Two Seas Capital LP Makes New $27.37 Million Investment in Quantum Corporation $QMCO

Key Points

• Two Seas Capital acquired 2.49 million Quantum shares worth approximately $27.37 million, giving it a 6.32% stake. Hedge funds and 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 of $80.8 million also exceeded expectations.
• Analyst sentiment is broadly positive, with four Buy ratings, one Sell rating, and a $24 average price target. Northland also sharply raised its 2027–2028 earnings forecasts, although the current fiscal year is still expected to show a loss.

Two Seas Capital LP purchased a new stake in shares of Quantum Corporation (NASDAQ:QMCO - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,488,535 shares of the company's stock, valued at approximately $27,374,000. Quantum comprises 0.5% of Two Seas Capital LP's portfolio, making the stock its 25th largest position. Two Seas Capital LP owned approximately 6.32% of Quantum as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Quantum in the 2nd quarter worth approximately $3,003,000. Marshall Wace LLP acquired a new stake in Quantum in the 2nd quarter valued at approximately $1,775,000. UBS Group AG raised its position in Quantum by 170.0% in the third quarter. UBS Group AG now owns 162,605 shares of the company's stock valued at $1,613,000 after purchasing an additional 102,384 shares during the period. Geode Capital Management LLC raised its position in Quantum by 97.5% in the fourth quarter. Geode Capital Management LLC now owns 156,871 shares of the company's stock valued at $1,012,000 after purchasing an additional 77,444 shares during the period. Finally, Sona Asset Management US LLC purchased a new stake in Quantum in the first quarter valued at approximately $333,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Quantum News Roundup

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Northland raised its FY2027 EPS forecast to $0.31 from a projected loss of $0.28, signaling expectations for a meaningful earnings turnaround. The firm also increased its estimates for Q2 2027 to $0.09 EPS, Q3 2027 to $0.08 and Q4 2027 to $0.02.
• Positive Sentiment: Longer-term expectations were upgraded sharply. Northland now forecasts FY2028 EPS of $0.86, up from $0.19, with positive EPS estimates for every quarter of 2028: $0.26 in Q1, $0.20 in Q2, $0.24 in Q3 and $0.16 in Q4.
• Positive Sentiment: The largest individual revisions included Q1 2028 EPS rising to $0.26 from $0.02, Q2 2028 increasing to $0.20 from $0.05, Q3 2028 advancing to $0.24 from $0.10, and Q4 2028 improving to $0.16 from $0.03. These revisions support the view that Quantum’s profitability could improve substantially.
• Neutral Sentiment: Despite the bullish estimates, the consensus forecast for Quantum’s current full fiscal year remains a loss of $0.28 per share, indicating that the expected recovery is still ahead rather than fully reflected in near-term results.

Quantum Stock Up 8.6%

Shares of QMCO stock opened at $22.25 on Friday. Quantum Corporation has a 52 week low of $4.19 and a 52 week high of $27.80. The stock has a market capitalization of $876.87 million, a PE ratio of -1.68 and a beta of 2.97. The firm has a 50 day moving average of $13.64 and a two-hundred day moving average of $9.49.

Quantum (NASDAQ:QMCO - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.18 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 analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. Analysts expect that Quantum Corporation will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC began coverage on Quantum in a research report on Wednesday, June 3rd. They set a "buy" rating for the company. Wall Street Zen upgraded Quantum from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Northland Securities raised Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 target price on the stock in a research note on Tuesday, August 11th. Litchfield Hills Research initiated coverage on Quantum in a report on Monday, August 10th. They set a "buy" rating for the company. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Quantum in a research report on Wednesday, June 24th. 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, the company has an average rating of "Moderate Buy" and an average price target of $24.00.

Quantum Company 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.

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.

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