Parametric Portfolio Associates LLC trimmed its position in shares of Black Box Corporation (NASDAQ:BBOX) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,962 shares of the technology company’s stock after selling 26,654 shares during the quarter. Parametric Portfolio Associates LLC owned about 1.13% of Black Box Corporation worth $1,445,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL lifted its position in shares of Black Box Corporation by 11.8% during the first quarter. Tudor Investment Corp ET AL now owns 11,337 shares of the technology company’s stock valued at $101,000 after buying an additional 1,199 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Black Box Corporation during the second quarter valued at about $106,000. KCG Holdings Inc. purchased a new stake in shares of Black Box Corporation during the first quarter valued at about $114,000. Wells Fargo & Company MN lifted its position in shares of Black Box Corporation by 41.3% during the first quarter. Wells Fargo & Company MN now owns 15,991 shares of the technology company’s stock valued at $143,000 after buying an additional 4,671 shares during the last quarter. Finally, Cigna Investments Inc. New lifted its position in shares of Black Box Corporation by 10.3% during the second quarter. Cigna Investments Inc. New now owns 20,291 shares of the technology company’s stock valued at $176,000 after buying an additional 1,897 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.
Shares of Black Box Corporation (BBOX) opened at $3.05 on Tuesday. Black Box Corporation has a 1 year low of $2.85 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.52 and a current ratio of 1.67.
Black Box Corporation (NASDAQ:BBOX) last announced its quarterly earnings data on Tuesday, October 31st. The technology company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.01. The firm had revenue of $194.20 million during the quarter, compared to analyst estimates of $193.85 million. Black Box Corporation had a negative net margin of 2.69% and a negative return on equity of 2.71%. Black Box Corporation’s revenue was down 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS.
Separately, Sidoti lowered shares of Black Box Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th.
About Black Box Corporation
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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