First Eagle Investment Management LLC Cuts Stock Holdings in Quest Resource Holding Co. (NASDAQ:QRHC)

First Eagle Investment Management LLC cut its position in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 53.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,265 shares of the business services provider’s stock after selling 82,580 shares during the period. First Eagle Investment Management LLC owned 0.36% of Quest Resource worth $476,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QRHC. Raymond James Financial Inc. purchased a new stake in shares of Quest Resource during the 4th quarter worth about $68,000. BNP Paribas Financial Markets raised its holdings in 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 worth $80,000 after purchasing an additional 3,850 shares during the period. MetLife Investment Management LLC grew its holdings in Quest Resource by 129.1% in the third 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. Jane Street Group LLC purchased a new stake in shares of Quest Resource in the third quarter valued at approximately $116,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Quest Resource during the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Thursday.

Quest Resource Price Performance

NASDAQ:QRHC opened at $2.97 on Monday. The firm has a market cap of $61.15 million, a P/E ratio of -8.03, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66. The stock has a 50 day moving average of $5.12 and a two-hundred day moving average of $6.75. Quest Resource Holding Co. has a 12 month low of $2.61 and a 12 month high of $10.85. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings data on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. The firm had revenue of $69.97 million during the quarter, compared to analyst estimates of $73.63 million. On average, analysts expect that Quest Resource Holding Co. will post 0.09 earnings per share for the current fiscal year.

About Quest Resource

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.