WINTON GROUP Ltd Invests $1.28 Million in Quantinuum Inc. $QNT

WINTON GROUP Ltd purchased a new stake in Quantinuum Inc. (NASDAQ:QNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,700 shares of the company’s stock, valued at approximately $1,283,000.

Other institutional investors have also recently bought and sold shares of the company. Lisanti Capital Growth LLC bought a new position in shares of Quantinuum in the second quarter valued at $409,000. Wellington Management Group LLP bought a new stake in shares of Quantinuum during the second quarter worth about $92,418,000. Outfitters Financial LLC acquired a new stake in shares of Quantinuum in the 2nd quarter worth about $511,000. Readystate Asset Management LP acquired a new position in Quantinuum during the 2nd quarter valued at about $4,111,000. Finally, Light Street Capital Management LLC bought a new stake in Quantinuum during the 2nd quarter worth approximately $2,881,000.

Quantinuum Stock Performance

Shares of Quantinuum stock opened at $49.03 on Monday. Quantinuum Inc. has a 52-week low of $46.54 and a 52-week high of $86.79. The firm has a 50-day moving average price of $57.37.

Quantinuum (NASDAQ:QNT) last posted its earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The firm had revenue of $8.00 million for the quarter. As a group, sell-side analysts forecast that Quantinuum Inc. will post -1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on QNT shares. Rosenblatt Securities restated a “buy” rating and issued a $155.00 target price on shares of Quantinuum in a report on Wednesday, August 19th. Mizuho assumed coverage on Quantinuum in a research note on Monday, June 29th. They set an “outperform” rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Quantinuum in a report on Monday, June 29th. They set an “overweight” rating and a $97.00 price objective on the stock. Evercore initiated coverage on shares of Quantinuum in a report on Monday, June 29th. They issued an “outperform” rating and a $98.00 target price for the company. Finally, Sanford C. Bernstein restated a “hold” rating on shares of Quantinuum in a report on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.42.

Quantinuum Company Profile

Quantinuum is a quantum computing and technology company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops integrated quantum computing systems, combining quantum hardware, software and applications for business, government and research customers.

Its offerings include trapped-ion quantum computers in the H-Series, quantum software development tools such as TKET, and cybersecurity products including Quantum Origin, which is designed to help generate and protect cryptographic keys.