Gabelli Funds LLC lifted its position in shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) by 38.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,326 shares of the company’s stock after acquiring an additional 67,000 shares during the quarter. Gabelli Funds LLC owned approximately 1.03% of KLX Energy Services worth $2,095,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of KLX Energy Services by 106.8% during the 2nd quarter. Bank of Montreal Can now owns 3,114 shares of the company’s stock valued at $63,000 after acquiring an additional 1,608 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of KLX Energy Services by 15.2% during the 2nd quarter. SG Americas Securities LLC now owns 5,582 shares of the company’s stock valued at $114,000 after acquiring an additional 736 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of KLX Energy Services during the 1st quarter valued at $163,000. Trexquant Investment LP acquired a new stake in shares of KLX Energy Services during the 2nd quarter valued at $222,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of KLX Energy Services during the 2nd quarter valued at $225,000. 86.14% of the stock is currently owned by institutional investors.
Several brokerages have commented on KLXE. ValuEngine raised KLX Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised KLX Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.
KLXE traded up $0.43 during midday trading on Friday, hitting $9.76. 165,100 shares of the company were exchanged, compared to its average volume of 183,013. The company has a quick ratio of 3.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average price is $8.75 and its 200-day moving average price is $15.88. The firm has a market capitalization of $229.20 million, a P/E ratio of 3.47 and a beta of 0.78. KLX Energy Services Holdings Inc has a 1-year low of $7.75 and a 1-year high of $30.48.
KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The company had revenue of $164.90 million for the quarter, compared to the consensus estimate of $175.05 million. KLX Energy Services had a positive return on equity of 10.08% and a negative net margin of 1.13%. KLX Energy Services’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts predict that KLX Energy Services Holdings Inc will post -0.01 earnings per share for the current fiscal year.
In other KLX Energy Services news, CEO Amin J. Khoury bought 100,000 shares of KLX Energy Services stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $11.85 per share, with a total value of $1,185,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas P. Mccaffrey bought 75,000 shares of KLX Energy Services stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $12.11 per share, with a total value of $908,250.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 226,276 shares of company stock valued at $2,642,603. 10.70% of the stock is currently owned by corporate insiders.
About KLX Energy Services
KLX Energy Services Holdings, Inc provides completion, intervention, and production services and products to the onshore oil and gas producing regions of the United States. It offers a range of technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.
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