Tower Research Capital LLC TRC Buys 5,293 Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE)

Tower Research Capital LLC TRC boosted its holdings in KLX Energy Services Holdings Inc (NASDAQ:KLXE) by 1,566.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,631 shares of the company’s stock after acquiring an additional 5,293 shares during the quarter. Tower Research Capital LLC TRC’s holdings in KLX Energy Services were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KLXE. Russell Investments Group Ltd. lifted its position in KLX Energy Services by 68.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 349,321 shares of the company’s stock valued at $3,021,000 after acquiring an additional 142,390 shares in the last quarter. FMR LLC bought a new position in KLX Energy Services in the 1st quarter valued at approximately $3,042,000. Gamco Investors INC. ET AL lifted its position in KLX Energy Services by 24.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 540,355 shares of the company’s stock valued at $4,671,000 after acquiring an additional 106,775 shares in the last quarter. BlackRock Inc. lifted its position in KLX Energy Services by 3.1% in the 2nd quarter. BlackRock Inc. now owns 3,331,327 shares of the company’s stock valued at $68,059,000 after acquiring an additional 101,672 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in KLX Energy Services in the 2nd quarter valued at approximately $2,044,000. 86.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports 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 cut KLX Energy Services from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 23rd.

KLXE stock opened at $5.52 on Tuesday. The stock has a market capitalization of $133.37 million, a PE ratio of 1.96 and a beta of 0.61. KLX Energy Services Holdings Inc has a 12-month low of $4.86 and a 12-month high of $30.11. 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 stock’s 50 day simple moving average is $7.79 and its 200 day simple moving average is $13.54.

In other news, Director Theodore L. Weise purchased 3,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were purchased at an average cost of $9.50 per share, with a total value of $28,500.00. Also, VP Heather Floyd purchased 12,455 shares of the stock in a transaction dated Wednesday, September 25th. The shares were purchased at an average cost of $9.20 per share, for a total transaction of $114,586.00. 10.70% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for KLX Energy Services (NASDAQ:KLXE)

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