Cooper Creek Partners Management buys $9,215,583 stake in Quantum Corp (QTM)

Quantum Corp (QTM) : Cooper Creek Partners Management scooped up 428,413 additional shares in Quantum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 10,931,890 shares of Quantum Corp which is valued at $9,215,583.Quantum Corp makes up approximately 6.00% of Cooper Creek Partners Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in QTM in the latest quarter, The investment management firm added 30,559 additional shares and now holds a total of 52,954 shares of Quantum Corp which is valued at $44,640.Spark Investment Management boosted its stake in QTM in the latest quarter, The investment management firm added 136,000 additional shares and now holds a total of 770,900 shares of Quantum Corp which is valued at $590,509. Quantum Corp makes up approx 0.05% of Spark Investment Management’s portfolio.Blackrock Fund Advisors boosted its stake in QTM in the latest quarter, The investment management firm added 5,685 additional shares and now holds a total of 54,217 shares of Quantum Corp which is valued at $40,121.

Quantum Corp closed down -0.0565 points or -6.08% at $0.8735 with 13,34,043 shares getting traded on Monday. Post opening the session at $0.93, the shares hit an intraday low of $0.845 and an intraday high of $0.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Quantum Corp reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.00. The company had revenue of $134.70 million for the quarter, compared to analysts expectations of $132.55 million. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Quantum Corporation (Quantum) is engaged in providing solutions in scale-out storage archive and data protection. The Company provides solutions for capturing sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical virtual and cloud environments. The Company’s scale-out storage portfolio includes StorNext software appliances and systems called StorNext Pro Solutions as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage online storage tape archive and the cloud. The Company has portfolio of data protection solutions for physical virtual and cloud environments. This includes its DXi deduplication systems Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.

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