AQR Capital Management LLC Reduces Position in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

AQR Capital Management LLC reduced its holdings in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Free Report) by 83.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,288 shares of the company's stock after selling 247,509 shares during the period. AQR Capital Management LLC owned approximately 0.29% of KLX Energy Services worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KLXE. Allspring Global Investments Holdings LLC lifted its holdings in shares of KLX Energy Services by 89,460.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company's stock worth $44,000 after acquiring an additional 8,946 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of KLX Energy Services in the 1st quarter worth about $91,000. Virtu Financial LLC bought a new stake in shares of KLX Energy Services in the 1st quarter worth about $122,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KLX Energy Services in the 2nd quarter worth about $84,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of KLX Energy Services in the 1st quarter worth about $139,000. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services Trading Down 4.4 %

KLXE traded down $0.22 on Friday, reaching $4.74. 85,444 shares of the company traded hands, compared to its average volume of 175,268. KLX Energy Services Holdings, Inc. has a one year low of $4.18 and a one year high of $12.13. The firm has a fifty day simple moving average of $6.11 and a two-hundred day simple moving average of $5.97. The company has a market cap of $79.95 million, a P/E ratio of -6.04 and a beta of 1.97. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 32.22.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.40) earnings per share for the quarter, beating analysts' consensus estimates of ($0.72) by $0.32. KLX Energy Services had a negative net margin of 4.13% and a negative return on equity of 94.97%. The company had revenue of $180.20 million during the quarter, compared to analyst estimates of $179.80 million. As a group, equities research analysts expect that KLX Energy Services Holdings, Inc. will post -2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KLXE has been the subject of a number of research analyst reports. Singular Research upgraded shares of KLX Energy Services to a "strong-buy" rating in a report on Monday, August 12th. Piper Sandler decreased their price objective on shares of KLX Energy Services from $6.50 to $4.50 and set a "neutral" rating for the company in a report on Monday, July 15th.

KLX Energy Services Company Profile

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.