Laurion Capital Management LP decreased its holdings in Exela Technologies, Inc. (NASDAQ:XELA) by 34.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,867 shares of the company’s stock after selling 350,662 shares during the period. Laurion Capital Management LP’s holdings in Exela Technologies were worth $4,683,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in XELA. BlackRock Inc. bought a new stake in Exela Technologies in the second quarter valued at approximately $11,107,000. Nantahala Capital Management LLC raised its stake in Exela Technologies by 46.3% in the second quarter. Nantahala Capital Management LLC now owns 6,662,582 shares of the company’s stock valued at $31,647,000 after buying an additional 2,109,103 shares during the period. 22NW LP bought a new stake in Exela Technologies in the second quarter valued at approximately $2,363,000. Northern Trust Corp bought a new stake in Exela Technologies in the second quarter valued at approximately $1,977,000. Finally, Serengeti Asset Management LP raised its stake in Exela Technologies by 92.4% in the second quarter. Serengeti Asset Management LP now owns 433,000 shares of the company’s stock valued at $2,057,000 after buying an additional 208,000 shares during the period. Hedge funds and other institutional investors own 44.54% of the company’s stock.
Several analysts have issued reports on XELA shares. Nomura restated a “buy” rating and issued a $10.00 price objective on shares of Exela Technologies in a research note on Sunday, August 12th. Zacks Investment Research lowered Exela Technologies from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Finally, Morgan Stanley initiated coverage on Exela Technologies in a research note on Monday, October 22nd. They set an “overweight” rating and a $9.00 target price on the stock.
Exela Technologies (NASDAQ:XELA) last announced its earnings results on Thursday, November 8th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ 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%. On average, research analysts anticipate that Exela Technologies, Inc. will post -0.63 earnings per share for the current year.
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Exela Technologies Company Profile
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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