Laurion Capital Management LP reduced its holdings in Exela Technologies, Inc. (NASDAQ:XELA) by 34.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 656,867 shares of the company’s stock after selling 350,662 shares during the quarter. Laurion Capital Management LP owned 0.43% of Exela Technologies worth $4,683,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Nantahala Capital Management LLC increased its holdings in shares of Exela Technologies by 46.3% in the second quarter. Nantahala Capital Management LLC now owns 6,662,582 shares of the company’s stock worth $31,647,000 after acquiring an additional 2,109,103 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Exela Technologies by 1.6% in the third quarter. BlackRock Inc. now owns 2,376,182 shares of the company’s stock worth $16,943,000 after acquiring an additional 37,833 shares in the last quarter. 22NW LP bought a new stake in shares of Exela Technologies in the second quarter worth about $2,363,000. Serengeti Asset Management LP increased its holdings in shares of Exela Technologies by 92.4% in the second quarter. Serengeti Asset Management LP now owns 433,000 shares of the company’s stock worth $2,057,000 after acquiring an additional 208,000 shares in the last quarter. Finally, Northern Trust Corp bought a new stake in shares of Exela Technologies in the second quarter worth about $1,977,000. Institutional investors own 44.54% of the company’s stock.
XELA stock opened at $4.09 on Friday. Exela Technologies, Inc. has a fifty-two week low of $3.91 and a fifty-two week high of $7.34.
Exela Technologies (NASDAQ:XELA) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). The firm had revenue of $383.03 million for the quarter. Exela Technologies had a negative return on equity of 31,672.80% and a negative net margin of 8.70%. As a group, analysts anticipate that Exela Technologies, Inc. will post -0.63 earnings per share for the current fiscal year.
XELA has been the subject of several recent research reports. Morgan Stanley initiated coverage on Exela Technologies in a research report on Monday, October 22nd. They set an “overweight” rating and a $9.00 price objective for the company. Zacks Investment Research cut Exela Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Finally, Nomura reaffirmed a “buy” rating and set a $10.00 price objective on shares of Exela Technologies in a research report on Sunday, August 12th.
About Exela Technologies
Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).
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