Black Box Corporation (NASDAQ:BBOX) Reaches New 12-Month Low at $7.45

Xavier Trudeau
Août 13, 2017

It dropped, as 8 investors sold Black Box Corporation shares while 34 reduced holdings. Alps Advisors Inc. purchased a new stake in shares of Black Box Corporation during the second quarter worth about $106,000. As of quarter end Goldman Sachs Group Inc had bought a total of 810 shares growing its holdings by 0.8%. State Street Corp now owns 369,852 shares of the technology company's stock worth $5,646,000 after buying an additional 16,582 shares during the last quarter. The company has market cap of $112.59 million.

Black Box Corporation (NASDAQ:BBOX) last announced its quarterly earnings results on Thursday, August 10th. The dividend was $0.120 per share for the quarter which comes to $0.48 on an annualized basis. Jpmorgan Chase And has invested 0% in Black Box Corporation (NASDAQ:BBOX). State of Tennessee Treasury Department now owns 14,595 shares of the technology company's stock worth $131,000 after buying an additional 2,203 shares during the period. Teachers Advisors LLC boosted its stake in shares of Black Box Corporation by 24.6% in the fourth quarter. The technology company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by $0.34. Comerica Bank increased its position in Black Box Corporation by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 914,520 shares of the technology company's stock worth $8,185,000 after buying an additional 100,918 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Black Box Corporation by 11.8% in the first quarter. The value of the total investment in Black Box Corporation decreased from $1,488,000 to $881,000 a change of 40.8% quarter to quarter. Moreover, Ascend Capital Llc has 0.13% invested in the company for 1.83 million shares.

Black Box Corporation (NASDAQ BBOX) traded down 45.64% during midday trading on Friday, hitting $4.05. It is now trading at $7.45 which is significantly below the 50 day moving average which is $8.06 and much lower than the 200 day moving average of $8.99. Equities analysts forecast that Black Box Corporation will post $0.23 earnings per share for the current fiscal year. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & global trademark & copyright laws. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/08/12/black-box-corporation-bbox-stake-increased-by-prudential-financial-inc-updated-updated-updated.html.

Separately, Sidoti upgraded shares of Black Box Corporation from a "neutral" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Tuesday, June 27th.

Black Box Corporation, launched on June 9, 1987, is a technology solutions provider. The Company is involved 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. Nationwide Fund Advsrs holds 13,130 shares or 0% of its portfolio.

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