Balyasny Asset Management L.P. Has $872,000 Holdings in Innovex International, Inc. (NYSE:INVX)

Balyasny Asset Management L.P. lessened its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 83.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 62,424 shares of the company’s stock after selling 315,126 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Innovex International were worth $872,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Brandes Investment Partners LP lifted its holdings in Innovex International by 41.3% in the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company’s stock valued at $88,068,000 after buying an additional 1,841,686 shares during the period. Vanguard Group Inc. lifted its holdings in Innovex International by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company’s stock valued at $59,554,000 after buying an additional 221,598 shares during the period. Invesco Ltd. lifted its holdings in Innovex International by 175.8% in the fourth quarter. Invesco Ltd. now owns 332,468 shares of the company’s stock valued at $4,645,000 after buying an additional 211,907 shares during the period. JPMorgan Chase & Co. acquired a new position in Innovex International in the third quarter valued at $2,261,000. Finally, CenterBook Partners LP lifted its holdings in Innovex International by 136.2% in the fourth quarter. CenterBook Partners LP now owns 254,149 shares of the company’s stock valued at $3,550,000 after buying an additional 146,544 shares during the period.

Innovex International Trading Up 0.3%

Shares of NYSE INVX opened at $15.23 on Thursday. The firm’s 50-day moving average is $16.27. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.51. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.80 and a beta of 0.80. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Innovex International (NYSE:INVX) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The company had revenue of $240.42 million for the quarter, compared to analyst estimates of $247.73 million.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their target price on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, May 9th.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.