SG Americas Securities LLC bought a new position in KMG Chemicals, Inc. (NYSE:KMG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,997 shares of the specialty chemicals company’s stock, valued at approximately $1,511,000. SG Americas Securities LLC owned approximately 0.13% of KMG Chemicals at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in KMG. Harvest Management LLC bought a new stake in KMG Chemicals during the third quarter valued at about $982,000. Mint Tower Capital Management B.V. bought a new stake in KMG Chemicals during the third quarter valued at about $431,000. Dupont Capital Management Corp bought a new stake in KMG Chemicals during the third quarter valued at about $2,355,000. Brookstone Capital Management bought a new position in shares of KMG Chemicals in the third quarter worth about $294,000. Finally, Cadence Capital Management LLC boosted its stake in shares of KMG Chemicals by 17.9% in the third quarter. Cadence Capital Management LLC now owns 41,704 shares of the specialty chemicals company’s stock worth $3,151,000 after acquiring an additional 6,324 shares during the period. 83.98% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on KMG. Gabelli lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research lowered KMG Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 15th. ValuEngine raised KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Fraser Mackenzie reaffirmed a “buy” rating on shares of KMG Chemicals in a research note on Friday, November 2nd. Finally, Seaport Global Securities lowered KMG Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. KMG Chemicals presently has an average rating of “Hold” and a consensus price target of $76.00.
KMG Chemicals (NYSE:KMG) last released its quarterly earnings data on Thursday, October 18th. The specialty chemicals company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.28. KMG Chemicals had a return on equity of 16.69% and a net margin of 13.93%. Equities research analysts predict that KMG Chemicals, Inc. will post 4.64 earnings per share for the current fiscal year.
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About KMG Chemicals
KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.
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