Black Box Corporation (BBOX) Position Increased by AMG National Trust Bank

AMG National Trust Bank increased its position in Black Box Corporation (NASDAQ:BBOX) by 43.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,820 shares of the technology company’s stock after purchasing an additional 12,350 shares during the quarter. AMG National Trust Bank owned approximately 0.27% of Black Box Corporation worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Tudor Investment Corp ET AL lifted its holdings 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 acquiring an additional 1,199 shares during the period. Alps Advisors Inc. bought a new position in shares of Black Box Corporation during the second quarter valued at $106,000. KCG Holdings Inc. bought a new position in shares of Black Box Corporation during the first quarter valued at $114,000. State of Tennessee Treasury Department lifted its holdings in shares of Black Box Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 14,595 shares of the technology company’s stock valued at $131,000 after acquiring an additional 2,203 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 4,671 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

In other Black Box Corporation news, Director John S. Heller acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $4.35 per share, for a total transaction of $43,500.00. Following the transaction, the director now directly owns 52,320 shares in the company, valued at $227,592. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Separately, Sidoti cut Black Box Corporation from a “buy” rating to a “neutral” rating in a report on Friday, August 11th.

ILLEGAL ACTIVITY NOTICE: “Black Box Corporation (BBOX) Position Increased by AMG National Trust Bank” was first reported by BBNS and is owned by of BBNS. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://baseballnewssource.com/markets/amg-national-trust-bank-grows-holdings-in-black-box-corporation-bbox/1602237.html.

Shares of Black Box Corporation (NASDAQ:BBOX) opened at 3.00 on Friday. The firm’s market capitalization is $45.41 million. Black Box Corporation has a 52 week low of $2.85 and a 52 week high of $17.05. The stock has a 50 day moving average price of $4.31 and a 200-day moving average price of $7.57.

Black Box Corporation (NASDAQ:BBOX) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.34). Black Box Corporation had a positive return on equity of 3.05% and a negative net margin of 1.97%. The business 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 company earned $0.13 earnings per share. Black Box Corporation’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Black Box Corporation will post ($0.69) earnings per share for the current year.

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.

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

Receive News & Ratings for Black Box Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Box Corporation and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.