AQR Capital Management LLC increased its position in Black Box Corporation (NASDAQ:BBOX) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,850 shares of the technology company’s stock after buying an additional 27,074 shares during the period. AQR Capital Management LLC owned about 2.16% of Black Box Corporation worth $2,934,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Comerica Bank raised 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 worth $167,000 after buying an additional 450 shares in the last quarter. ClariVest Asset Management LLC raised its stake in shares of Black Box Corporation by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 24,680 shares of the technology company’s stock worth $220,000 after buying an additional 1,241 shares in the last quarter. State of Tennessee Treasury Department raised its position in 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. TIAA CREF Investment Management LLC raised its position in Black Box Corporation by 5.6% in the first quarter. TIAA CREF Investment Management LLC now owns 60,910 shares of the technology company’s stock valued at $545,000 after buying an additional 3,208 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Black Box Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 115,136 shares of the technology company’s stock valued at $1,030,000 after buying an additional 4,048 shares in the last quarter. 93.45% of the stock is owned by hedge funds and other institutional investors.
Black Box Corporation (NASDAQ BBOX) opened at 4.05 on Friday. The company’s market capitalization is $60.60 million. Black Box Corporation has a one year low of $3.85 and a one year high of $17.05. The firm’s 50-day moving average price is $7.95 and its 200 day moving average price is $8.92.
Black Box Corporation (NASDAQ:BBOX) last announced 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. Black Box Corporation had a positive return on equity of 3.00% and a negative net margin of 1.97%. The firm had revenue of $191.60 million during the quarter, compared to analysts’ expectations of $207.63 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Black Box Corporation’s revenue was down 12.3% on a year-over-year basis. On average, equities research analysts expect that Black Box Corporation will post $0.23 earnings per share for the current fiscal year.
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Separately, Sidoti lowered Black Box Corporation from a “buy” rating to a “neutral” rating in a report on Friday.
About Black Box Corporation
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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