Legal & General Group Plc cut its position in shares of Black Box Corporation (NASDAQ:BBOX) by 0.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 25,534 shares of the technology company’s stock after selling 208 shares during the period. Legal & General Group Plc owned 0.17% of Black Box Corporation worth $228,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in Black Box Corporation by 4.7% in the fourth quarter. State Street Corp now owns 369,852 shares of the technology company’s stock worth $5,646,000 after buying an additional 16,582 shares during the last quarter. Norges Bank bought a new stake in Black Box Corporation during the fourth quarter worth about $3,124,000. Teachers Advisors LLC boosted its stake in shares of Black Box Corporation by 24.6% in the fourth quarter. Teachers Advisors LLC now owns 42,670 shares of the technology company’s stock worth $651,000 after buying an additional 8,432 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Black Box Corporation during the fourth quarter worth $196,000. Finally, Strs Ohio boosted its stake in shares of Black Box Corporation by 69.8% in the first quarter. Strs Ohio now owns 69,600 shares of the technology company’s stock worth $622,000 after buying an additional 28,600 shares in the last quarter. Institutional investors own 93.45% of the company’s stock.
Shares of Black Box Corporation (NASDAQ BBOX) traded down 42.617% during midday trading on Friday, hitting $4.275. 278,239 shares of the company were exchanged. The firm’s market cap is $63.97 million. The company’s 50 day moving average price is $8.06 and its 200 day moving average price is $8.99. Black Box Corporation has a one year low of $4.13 and a one year high of $17.05.
Black Box Corporation (NASDAQ:BBOX) last announced its quarterly earnings results 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. Black Box Corporation had a negative net margin of 0.83% and a positive return on equity of 7.74%. The company had revenue of $191.60 million during the quarter, compared to the consensus estimate of $207.63 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s revenue was down 12.3% on a year-over-year basis. Equities analysts expect that Black Box Corporation will post $0.23 EPS for the current year.
Separately, Sidoti upgraded shares of Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note 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.
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