Alta Fundamental Advisers LLC boosted its holdings in shares of Quantum Corp (NYSE:QTM) by 26.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,273,334 shares of the technology company’s stock after acquiring an additional 264,000 shares during the quarter. Quantum accounts for about 4.4% of Alta Fundamental Advisers LLC’s portfolio, making the stock its 12th largest position. Alta Fundamental Advisers LLC owned 3.67% of Quantum worth $7,168,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of QTM. Voya Investment Management LLC bought a new stake in Quantum during the 2nd quarter worth approximately $101,000. Stone Ridge Asset Management LLC bought a new stake in Quantum during the 4th quarter worth approximately $115,000. Alliancebernstein L.P. bought a new stake in Quantum during the 4th quarter worth approximately $137,000. Jane Street Group LLC bought a new stake in shares of Quantum in the 3rd quarter valued at $147,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Quantum by 1,582.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,348 shares of the technology company’s stock valued at $190,000 after purchasing an additional 22,901 shares during the last quarter. 66.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quantum Corp (QTM) opened at $4.13 on Tuesday. The company has a debt-to-equity ratio of -0.57, a current ratio of 0.78 and a quick ratio of 0.56. Quantum Corp has a 12 month low of $3.42 and a 12 month high of $9.20. The company has a market cap of $141.47, a price-to-earnings ratio of -16.52, a PEG ratio of 2.58 and a beta of 2.48.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/13/alta-fundamental-advisers-llc-boosts-holdings-in-quantum-corp-qtm.html.
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
Receive News & Ratings for Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum and related companies with MarketBeat.com's FREE daily email newsletter.