Exchange Traded Concepts LLC Has $1.77 Million Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Exchange Traded Concepts LLC lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,452 shares of the company’s stock after buying an additional 11,572 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Kodiak Gas Services were worth $1,774,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the period. HWG Holdings LP bought a new position in shares of Kodiak Gas Services during the second quarter valued at about $40,000. Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services during the fourth quarter valued at about $122,000. SG Americas Securities LLC bought a new position in shares of Kodiak Gas Services during the third quarter valued at about $125,000. Finally, Hsbc Holdings PLC bought a new position in shares of Kodiak Gas Services during the second quarter valued at about $208,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Royal Bank of Canada lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Mizuho assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective on the stock. Citigroup lifted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Raymond James lifted their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.36.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Kodiak Gas Services Price Performance

KGS opened at $49.62 on Monday. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 171.10 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $42.09 and a 200-day moving average price of $33.83. Kodiak Gas Services, Inc. has a twelve month low of $22.58 and a twelve month high of $49.72.

About Kodiak Gas Services

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.