Fondren Management LP lessened its stake in Quantum Corp (NYSE:QTM) by 92.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,000 shares of the technology company’s stock after selling 2,825,000 shares during the quarter. Quantum accounts for 0.9% of Fondren Management LP’s investment portfolio, making the stock its 21st largest position. Fondren Management LP owned approximately 0.65% of Quantum worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alta Fundamental Advisers LLC increased its holdings in shares of Quantum by 26.2% in the 4th quarter. Alta Fundamental Advisers LLC now owns 1,273,334 shares of the technology company’s stock valued at $7,168,000 after purchasing an additional 264,000 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Quantum in the 4th quarter valued at about $583,000. Two Sigma Advisers LP increased its holdings in shares of Quantum by 34.9% in the 4th quarter. Two Sigma Advisers LP now owns 98,004 shares of the technology company’s stock valued at $552,000 after purchasing an additional 25,342 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Quantum in the 4th quarter valued at about $115,000. Finally, Deutsche Bank AG increased its holdings in shares of Quantum by 69.4% in the 4th quarter. Deutsche Bank AG now owns 90,689 shares of the technology company’s stock valued at $509,000 after purchasing an additional 37,165 shares in the last quarter. Institutional investors and hedge funds own 66.21% of the company’s stock.
Quantum Corp (NYSE QTM) opened at $4.24 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.56 and a debt-to-equity ratio of -0.57. Quantum Corp has a twelve month low of $3.42 and a twelve month high of $9.20. The firm has a market cap of $143.20, a PE ratio of -17.67, a price-to-earnings-growth ratio of 2.58 and a beta of 2.49.
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Quantum Company Profile
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.
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