Man Group plc Makes New Investment in Quantum Corporation $QMCO

Key Points

• Man Group plc purchased 68,593 shares of Quantum Corporation in the second quarter, worth approximately $755,000 and representing about 0.17% of the company. Institutional investors collectively own 63.66% of Quantum.
• Analyst sentiment is generally positive: four analysts rate Quantum a Buy and one rates it a Sell, resulting in a consensus “Moderate Buy” rating and a $24.00 target price.
• Quantum exceeded quarterly expectations, reporting $0.18 in EPS versus the expected $0.17 loss and revenue of $80.8 million versus the $75.05 million consensus estimate.

Man Group plc purchased a new stake in Quantum Corporation (NASDAQ:QMCO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,593 shares of the company's stock, valued at approximately $755,000. Man Group plc owned approximately 0.17% of Quantum at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QMCO. Bank of America Corp DE grew its holdings in Quantum by 337.5% in the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company's stock valued at $29,000 after buying an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company's stock worth $34,000 after acquiring an additional 2,641 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Quantum during the 2nd quarter valued at about $46,000. R Squared Ltd acquired a new position in shares of Quantum during the 1st quarter valued at about $58,000. Finally, Millennium Management LLC acquired a new stake in Quantum during the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 63.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Lake Street Capital reiterated a "buy" rating and issued a $24.00 target price (up from $20.00) on shares of Quantum in a report on Tuesday, August 11th. Wall Street Zen upgraded Quantum from a "hold" rating to a "buy" rating in a 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 started coverage on Quantum in a research report on Monday, August 10th. They issued a "buy" rating on the stock. Finally, Needham & Company LLC began coverage on Quantum in a report on Wednesday, June 3rd. They set a "buy" rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Quantum presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Quantum Stock Performance

Quantum stock opened at $24.30 on Friday. The company has a market capitalization of $957.66 million, a PE ratio of -1.84 and a beta of 3.14. Quantum Corporation has a fifty-two week low of $4.19 and a fifty-two week high of $27.80. The firm has a 50 day moving average price of $15.24 and a 200 day moving average price of $10.61.

Quantum (NASDAQ:QMCO - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.35. The firm had revenue of $80.80 million for the quarter, compared to analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, equities research analysts forecast that Quantum Corporation will post 0.31 earnings per share for the current year.

Quantum Profile

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.

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