Kalos Management adds Argan (AGX) to its portfolio

Argan (AGX) : Kalos Management added new position in Argan during the most recent quarter end. The investment management firm now holds 6,841 shares of Argan which is valued at $318,107 , the company said in a statement filed on Aug 1, 2016 with the SEC.Argan makes up approximately 0.24% of Kalos Management’s portfolio.

Other Hedge Funds, Including , 1st Global Advisors reduced its stake in AGX by selling 124 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 10,189 shares of AGX which is valued at $469,305. Argan makes up approx 0.06% of 1st Global Advisors’s portfolio.Eagle Asset Management Inc boosted its stake in AGX in the latest quarter, The investment management firm added 109,893 additional shares and now holds a total of 288,482 shares of Argan which is valued at $13,330,753. Argan makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.Hays Advisory reduced its stake in AGX by selling 32,061 shares or 14.12% in the most recent quarter. The Hedge Fund company now holds 195,014 shares of AGX which is valued at $9,011,597. Argan makes up approx 1.37% of Hays Advisory’s portfolio.

Argan closed down -0.23 points or -0.49% at $46.27 with 1,03,644 shares getting traded on Thursday. Post opening the session at $46.5, the shares hit an intraday low of $46.063 and an intraday high of $46.7 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on Argan. Lake Street Initiated Argan on Jun 9, 2016 to “Buy”, Price Target of the shares are set at $56.

Argan Inc. is a holding company. The Company conducts operations through its wholly owned subsidiaries Gemma Power Systems LLC and affiliates (GPS) and Southern Maryland Cable Inc. (SMC). The Company operates in two segments: power industry services and telecommunications infrastructure services. Through GPS the Company provides a range of development consulting engineering procurement construction commissioning operations and maintenance services to the power generation and renewable energy markets for a variety of customers including public utilities independent power project owners municipalities public institutions and private industry. Through SMC it provides telecommunications infrastructure services including project management construction and maintenance to the federal government local governments telecommunications and broadband service providers as well as electric utilities.

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