Kelly Services, Inc. (KELYA) Holdings Trimmed by Citigroup Inc.
Citigroup Inc. decreased its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 21.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,900 shares of the business services provider’s stock after selling 8,384 shares during the period. Citigroup Inc. owned about 0.08% of Kelly Services worth $694,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Kelly Services in the second quarter worth $117,000. State of Alaska Department of Revenue increased its stake in shares of Kelly Services by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock valued at $128,000 after buying an additional 2,501 shares during the period. Mason Street Advisors LLC increased its stake in shares of Kelly Services by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,837 shares of the business services provider’s stock valued at $149,000 after buying an additional 449 shares during the period. Victory Capital Management Inc. increased its stake in shares of Kelly Services by 34.6% during the first quarter. Victory Capital Management Inc. now owns 7,213 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,856 shares during the period. Finally, Menta Capital LLC purchased a new position in shares of Kelly Services during the first quarter valued at $241,000. Institutional investors and hedge funds own 65.75% of the company’s stock.
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Several equities analysts have recently commented on the company. ValuEngine upgraded Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research lowered Kelly Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, BidaskClub lowered Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.
Kelly Services, Inc. (KELYA) opened at 25.96 on Wednesday. The stock has a market cap of $994.48 million, a price-to-earnings ratio of 7.78 and a beta of 1.01. The stock’s 50 day moving average price is $23.24 and its 200 day moving average price is $22.54. Kelly Services, Inc. has a 52 week low of $18.06 and a 52 week high of $26.31.
Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.24. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Kelly Services had a return on equity of 6.88% and a net margin of 2.58%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. On average, analysts forecast that Kelly Services, Inc. will post $1.73 earnings per share for the current year.
Kelly Services Company Profile
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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