Rice Hall James & Associates LLC Decreases Stake in Quest Resource Holding Co. (NASDAQ:QRHC)

Rice Hall James & Associates LLC lowered its position in Quest Resource Holding Co. (NASDAQ:QRHC) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,264 shares of the business services provider’s stock after selling 45,742 shares during the quarter. Rice Hall James & Associates LLC owned approximately 1.32% of Quest Resource worth $1,770,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Quest Resource by 62.0% during the third 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 in the last quarter. MetLife Investment Management LLC raised its holdings in Quest Resource by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,795 shares in the last quarter. Jane Street Group LLC acquired a new stake in Quest Resource during the third quarter worth approximately $116,000. GSA Capital Partners LLP acquired a new stake in Quest Resource during the third quarter worth approximately $148,000. Finally, Avanza Fonder AB acquired a new stake in Quest Resource during the fourth quarter worth approximately $150,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analysts Set New Price Targets

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

Quest Resource Stock Up 4.3 %

Shares of Quest Resource stock opened at $4.58 on Wednesday. The firm’s fifty day simple moving average is $5.93 and its 200-day simple moving average is $7.27. Quest Resource Holding Co. has a 12 month low of $4.31 and a 12 month high of $10.85. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15.

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.