Elk Creek Partners LLC Has $52.11 Million Holdings in Quotient Technology Inc (QUOT)
Elk Creek Partners LLC raised its stake in Quotient Technology Inc (NYSE:QUOT) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,362,206 shares of the technology company’s stock after acquiring an additional 222,869 shares during the period. Quotient Technology accounts for about 2.8% of Elk Creek Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Elk Creek Partners LLC owned about 3.54% of Quotient Technology worth $52,114,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Quotient Technology by 10.7% during the second quarter. BlackRock Inc. now owns 5,149,850 shares of the technology company’s stock valued at $67,464,000 after buying an additional 498,152 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Quotient Technology during the second quarter valued at approximately $2,791,000. Bank of New York Mellon Corp raised its holdings in shares of Quotient Technology by 29.4% during the second quarter. Bank of New York Mellon Corp now owns 546,408 shares of the technology company’s stock valued at $7,158,000 after buying an additional 124,103 shares during the last quarter. Cowen Prime Services LLC raised its holdings in shares of Quotient Technology by 9.5% during the second quarter. Cowen Prime Services LLC now owns 1,163,600 shares of the technology company’s stock valued at $15,243,000 after buying an additional 100,700 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Quotient Technology by 202.2% during the second quarter. First Trust Advisors LP now owns 147,024 shares of the technology company’s stock valued at $1,926,000 after buying an additional 98,367 shares during the last quarter. Institutional investors own 75.29% of the company’s stock.
In related news, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $15.50, for a total transaction of $775,000.00. Following the sale, the chairman now owns 3,168,672 shares of the company’s stock, valued at $49,114,416. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 150,000 shares of company stock worth $2,060,500. 9.50% of the stock is owned by corporate insiders.
Shares of NYSE:QUOT opened at $11.89 on Thursday. Quotient Technology Inc has a 12 month low of $10.35 and a 12 month high of $15.98. The company has a current ratio of 6.27, a quick ratio of 6.27 and a debt-to-equity ratio of 0.40.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). Quotient Technology had a negative return on equity of 3.11% and a negative net margin of 5.27%. The firm had revenue of $103.60 million for the quarter, compared to the consensus estimate of $102.99 million. During the same period in the previous year, the firm earned ($0.12) EPS. Quotient Technology’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, analysts expect that Quotient Technology Inc will post -0.27 earnings per share for the current fiscal year.
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Quotient Technology Company Profile
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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