year high of $17.05.
Black Box Corporation (NASDAQ:BBOX) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.34. The business had revenue of $191.60 million during 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 last year, the company earned $0.13 EPS. On average, equities research analysts anticipate that Black Box Corporation will post $0.23 EPS for the current fiscal year.
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Separately, Sidoti downgraded Black Box Corporation from a “buy” rating to a “neutral” rating in a report on Friday.
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.
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