Are QuinStreet’s Top Institutional Investors Cutting Their Positions After Street View?

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With five and a half months passed in 2012, QuinStreet, Inc.’s (NASDAQ:QNST) shares are down 4.14 percent. On Tuesday, the company’s stock had been downgraded by TheStreet from a “Hold” rating to “Sell.” The ratings report cited a number of factors for the downgrade including a disappointing historical stock performance, a declining net income, a dissatisfying return on equity, weak profit margins and operating cash flow.

With the downgrade, will QuinStreet’s largest shareholders decrease their positions? 92 institutional firms indicated owning shares of QuinStreet, Inc. (NASDAQ:QNST) in Q1 2012. These firms reported owning a total of 19.765 million shares on 03/31/2012. The shares closed at $10.49 on 03/31/2012.

Here are the ten largest positions in QuinStreet, Inc. at the end of March 31st, 2012.

Frontier Capital Management Co LLC held 4,585,770 shares on 03/31/2012 worth $48,104,726. This brought the portfolio total to 0.49%.

FMR LLC held 3,743,552 shares on 03/31/2012 worth $39,269,860. This brought the portfolio total to 0.01%.

Vanguard Group Inc held 1,325,462 shares on 03/31/2012 worth $13,904,096. This brought the portfolio total to 0.0%.

Stadium Capital Management LLC held 1,180,597 shares on 03/31/2012 worth $12,384,462. This brought the portfolio total to 3.55%.

Needham Investment Management LLC held 992,860 shares on 03/31/2012 worth $10,415,101. This brought the portfolio total to 2.15%.

Royce & Associates LLC held 706,769 shares on 03/31/2012 worth $7,414,007. This brought the portfolio total to 0.02%.

Power Corp of Canada /FI held 543,293 shares on 03/31/2012 worth $5,699,143. This brought the portfolio total to 31.75%.

Blackrock Fund Advisors held 526,884 shares on 03/31/2012 worth $5,527,013. This brought the portfolio total to 0.0%.

State Street Corp held 493,722 shares on 03/31/2012 worth $5,179,144. This brought the portfolio total to 0.0%.

Blackrock Institutional Trust Company N.A. held 394,304 shares on 03/31/2012 worth $4,136,249. This brought the portfolio total to 0.0%.

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