Trexquant Investment LP boosted its position in Black Box Corporation (NASDAQ:BBOX) by 147.1% during the second quarter, Holdings Channel reports. The fund owned 49,720 shares of the technology company’s stock after buying an additional 29,601 shares during the period. Trexquant Investment LP’s holdings in Black Box Corporation were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Black Box Corporation by 12.4% 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. Bank of New York Mellon Corp increased its position in shares of Black Box Corporation by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 299,770 shares of the technology company’s stock worth $2,682,000 after buying an additional 15,028 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Black Box Corporation by 104.7% in the first quarter. OppenheimerFunds Inc. now owns 72,417 shares of the technology company’s stock worth $648,000 after buying an additional 37,046 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Black Box Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 115,136 shares of the technology company’s stock worth $1,030,000 after buying an additional 4,048 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Black Box Corporation by 2.8% in the first quarter. Comerica Bank now owns 16,461 shares of the technology company’s stock worth $167,000 after buying an additional 450 shares in the last quarter. Institutional investors own 94.35% of the company’s stock.

Black Box Corporation (NASDAQ BBOX) opened at 4.40 on Tuesday. The stock has a 50 day moving average of $7.85 and a 200-day moving average of $8.78. Black Box Corporation has a one year low of $3.85 and a one year high of $17.05. The stock’s market cap is $66.60 million.

Black Box Corporation (NASDAQ:BBOX) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.34. Black Box Corporation had a negative net margin of 1.97% and a positive return on equity of 3.00%. The company had revenue of $191.60 million for the quarter, compared to the consensus estimate of $207.63 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Black Box Corporation’s revenue for the quarter was down 12.3% compared to the same quarter last year. Analysts anticipate that Black Box Corporation will post $0.23 EPS for the current year.

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Separately, Sidoti upgraded shares of Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, June 27th.

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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Institutional Ownership by Quarter for Black Box Corporation (NASDAQ:BBOX)

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