McGuire Investment Group LLC Acquires 54,481 Shares of Quantinuum Inc. $QNT

McGuire Investment Group LLC boosted its holdings in shares of Quantinuum Inc. (NASDAQ:QNT) by 1,892.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,360 shares of the company’s stock after buying an additional 54,481 shares during the period. McGuire Investment Group LLC’s holdings in Quantinuum were worth $2,757,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Canton Hathaway LLC increased its position in shares of Quantinuum by 21.5% during the third quarter. Canton Hathaway LLC now owns 22,748 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,023 shares in the last quarter. Outfitters Financial LLC raised its holdings in shares of Quantinuum by 180.0% in the 3rd quarter. Outfitters Financial LLC now owns 17,500 shares of the company’s stock worth $841,000 after acquiring an additional 11,250 shares during the last quarter. Inspire Investing LLC bought a new position in Quantinuum in the 3rd quarter valued at about $749,000. SBI Securities Co. Ltd. lifted its position in Quantinuum by 52.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 6,778 shares of the company’s stock valued at $326,000 after acquiring an additional 2,343 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Quantinuum by 1,150.0% in the 3rd quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock valued at $60,000 after acquiring an additional 1,150 shares in the last quarter.

Quantinuum Price Performance

Shares of NASDAQ:QNT opened at $36.50 on Friday. Quantinuum Inc. has a 1 year low of $33.02 and a 1 year high of $86.79. The company has a market cap of $9.61 billion and a P/E ratio of -130.36. The company has a fifty day simple moving average of $47.51.

Quantinuum (NASDAQ:QNT) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The company had revenue of $8.00 million for the quarter. On average, sell-side analysts forecast that Quantinuum Inc. will post -4.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QNT shares. UBS Group started coverage on Quantinuum in a research note on Monday, June 29th. They set a “buy” rating and a $93.00 price target for the company. Wall Street Zen downgraded Quantinuum from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Mizuho initiated coverage on Quantinuum in a report on Monday, June 29th. They issued an “outperform” rating and a $90.00 target price on the stock. Yorkville Ives initiated coverage on Quantinuum in a research report on Monday, October 5th. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Quantinuum in a research report on Wednesday, August 12th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Quantinuum currently has a consensus rating of “Moderate Buy” and an average target price of $94.23.

Quantinuum Company Profile

Quantinuum is a quantum computing company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops full-stack quantum computing technologies designed to support research and commercial applications across industries, including chemistry, materials science, cybersecurity, finance and artificial intelligence.

Its offerings include trapped-ion quantum computers, quantum software and development tools. Quantinuum’s software portfolio includes the TKET quantum compiler, InQuanto quantum chemistry platform, Quantum Origin quantum-enhanced cybersecurity solutions and the Nexus platform for developing and managing quantum applications.