Los Angeles Capital Management LLC Trims Stock Position in National Energy Services Reunited Corp. (NASDAQ:NESR)

Los Angeles Capital Management LLC lowered its holdings in shares of National Energy Services Reunited Corp. (NASDAQ:NESR) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,881 shares of the company’s stock after selling 10,199 shares during the quarter. Los Angeles Capital Management LLC’s holdings in National Energy Services Reunited were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AMG National Trust Bank increased its holdings in National Energy Services Reunited by 1.0% in the 3rd quarter. AMG National Trust Bank now owns 94,675 shares of the company’s stock worth $1,185,000 after acquiring an additional 920 shares in the last quarter. State Street Corp increased its holdings in National Energy Services Reunited by 0.9% in the 2nd quarter. State Street Corp now owns 341,656 shares of the company’s stock worth $4,869,000 after acquiring an additional 2,928 shares in the last quarter. US Bancorp DE increased its holdings in National Energy Services Reunited by 123.9% in the 2nd quarter. US Bancorp DE now owns 6,428 shares of the company’s stock worth $91,000 after acquiring an additional 3,557 shares in the last quarter. Spectrum Management Group LLC purchased a new stake in National Energy Services Reunited in the 3rd quarter worth approximately $52,000. Finally, Cubist Systematic Strategies LLC increased its holdings in National Energy Services Reunited by 37.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,747 shares of the company’s stock worth $310,000 after acquiring an additional 5,888 shares in the last quarter. 41.88% of the stock is owned by institutional investors.

NESR stock opened at $9.93 on Friday. National Energy Services Reunited Corp. has a 1-year low of $8.56 and a 1-year high of $15.95. The company has a market capitalization of $902.17 million, a price-to-earnings ratio of 15.42 and a beta of 0.77. The business has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $11.66.

National Energy Services Reunited (NASDAQ:NESR) last posted its earnings results on Tuesday, November 2nd. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $217.99 million during the quarter, compared to the consensus estimate of $225.94 million. National Energy Services Reunited had a return on equity of 5.19% and a net margin of 4.30%. During the same period in the prior year, the company earned $0.16 EPS. On average, equities analysts predict that National Energy Services Reunited Corp. will post 0.47 EPS for the current fiscal year.

Several equities research analysts recently issued reports on NESR shares. Zacks Investment Research lowered shares of National Energy Services Reunited from a “hold” rating to a “sell” rating in a report on Tuesday, October 12th. TheStreet downgraded National Energy Services Reunited from a “b-” rating to a “c” rating in a research note on Wednesday, November 24th.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. is a holding company, which engages in the provision of oilfield services. It operates through the following segments: Production Services and Drilling & Evaluation Services. The Production Services segment includes coiled tubing, cementing, stimulation and pumping, nitrogen services, filtration services, completions, pipelines, laboratory services, and artificial lift services.

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Institutional Ownership by Quarter for National Energy Services Reunited (NASDAQ:NESR)

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