Paradice Investment Management LLC increased its position in KLX Energy Services Holdings Inc (NASDAQ:KLXE) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,819,742 shares of the company’s stock after buying an additional 32,673 shares during the quarter. KLX Energy Services comprises about 1.2% of Paradice Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. Paradice Investment Management LLC owned 0.08% of KLX Energy Services worth $15,732,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of KLX Energy Services by 3.1% in the 2nd quarter. BlackRock Inc. now owns 3,331,327 shares of the company’s stock worth $68,059,000 after buying an additional 101,672 shares during the period. Macquarie Group Ltd. raised its position in KLX Energy Services by 4.4% in the second quarter. Macquarie Group Ltd. now owns 764,210 shares of the company’s stock valued at $15,613,000 after purchasing an additional 32,523 shares during the period. Gamco Investors INC. ET AL raised its position in KLX Energy Services by 24.6% in the third quarter. Gamco Investors INC. ET AL now owns 540,355 shares of the company’s stock valued at $4,671,000 after purchasing an additional 106,775 shares during the period. Russell Investments Group Ltd. raised its position in KLX Energy Services by 68.8% in the third quarter. Russell Investments Group Ltd. now owns 349,321 shares of the company’s stock valued at $3,021,000 after purchasing an additional 142,390 shares during the period. Finally, Northern Trust Corp raised its position in KLX Energy Services by 10.1% in the second quarter. Northern Trust Corp now owns 290,142 shares of the company’s stock valued at $5,926,000 after purchasing an additional 26,582 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:KLXE traded up $0.43 during mid-day trading on Friday, hitting $9.76. The company had a trading volume of 165,100 shares, compared to its average volume of 183,013. The company has a current ratio of 3.28, a quick ratio of 3.08 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $8.75 and a 200-day simple moving average of $15.88. KLX Energy Services Holdings Inc has a 1 year low of $7.75 and a 1 year high of $30.48. The firm has a market capitalization of $229.20 million, a price-to-earnings ratio of 3.47 and a beta of 0.78.
KLX Energy Services (NASDAQ:KLXE) last issued its earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.17). KLX Energy Services had a positive return on equity of 10.08% and a negative net margin of 1.13%. The business had revenue of $164.90 million during the quarter, compared to the consensus estimate of $175.05 million. KLX Energy Services’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that KLX Energy Services Holdings Inc will post -0.01 earnings per share for the current year.
In other KLX Energy Services news, Director Theodore L. Weise bought 3,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $9.50 per share, with a total value of $28,500.00. Also, VP Heather Floyd bought 12,455 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of $9.20 per share, for a total transaction of $114,586.00. Insiders acquired 226,276 shares of company stock worth $2,642,603 in the last three months. 10.70% of the stock is currently owned by corporate insiders.
Several research analysts have commented on KLXE shares. ValuEngine raised KLX Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised KLX Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.
KLX Energy Services Profile
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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