SG Americas Securities LLC Buys New Holdings in KMG Chemicals, Inc. (KMG)

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.



NYSE KMG opened at $76.14 on Thursday. The stock has a market capitalization of $1.18 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.58 and a beta of 0.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.62 and a quick ratio of 1.71. KMG Chemicals, Inc. has a twelve month low of $50.67 and a twelve month high of $79.35.

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.

TRADEMARK VIOLATION WARNING: “SG Americas Securities LLC Buys New Holdings in KMG Chemicals, Inc. (KMG)” was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://dakotafinancialnews.com/2018/12/06/sg-americas-securities-llc-buys-new-holdings-in-kmg-chemicals-inc-kmg.html.

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.

Featured Story: How to Invest in Growth Stocks

Institutional Ownership by Quarter for KMG Chemicals (NYSE:KMG)

Receive News & Ratings for KMG Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply