Public Employees Retirement System of Ohio Maintains Stake in Black Box Corporation (BBOX)
Public Employees Retirement System of Ohio maintained its position in Black Box Corporation (NASDAQ:BBOX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,805 shares of the technology company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned about 0.21% of Black Box Corporation worth $276,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Black Box Corporation by 0.8% in the first quarter. Goldman Sachs Group Inc. now owns 98,388 shares of the technology company’s stock valued at $881,000 after buying an additional 810 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in 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 in the last quarter. AQR Capital Management LLC increased its stake in Black Box Corporation by 9.0% in the first quarter. AQR Capital Management LLC now owns 327,850 shares of the technology company’s stock valued at $2,934,000 after buying an additional 27,074 shares in the last quarter. Bank of America Corp DE increased its stake in Black Box Corporation by 6.7% in the first quarter. Bank of America Corp DE now owns 165,625 shares of the technology company’s stock valued at $1,482,000 after buying an additional 10,350 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in Black Box Corporation during the first quarter valued at about $114,000. Institutional investors and hedge funds own 93.45% of the company’s stock.
Black Box Corporation (NASDAQ BBOX) remained flat at $7.85 during midday trading on Tuesday. The company’s stock had a trading volume of 2,290 shares. Black Box Corporation has a 1-year low of $7.55 and a 1-year high of $17.05. The company’s market cap is $117.47 million. The company has a 50 day moving average of $8.09 and a 200 day moving average of $9.21.
Black Box Corporation (NASDAQ:BBOX) last posted its earnings results on Tuesday, May 9th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Black Box Corporation had a negative net margin of 0.83% and a positive return on equity of 7.74%. The business had revenue of $208.10 million during the quarter, compared to the consensus estimate of $207.44 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s revenue was down 7.1% on a year-over-year basis. On average, equities analysts expect that Black Box Corporation will post $0.23 earnings per share for the current fiscal year.
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Separately, Sidoti upgraded Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, June 27th.
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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