Inteliquent Inc (IQNT) : Nokomis Capital L.l.c. reduced its stake in Inteliquent Inc by 6.62% during the most recent quarter end. The investment management company now holds a total of 1,126,801 shares of Inteliquent Inc which is valued at $25,848,815 after selling 79,820 shares in Inteliquent Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Inteliquent Inc makes up approximately 5.92% of Nokomis Capital L.l.c.’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in IQNT in the latest quarter, The investment management firm added 2,415 additional shares and now holds a total of 37,187 shares of Inteliquent Inc which is valued at $853,442. Intrust Bank Na added IQNT to its portfolio by purchasing 10,572 company shares during the most recent quarter which is valued at $242,627. Inteliquent Inc makes up approx 0.10% of Intrust Bank Na’s portfolio.Shell Asset Management Co reduced its stake in IQNT by selling 5,268 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 115,122 shares of IQNT which is valued at $1,932,898. Inteliquent Inc makes up approx 0.05% of Shell Asset Management Co’s portfolio.Stanley-laman Group Ltd. boosted its stake in IQNT in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 50,399 shares of Inteliquent Inc which is valued at $846,199. Inteliquent Inc makes up approx 0.36% of Stanley-laman Group Ltd.’s portfolio.
Inteliquent Inc opened for trading at $22.96 and hit $23.01 on the upside on Monday, eventually ending the session at $23, with a gain of 0.31% or 0.07 points. The heightened volatility saw the trading volume jump to 3,67,478 shares. Company has a market cap of $783 M.
On the company’s financial health, Inteliquent Inc reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $0.28. The company had revenue of $99.40 million for the quarter, compared to analysts expectations of $91.64 million. The company’s revenue was up 56.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Inteliquent Inc. Inteliquent Inc was Downgraded by Raymond James to ” Underperform” on Nov 8, 2016. Inteliquent Inc was Initiated by Drexel Hamilton to “Buy” on Oct 4, 2016. Inteliquent Inc was Downgraded by Raymond James to ” Mkt Perform” on Sep 20, 2016.
Inteliquent Inc. is a provider of wholesale voice services for carriers and service providers. The Company offers voice telecommunications services using an all-Internet Protocol (IP) network which enables to deliver connectivity for a variety of media including voice and historically data and video. The Companys solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network. The Company provides voice interconnection services primarily to carriers including wireless wireline cable and broadband telephony companies. Its voice services allow carriers to exchange local and long distance traffic between their networks. The Companys service offering includes managing network capacity between tandem switches and customers switches for improved network quality and reduced call blocking. The Company also provides customers with invoices management reports and call detail records in paper and electronic formats.