KCG Holdings, Inc. Class A (KCG) Sees Large Decline in Short Interest

KCG Holdings, Inc. Class A (NYSE:KCG) saw a significant drop in short interest in April. As of April 28th, there was short interest totalling 1,264,881 shares, a drop of 35.2% from the April 13th total of 1,951,393 shares. Based on an average daily trading volume, of 3,629,722 shares, the short-interest ratio is presently 0.3 days. Approximately 2.1% of the shares of the stock are sold short.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded KCG Holdings, Inc. Class A from a “hold” rating to a “sell” rating in a research report on Saturday, April 22nd. Buckingham Research downgraded KCG Holdings, Inc. Class A from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Thursday, April 20th. Sandler O’Neill downgraded KCG Holdings, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Wells Fargo & Co downgraded KCG Holdings, Inc. Class A from an “outperform” rating to a “market perform” rating in a research report on Monday, April 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.33.

In other KCG Holdings, Inc. Class A news, General Counsel John A. Mccarthy sold 26,951 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $19.94, for a total transaction of $537,402.94. Following the completion of the transaction, the general counsel now owns 61,829 shares of the company’s stock, valued at $1,232,870.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nick Ogurtsov sold 58,549 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $19.85, for a total value of $1,162,197.65. The disclosure for this sale can be found here. Company insiders own 39.22% of the company’s stock.

Large investors have recently made changes to their positions in the stock. WFG Advisors LP increased its stake in shares of KCG Holdings, Inc. Class A by 9,900.0% in the fourth quarter. WFG Advisors LP now owns 3,300 shares of the financial services provider’s stock worth $237,000 after buying an additional 3,267 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of KCG Holdings, Inc. Class A during the first quarter worth approximately $115,000. FJ Capital Management LLC bought a new stake in shares of KCG Holdings, Inc. Class A during the fourth quarter worth approximately $138,000. Yorktown Management & Research Co Inc bought a new stake in shares of KCG Holdings, Inc. Class A during the first quarter worth approximately $193,000. Finally, Principal Financial Group Inc. bought a new stake in shares of KCG Holdings, Inc. Class A during the first quarter worth approximately $212,000.

Shares of KCG Holdings, Inc. Class A (NYSE:KCG) opened at 19.84 on Friday. The stock has a 50 day moving average price of $18.97 and a 200-day moving average price of $15.55. The stock has a market cap of $1.25 billion, a P/E ratio of 7.19 and a beta of 1.63. KCG Holdings, Inc. Class A has a 12 month low of $12.21 and a 12 month high of $19.96.

KCG Holdings, Inc. Class A (NYSE:KCG) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. KCG Holdings, Inc. Class A had a return on equity of 17.07% and a net margin of 17.58%. The company had revenue of $255.40 million during the quarter, compared to the consensus estimate of $250.75 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly revenue was down 26.1% compared to the same quarter last year. On average, analysts forecast that KCG Holdings, Inc. Class A will post $0.23 EPS for the current fiscal year.

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KCG Holdings, Inc. Class A Company Profile

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.

12 Month Chart for NYSE:KCG

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