GSA Capital Partners LLP purchased a new position in shares of KCG Holdings Inc. (NYSE:KCG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,143 shares of the company’s stock, valued at approximately $441,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its stake in KCG Holdings by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,283,410 shares of the company’s stock valued at $15,337,000 after buying an additional 6,596 shares during the period. Adirondack Research & Management Inc. increased its stake in shares of KCG Holdings by 5.7% in the first quarter. Adirondack Research & Management Inc. now owns 513,928 shares of the company’s stock worth $6,141,000 after buying an additional 27,500 shares during the period. Bank of New York Mellon Corp increased its stake in shares of KCG Holdings by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 418,869 shares of the company’s stock worth $5,572,000 after buying an additional 66,147 shares during the period. Geode Capital Management LLC increased its stake in shares of KCG Holdings by 5.7% in the first quarter. Geode Capital Management LLC now owns 404,316 shares of the company’s stock worth $4,831,000 after buying an additional 21,891 shares during the period. Finally, EAM Investors LLC purchased a new stake in shares of KCG Holdings during the second quarter worth about $2,450,000. Institutional investors and hedge funds own 81.35% of the company’s stock.
KCG Holdings Inc. (NYSE:KCG) traded up 0.99% during trading on Tuesday, reaching $14.34. 260,018 shares of the company’s stock traded hands. The stock has a market cap of $1.24 billion, a P/E ratio of 14.50 and a beta of 1.52. KCG Holdings Inc. has a one year low of $10.03 and a one year high of $15.21. The firm’s 50 day moving average price is $14.58 and its 200-day moving average price is $13.49.
KCG Holdings (NYSE:KCG) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. The company had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. During the same quarter last year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that KCG Holdings Inc. will post $0.23 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on KCG. Barclays PLC set a $15.00 price target on shares of KCG Holdings and gave the stock a “hold” rating in a report on Tuesday, August 9th. Zacks Investment Research raised shares of KCG Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. Buckingham Research began coverage on shares of KCG Holdings in a report on Tuesday, June 7th. They set a “buy” rating on the stock. Finally, TheStreet raised shares of KCG Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $15.25.
About KCG Holdings
KCG Holdings, Inc is a holding company. The Company is an independent securities company offering investors a range of services designed to address trading needs across asset classes, product types and time zones. The Company combines technology with client service across market making, agency execution and venues.
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