179,462 Shares in Quantinuum Inc. $QNT Acquired by HBK Investments L P

HBK Investments L P purchased a new stake in Quantinuum Inc. (NASDAQ:QNT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 179,462 shares of the company’s stock, valued at approximately $14,669,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Quantinuum during the second quarter worth $92,418,000. BlueCrest Capital Management Ltd acquired a new position in shares of Quantinuum in the second quarter valued at about $14,304,000. Readystate Asset Management LP acquired a new position in shares of Quantinuum in the second quarter valued at about $4,111,000. Light Street Capital Management LLC bought a new position in Quantinuum during the second quarter worth about $2,881,000. Finally, WINTON GROUP Ltd acquired a new stake in Quantinuum in the 2nd quarter worth about $1,283,000.

Quantinuum Stock Up 6.9%

QNT stock traded up $3.36 during midday trading on Wednesday, reaching $52.01. The company had a trading volume of 1,952,288 shares, compared to its average volume of 2,305,688. The company’s 50 day simple moving average is $56.11. Quantinuum Inc. has a 1-year low of $46.54 and a 1-year high of $86.79.

Quantinuum (NASDAQ:QNT) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The business had revenue of $8.00 million for the quarter. On average, analysts anticipate that Quantinuum Inc. will post -1.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on QNT. TD Cowen initiated coverage on shares of Quantinuum in a report on Monday, June 29th. They issued a “buy” rating for the company. Zacks Research raised shares of Quantinuum to a “hold” rating in a report on Tuesday, June 30th. Wall Street Zen downgraded shares of Quantinuum from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings initiated coverage on Quantinuum in a research note on Monday, August 31st. They issued a “sell (d)” rating for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Quantinuum in a research report on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.42.

Quantinuum Profile

Quantinuum is a quantum computing and technology company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops integrated quantum computing systems, combining quantum hardware, software and applications for business, government and research customers.

Its offerings include trapped-ion quantum computers in the H-Series, quantum software development tools such as TKET, and cybersecurity products including Quantum Origin, which is designed to help generate and protect cryptographic keys.