KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Stock Position Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 379.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,791 shares of the company’s stock after purchasing an additional 3,001 shares during the period. Tower Research Capital LLC TRC’s holdings in KLX Energy Services were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KLXE. Wellington Management Group LLP grew its position in KLX Energy Services by 39.6% during the third quarter. Wellington Management Group LLP now owns 477,600 shares of the company’s stock valued at $5,660,000 after purchasing an additional 135,600 shares in the last quarter. Gendell Jeffrey L lifted its stake in KLX Energy Services by 5.9% in the third quarter. Gendell Jeffrey L now owns 1,502,192 shares of the company’s stock valued at $17,801,000 after acquiring an additional 83,140 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in KLX Energy Services in the fourth quarter valued at approximately $868,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in KLX Energy Services in the third quarter valued at approximately $238,000. Finally, Gamco Investors INC. ET AL lifted its stake in KLX Energy Services by 21.1% in the third quarter. Gamco Investors INC. ET AL now owns 23,000 shares of the company’s stock valued at $273,000 after acquiring an additional 4,000 shares during the last quarter. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services Stock Up 4.5 %

NASDAQ KLXE traded up $0.28 during trading on Thursday, reaching $6.57. The company’s stock had a trading volume of 149,760 shares, compared to its average volume of 178,662. The company has a current ratio of 1.77, a quick ratio of 1.56 and a debt-to-equity ratio of 8.26. The stock has a market capitalization of $109.92 million, a PE ratio of 5.03 and a beta of 2.15. The business has a 50-day moving average price of $7.54 and a 200-day moving average price of $9.16. KLX Energy Services Holdings, Inc. has a 1-year low of $6.24 and a 1-year high of $13.42.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Wednesday, March 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.34). The business had revenue of $194.20 million during the quarter, compared to analyst estimates of $193.70 million. KLX Energy Services had a net margin of 2.16% and a return on equity of 62.68%. On average, research analysts forecast that KLX Energy Services Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

About KLX Energy Services

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.