November 22, 2016 - By Winifred Garcia · 0 Comments
Moduslink Global Solutions Inc (NASDAQ:MLNK) institutional sentiment decreased to 0.4 in Q2 2016. Its down -0.09, from 0.49 in 2016Q1. The ratio dived, as 21 hedge funds increased and opened new equity positions, while 43 decreased and sold holdings in Moduslink Global Solutions Inc. The hedge funds in our partner’s database reported: 31.64 million shares, down from 34.68 million shares in 2016Q1. Also, the number of hedge funds holding Moduslink Global Solutions Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 15 Reduced: 28 Increased: 9 New Position: 12.
ModusLink Global Solutions, Inc. is a well-known provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc. The company has a market cap of $76.07 million. The Firm provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. It currently has negative earnings. The Firm operates through four divisions: Americas, Asia, Europe and e-business.
About 43,573 shares traded hands. ModusLink Global Solutions, Inc. (NASDAQ:MLNK) has 0.00% since April 20, 2016 and is . It has underperformed by 4.56% the S&P500.
According to Zacks Investment Research, “MODUSLINK GLOBAL SOLUTIONS, INC., is a leader in global supply chain business process management. They provide organizations in the high technology, communications and medical industries with a broad and integrated portfolio of business process outsourcing and technology solutions delivered across four core competencies: Supply Chain, e-Business, Aftermarket and Entitlement Management.”
Steel Partners Holdings L.P. holds 5.62% of its portfolio in ModusLink Global Solutions, Inc. for 16.48 million shares. Cooper Creek Partners Management Llc owns 1.71 million shares or 1.33% of their US portfolio. Moreover, Schneider Capital Management Corp has 0.38% invested in the company for 1.64 million shares. The New York-based Teton Advisors Inc. has invested 0.19% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 36,252 shares.#img1#
ModusLink Global Solutions, Inc., incorporated on September 25, 2008, is a well-known provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc. The Firm provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Firm operates through four divisions: Americas, Asia, Europe and e-business. As of July 31, 2016, the Company operated in over 20 sites across North America, Europe and the Asia Pacific region.
More recent ModusLink Global Solutions, Inc. (NASDAQ:MLNK) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Businesswire.com published the news titled: “ModusLink Global Solutions Announces Executive Changes” on March 29, 2016. Seekingalpha.com‘s news article titled: “ModusLink: Is There Any Hope?” with publication date: August 19, 2016 was also an interesting one.
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By Winifred Garcia