Barclays PLC Acquires 8,203 Shares of Quest Resource Holding Co. (NASDAQ:QRHC)

Barclays PLC boosted its holdings in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 44.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,463 shares of the business services provider’s stock after acquiring an additional 8,203 shares during the period. Barclays PLC’s holdings in Quest Resource were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Quest Resource by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock valued at $2,815,000 after purchasing an additional 3,731 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,850 shares during the period. State Street Corp raised its stake in shares of Quest Resource by 2.5% in the 3rd quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 4,235 shares during the period. MetLife Investment Management LLC raised its stake in shares of Quest Resource by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 5,795 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Quest Resource by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock valued at $1,484,000 after purchasing an additional 7,945 shares during the period. 48.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Quest Resource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.

Quest Resource Price Performance

NASDAQ:QRHC opened at $5.92 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $7.73. The company has a market cap of $121.88 million, a P/E ratio of -16.00, a P/E/G ratio of 1.02 and a beta of 0.67. Quest Resource Holding Co. has a 52-week low of $5.67 and a 52-week high of $10.85.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The business had revenue of $72.77 million for the quarter, compared to analyst estimates of $77.03 million. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. During the same period last year, the firm earned $0.02 EPS. As a group, sell-side analysts forecast that Quest Resource Holding Co. will post 0.09 EPS for the current fiscal year.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.