Quantbot Technologies LP purchased a new stake in shares of Inteliquent Inc. (NASDAQ:IQNT) during the third quarter, Holdings Channel reports. The firm purchased 9,644 shares of the company’s stock, valued at approximately $155,000.
Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Inteliquent by 5.3% in the second quarter. Vanguard Group Inc. now owns 2,877,191 shares of the company’s stock valued at $57,227,000 after buying an additional 144,617 shares during the period. BlackRock Fund Advisors raised its position in shares of Inteliquent by 141.5% in the second quarter. BlackRock Fund Advisors now owns 2,345,354 shares of the company’s stock valued at $46,649,000 after buying an additional 1,374,028 shares during the period. LSV Asset Management raised its position in shares of Inteliquent by 22.7% in the second quarter. LSV Asset Management now owns 1,780,064 shares of the company’s stock valued at $35,405,000 after buying an additional 329,077 shares during the period. Allianz Asset Management AG raised its position in shares of Inteliquent by 2.0% in the second quarter. Allianz Asset Management AG now owns 1,599,887 shares of the company’s stock valued at $31,822,000 after buying an additional 31,845 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Inteliquent by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,506,098 shares of the company’s stock valued at $29,956,000 after buying an additional 9,800 shares during the period. 84.21% of the stock is currently owned by institutional investors and hedge funds.
Inteliquent Inc. (NASDAQ:IQNT) traded up 0.17% during trading on Friday, reaching $22.97. The company’s stock had a trading volume of 87,293 shares. The stock has a market cap of $790.72 million, a price-to-earnings ratio of 21.67 and a beta of 1.11. Inteliquent Inc. has a 52-week low of $14.56 and a 52-week high of $23.67. The firm has a 50 day moving average price of $19.46 and a 200-day moving average price of $17.93.
Inteliquent (NASDAQ:IQNT) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The company earned $99.40 million during the quarter, compared to analyst estimates of $92.61 million. Inteliquent had a net margin of 10.35% and a return on equity of 19.22%. Inteliquent’s revenue was up 56.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, analysts expect that Inteliquent Inc. will post $1.19 earnings per share for the current year.
Several equities analysts have recently issued reports on IQNT shares. Raymond James Financial Inc. reaffirmed an “underperform” rating on shares of Inteliquent in a research note on Tuesday, November 8th. Zacks Investment Research lowered Inteliquent from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Morgan Stanley reaffirmed a “hold” rating and set a $20.00 price target on shares of Inteliquent in a research note on Monday, August 1st. Drexel Hamilton started coverage on Inteliquent in a research note on Tuesday, October 4th. They set a “buy” rating and a $24.00 price target on the stock. Finally, BWS Financial cut their price target on Inteliquent from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Inteliquent has a consensus rating of “Hold” and a consensus target price of $22.67.
Inteliquent, Inc is a provider of voice telecommunications services primarily on a wholesale basis. The Company offers its services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a range of media, including voice, and data and video. The Company’s solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network.