Trexquant Investment LP Takes $219,000 Position in Frank’s International (FI)

Trexquant Investment LP purchased a new position in Frank’s International (NYSE:FI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,420 shares of the pipeline company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Frank’s International by 10.2% in the fourth quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock worth $30,669,000 after buying an additional 426,376 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of Frank’s International in the fourth quarter worth about $10,012,000. Wells Fargo & Company MN lifted its holdings in shares of Frank’s International by 392.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,042,034 shares of the pipeline company’s stock worth $6,930,000 after buying an additional 830,592 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Frank’s International by 271.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 621,247 shares of the pipeline company’s stock worth $4,132,000 after buying an additional 453,802 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Frank’s International by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 481,376 shares of the pipeline company’s stock worth $3,201,000 after buying an additional 62,084 shares in the last quarter. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Frank’s International opened at $7.20 on Monday, MarketBeat reports. The company has a market capitalization of $1.61 billion, a P/E ratio of -11.80 and a beta of 1.17. Frank’s International has a 1-year low of $4.93 and a 1-year high of $9.15.

Frank’s International (NYSE:FI) last issued its quarterly earnings results on Tuesday, May 8th. The pipeline company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Frank’s International had a negative net margin of 38.04% and a negative return on equity of 13.01%. The business had revenue of $115.60 million for the quarter, compared to the consensus estimate of $117.01 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. analysts anticipate that Frank’s International will post -0.46 EPS for the current year.

In other Frank’s International news, major shareholder Melanie Christine Mosing sold 31,248 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $7.72, for a total transaction of $241,234.56. Following the transaction, the insider now directly owns 10,060,077 shares in the company, valued at $77,663,794.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Michael Frank Mosing sold 200,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $5.16, for a total transaction of $1,032,000.00. Following the transaction, the insider now owns 803,735 shares in the company, valued at $4,147,272.60. The disclosure for this sale can be found here. Insiders have sold 670,287 shares of company stock worth $4,622,219 over the last quarter. Company insiders own 67.60% of the company’s stock.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies set a $5.00 price objective on shares of Frank’s International and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research upgraded shares of Frank’s International from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Wolfe Research upgraded shares of Frank’s International from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 7th. ValuEngine upgraded shares of Frank’s International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Tudor Pickering upgraded shares of Frank’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Frank’s International presently has a consensus rating of “Hold” and an average target price of $7.56.

About Frank’s International

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.

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Institutional Ownership by Quarter for Frank`s International (NYSE:FI)

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