Quest Resource Holding Co. (NASDAQ:QRHC) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 44.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,463 shares of the business services provider’s stock after purchasing an additional 8,203 shares during the period. Barclays PLC’s holdings in Quest Resource were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QRHC. Ashton Thomas Private Wealth LLC acquired a new position in shares of Quest Resource during the second quarter worth $34,000. BNP Paribas Financial Markets boosted its stake in Quest Resource by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,850 shares in the last quarter. MetLife Investment Management LLC boosted its stake 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 acquiring an additional 5,795 shares in the last quarter. Jane Street Group LLC acquired a new position in Quest Resource in the third quarter valued at $116,000. Finally, Rhumbline Advisers acquired a new position in Quest Resource in the second quarter valued at $145,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Quest Resource Price Performance

Shares of NASDAQ:QRHC opened at $6.41 on Tuesday. The company has a 50-day simple moving average of $6.96 and a 200-day simple moving average of $7.93. Quest Resource Holding Co. has a one year low of $5.80 and a one year high of $10.85. 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 has a market capitalization of $131.97 million, a price-to-earnings ratio of -17.32, a PEG ratio of 4.97 and a beta of 0.67.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com upgraded shares of Quest Resource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Northland Securities assumed coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price objective for the company.

Quest Resource 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.