KLX Inc (KLXI) : Golden Gate Private Equity added new position in KLX Inc during the most recent quarter end. The investment management firm now holds 66,650 shares of KLX Inc which is valued at $2,616,013 , the company said in a statement filed on Nov 14, 2016 with the SEC.KLX Inc makes up approximately 1.13% of Golden Gate Private Equity’s portfolio.
Other Hedge Funds, Including , Gotham Asset Management added KLXI to its portfolio by purchasing 14,961 company shares during the most recent quarter which is valued at $591,708. KLX Inc makes up approx 0.01% of Gotham Asset Management’s portfolio. Riverhead Capital Management added KLXI to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $109,732. KLX Inc makes up approx 0.01% of Riverhead Capital Management’s portfolio.Alliancebernstein reduced its stake in KLXI by selling 70 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 85,416 shares of KLXI which is valued at $3,347,453.Proshare Advisors reduced its stake in KLXI by selling 1,568 shares or 13.82% in the most recent quarter. The Hedge Fund company now holds 9,777 shares of KLXI which is valued at $383,161. KLX Inc makes up approx 0.01% of Proshare Advisors’s portfolio.
KLX Inc opened for trading at $38.62 and hit $39.29 on the upside on Monday, eventually ending the session at $39.28, with a gain of 1.58% or 0.61 points. The heightened volatility saw the trading volume jump to 2,81,376 shares. Company has a market cap of $2,070 M.
On the company’s financial health, KLX Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 23, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $368.20 million for the quarter, compared to analysts expectations of $373.48 million. The company’s revenue was down -14.7 % compared to the same quarter last year.
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. It operates in two segments: Aerospace Solutions Group (ASG) segment and Energy Services Group (ESG) segment. Its customers include oil and gas companies that are engaged in the exploration and production (E&P) and development of oil and gas properties. Through the Company’s global facilities network and information technology systems it offers unparalleled service to commercial airlines business jet and defense original equipment manufacturers and their subcontractors (OEMs) maintenance repair and overhaul (MRO) operators and fixed base operators (FBOs). Its systems support both internal distribution processes along with customer services including just-in-time (JIT) deliveries and kitting solutions. It provides access to over one million stock keeping units (SKUs).