Quantitative Systematic Strategies LLC raised its position in shares of KCG Holdings Inc. (NYSE:KCG) by 31.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,181 shares of the company’s stock after buying an additional 4,100 shares during the period. Quantitative Systematic Strategies LLC’s holdings in KCG Holdings were worth $224,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in KCG. Fox Run Management L.L.C. purchased a new stake in KCG Holdings during the second quarter worth about $178,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 last quarter. Prudential Financial Inc. bought a new stake in shares of KCG Holdings during the first quarter valued at $1,219,000. Spark Investment Management LLC bought a new stake in shares of KCG Holdings during the first quarter valued at $507,000. Finally, Landscape Capital Management L.L.C. increased its stake in shares of KCG Holdings by 81.2% in the first quarter. Landscape Capital Management L.L.C. now owns 74,100 shares of the company’s stock valued at $885,000 after buying an additional 33,200 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.
KCG Holdings Inc. (NYSE:KCG) traded up 0.40% during midday trading on Friday, reaching $15.12. The company had a trading volume of 230,035 shares. KCG Holdings Inc. has a one year low of $10.03 and a one year high of $15.70. The stock’s 50 day moving average price is $14.85 and its 200-day moving average price is $13.95. The firm has a market capitalization of $1.30 billion, a P/E ratio of 15.29 and a beta of 1.50.
KCG Holdings (NYSE:KCG) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. The firm had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. During the same period in the previous year, the firm posted ($0.18) EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities research analysts anticipate that KCG Holdings Inc. will post $0.23 earnings per share for the current year.
Several brokerages have recently weighed in on KCG. Barclays PLC set a $15.00 target price on KCG Holdings and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded KCG Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. KCG Holdings currently has an average rating of “Hold” and an average target price of $15.50.
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.