TimesSquare Capital Management LLC Buys 2,229,100 Shares of Exela Technologies, Inc. (XELA)

TimesSquare Capital Management LLC increased its stake in Exela Technologies, Inc. (NASDAQ:XELA) by 117.3% during the fourth quarter, Holdings Channel reports. The fund owned 4,130,000 shares of the company’s stock after buying an additional 2,229,100 shares during the period. TimesSquare Capital Management LLC’s holdings in Exela Technologies were worth $21,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Monashee Investment Management LLC acquired a new position in shares of Exela Technologies in the 4th quarter worth $143,000. Wells Fargo & Company MN acquired a new position in shares of Exela Technologies in the 4th quarter worth $138,000. Geode Capital Management LLC grew its holdings in shares of Exela Technologies by 658.4% in the 4th quarter. Geode Capital Management LLC now owns 87,567 shares of the company’s stock worth $450,000 after acquiring an additional 76,021 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Exela Technologies in the 4th quarter worth $102,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

Exela Technologies, Inc. (XELA) opened at $5.30 on Friday. The company has a debt-to-equity ratio of 31.25, a quick ratio of 0.91 and a current ratio of 0.95. Exela Technologies, Inc. has a 1-year low of $4.37 and a 1-year high of $10.03.

Separately, Cantor Fitzgerald restated a “buy” rating and issued a $9.00 target price on shares of Exela Technologies in a report on Sunday, December 17th.

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Exela Technologies Company Profile

Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

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Institutional Ownership by Quarter for Exela Technologies (NASDAQ:XELA)

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