Alyeska Investment Group L.P. Buys Shares of 2,653,928 Quantum Corporation $QMCO

Key Points

• Alyeska Investment Group acquired 2,653,928 Quantum shares worth approximately $29.2 million, giving it a 6.73% stake. Institutional investors collectively own 63.66% of the company.
• Quantum reported quarterly EPS of $0.18, beating the consensus estimate of a $0.17 loss, while revenue reached $80.8 million versus expectations of $75.05 million.
• Analyst sentiment is generally positive: Quantum has a “Moderate Buy” consensus rating and a $24 average price target, although one firm maintains a sell rating.

Alyeska Investment Group L.P. acquired a new stake in shares of Quantum Corporation (NASDAQ:QMCO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,653,928 shares of the company's stock, valued at approximately $29,193,000. Alyeska Investment Group L.P. owned approximately 6.73% of Quantum as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in QMCO. Two Seas Capital LP bought a new position in shares of Quantum during the 2nd quarter valued at about $27,374,000. Sona Asset Management US LLC bought a new stake in Quantum in the 1st quarter worth approximately $333,000. Manatuck Hill Partners LLC purchased a new stake in Quantum in the second quarter worth approximately $3,850,000. Man Group plc purchased a new stake in Quantum in the second quarter worth approximately $755,000. Finally, BlackRock Inc. bought a new position in Quantum during the second quarter valued at approximately $3,003,000. Institutional investors own 63.66% of the company's stock.

Quantum Stock Performance

QMCO stock opened at $22.26 on Monday. The firm's 50-day moving average price is $14.41 and its two-hundred day moving average price is $10.10. Quantum Corporation has a 12-month low of $4.19 and a 12-month high of $27.80. The stock has a market capitalization of $877.27 million, a price-to-earnings ratio of -1.68 and a beta of 2.97.

Quantum (NASDAQ:QMCO - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.35. The business had revenue of $80.80 million during the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. Equities analysts predict that Quantum Corporation will post 0.31 EPS for the current year.

Analysts Set New Price Targets

QMCO has been the subject of a number of recent research reports. Lake Street Capital restated a "buy" rating and issued a $24.00 price objective (up from $20.00) on shares of Quantum in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Quantum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Quantum in a research note on Wednesday, June 24th. Litchfield Hills Research initiated coverage on shares of Quantum in a research report on Monday, August 10th. They set a "buy" rating for the company. Finally, Northland Securities raised Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 price objective on the stock in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Quantum has an average rating of "Moderate Buy" and a consensus price target of $24.00.

About Quantum

Quantum Corporation NASDAQ: QMCO is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company's product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum's solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum's flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.

Want to see what other hedge funds are holding QMCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Corporation (NASDAQ:QMCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source