Black Box Corporation (BBOX) Position Increased by Prudential Financial Inc

Paterniano Del Favero
Agosto 13, 2017

The stock of Black Box Corporation (NASDAQ:BBOX) is a huge mover today! Marshall Wace North America L.P. purchased a new stake in shares of Black Box Corporation during the second quarter worth about $424,000. 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.

The stock's market capitalization is $60.60 million.

Black Box Corporation (NASDAQ:BBOX) has declined 25.68% since August 11, 2016 and is downtrending. The business's revenue was down 12.3% on a year-over-year basis.

Black Box Corporation (BBOX) traded down 42.617% during trading on Friday, reaching $4.275. Comerica Bank now owns 16,461 shares of the technology company's stock worth $167,000 after buying an additional 450 shares during the period. Renaissance Technologies LLC boosted its stake in Black Box Corporation by 10.8% in the fourth quarter.

As of the last earnings report the EPS was $-0.47 and is projected to be $0.23 for the current year with 14,964,000 shares now outstanding. Finally, Comerica Bank increased its position in Black Box Corporation by 2.8% in the first quarter. Martingale Asset Management L P now owns 61,417 shares of the technology company's stock worth $550,000 after buying an additional 34,517 shares during the period. Trexquant Investment LP purchased a new position in Black Box Corporation during the first quarter worth approximately $180,000. Black Box Corporation's revenue for the quarter was down 12.3% on a year-over-year basis. Moreover, Ascend Capital Llc has 0.13% invested in the company for 1.83 million shares.

ILLEGAL ACTIVITY NOTICE: "Black Box Corporation (BBOX) Stake Cut by Legal & General Group Plc" was originally reported by Week Herald and is the sole property of of Week Herald. The company has a 50-day moving average price of $7.95 and a 200 day moving average price of $8.92. Analysts expect next quarter's EPS to be $0.10 and the next full year EPS is projected to be $0.62. Alliancebernstein Ltd Partnership invested 0% in Black Box Corporation (NASDAQ:BBOX). If you are reading this report on another site, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/08/11/legal-general-group-plc-sells-208-shares-of-black-box-corporation-nasdaqbbox.html.

Separately, Sidoti downgraded shares of Black Box Corporation from a "buy" rating to a "neutral" rating in a research report on Friday.

Black Box Corporation, launched on June 9, 1987, is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. The funds in our partner's database now hold: 14.24 million shares, up from 13.89 million shares in 2016Q3. Offerings under the Company's Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.

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