Ancora Advisors LLC raised its holdings in shares of KLX Inc (NASDAQ:KLXI) by 81.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,799 shares of the aerospace company’s stock after buying an additional 9,816 shares during the quarter. Ancora Advisors LLC’s holdings in KLX were worth $1,369,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KLXI. Advisors Preferred LLC lifted its holdings in shares of KLX by 137.5% during the second quarter. Advisors Preferred LLC now owns 1,489 shares of the aerospace company’s stock worth $107,000 after buying an additional 862 shares during the last quarter. Mint Tower Capital Management B.V. bought a new stake in shares of KLX during the second quarter valued at approximately $144,000. We Are One Seven LLC bought a new stake in shares of KLX during the third quarter valued at approximately $208,000. Commonwealth Bank of Australia bought a new stake in shares of KLX during the third quarter valued at approximately $213,000. Finally, Signition LP bought a new stake in shares of KLX during the third quarter valued at approximately $298,000. Institutional investors own 90.07% of the company’s stock.
KLXI has been the topic of a number of research reports. BidaskClub upgraded KLX from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. ValuEngine cut KLX from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. KLX presently has a consensus rating of “Hold” and a consensus price target of $66.50.
KLXI opened at $62.99 on Monday. KLX Inc has a 1 year low of $44.06 and a 1 year high of $69.56.
KLX Company Profile
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.
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