Macquarie Group Ltd. Has $13,137,000 Position in KLX Inc. (KLXI)
Macquarie Group Ltd. boosted its position in shares of KLX Inc. (NASDAQ:KLXI) by 64.2% during the second quarter, Holdings Channel reports. The firm owned 423,768 shares of the company’s stock after buying an additional 165,671 shares during the period. Macquarie Group Ltd.’s holdings in KLX were worth $13,137,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KLXI. Metropolitan Life Insurance Co. NY boosted its position in KLX by 1.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 83,451 shares of the company’s stock worth $2,682,000 after buying an additional 1,347 shares during the last quarter. Barclays PLC boosted its position in KLX by 1,026.2% in the first quarter. Barclays PLC now owns 9,145 shares of the company’s stock worth $293,000 after buying an additional 8,333 shares during the last quarter. Squarepoint Ops LLC bought a new position in KLX during the first quarter worth approximately $841,000. BNP Paribas Arbitrage SA boosted its position in KLX by 877.0% in the second quarter. BNP Paribas Arbitrage SA now owns 30,306 shares of the company’s stock worth $939,000 after buying an additional 27,204 shares during the last quarter. Finally, Creative Planning boosted its position in KLX by 0.3% in the second quarter. Creative Planning now owns 3,600 shares of the company’s stock worth $112,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.
KLX Inc. (NASDAQ:KLXI) traded up 0.80% during mid-day trading on Wednesday, reaching $38.98. 121,242 shares of the company were exchanged. The stock’s 50-day moving average price is $35.94 and its 200-day moving average price is $34.24. The stock’s market capitalization is $2.05 billion. KLX Inc. has a 1-year low of $25.33 and a 1-year high of $40.96.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Jefferies Group restated a “hold” rating on shares of KLX in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.71.
KLX Company Profile
KLX Inc (KLX) is the distributor and service provider of aerospace fasteners and consumables. The Company offers ranges of aerospace hardware and consumables and inventory management services across the world. The Company operates through two segments: Aerospace Solutions Group (ASG) and Energy Services Group (ESG).
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