AlphaQuest LLC Acquires 1,288 Shares of IDT Corporation $IDT

AlphaQuest LLC increased its holdings in shares of IDT Corporation (NYSE:IDT) by 700.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,472 shares of the utilities provider’s stock after acquiring an additional 1,288 shares during the period. AlphaQuest LLC’s holdings in IDT were worth $76,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Martingale Asset Management L P grew its position in IDT by 1.0% during the 1st quarter. Martingale Asset Management L P now owns 20,610 shares of the utilities provider’s stock worth $1,058,000 after acquiring an additional 210 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in IDT by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 303 shares during the last quarter. Rhumbline Advisers grew its position in IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock worth $1,346,000 after acquiring an additional 320 shares during the last quarter. MetLife Investment Management LLC grew its position in IDT by 7.4% during the 4th quarter. MetLife Investment Management LLC now owns 9,294 shares of the utilities provider’s stock worth $442,000 after acquiring an additional 643 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in IDT during the 4th quarter worth approximately $44,000. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Performance

NYSE:IDT opened at $64.79 on Thursday. The stock’s fifty day moving average price is $61.97 and its two-hundred day moving average price is $56.90. IDT Corporation has a 52-week low of $36.12 and a 52-week high of $71.12. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 17.09 and a beta of 0.79.

IDT (NYSE:IDT) last posted its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. The company had revenue of $301.98 million for the quarter. IDT had a return on equity of 26.38% and a net margin of 7.85%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered IDT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 14th.

IDT Company Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.