UBS Group AG Has $1.13 Million Position in Frank’s International N.V. (FI)

UBS Group AG boosted its position in shares of Frank’s International N.V. (NYSE:FI) by 2,045.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 107,167 shares of the pipeline company’s stock after buying an additional 102,171 shares during the period. UBS Group AG’s holdings in Frank’s International N.V. were worth $1,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Frank’s International N.V. by 7.1% in the first quarter. FMR LLC now owns 6,572,547 shares of the pipeline company’s stock worth $69,471,000 after buying an additional 437,765 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Frank’s International N.V. by 117.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company’s stock worth $48,727,000 after buying an additional 2,490,837 shares during the last quarter. Wells Fargo & Company MN boosted its position in Frank’s International N.V. by 206.7% in the first quarter. Wells Fargo & Company MN now owns 4,311,491 shares of the pipeline company’s stock worth $45,573,000 after buying an additional 2,905,522 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Frank’s International N.V. by 24.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company’s stock worth $31,390,000 after buying an additional 576,950 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Frank’s International N.V. during the first quarter worth approximately $23,095,000. Institutional investors and hedge funds own 30.24% of the company’s stock.

Frank’s International N.V. (NYSE:FI) opened at 8.51 on Tuesday. The company has a 50 day moving average of $8.03 and a 200 day moving average of $10.43. The stock’s market capitalization is $1.90 billion. Frank’s International N.V. has a 12 month low of $7.02 and a 12 month high of $15.14.

Frank’s International N.V. (NYSE:FI) last posted its earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The firm had revenue of $110.73 million during the quarter, compared to analysts’ expectations of $107.79 million. Frank’s International N.V. had a negative return on equity of 8.41% and a negative net margin of 36.25%. The business’s revenue was down 27.9% on a year-over-year basis. On average, equities analysts predict that Frank’s International N.V. will post ($0.40) EPS for the current year.

Frank’s International N.V. announced that its board has authorized a stock repurchase program on Thursday, May 25th that allows the company to buyback 1,000% of shares. This buyback authorization allows the pipeline company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

WARNING: This article was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://sportsperspectives.com/2017/07/18/ubs-group-ag-has-1-13-million-position-in-franks-international-n-v-fi.html.

FI has been the subject of a number of research reports. Scotiabank reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Frank’s International N.V. in a research note on Friday, March 31st. Jefferies Group LLC reaffirmed a “sell” rating and issued a $10.00 price objective on shares of Frank’s International N.V. in a research note on Wednesday, March 22nd. Tudor Pickering initiated coverage on shares of Frank’s International N.V. in a research note on Thursday, March 23rd. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Finally, Morgan Stanley lowered their price objective on shares of Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Seven analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Frank’s International N.V. currently has a consensus rating of “Hold” and an average price target of $10.25.

In related news, Director D. Keith Mosing sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $8.45, for a total transaction of $253,500.00. Following the completion of the sale, the director now owns 1,296,300 shares in the company, valued at $10,953,735. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Wbm Partnership, Lp sold 14,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now owns 9,903,867 shares of the company’s stock, valued at approximately $83,192,482.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 494,800 shares of company stock valued at $4,171,320. 77.90% of the stock is owned by company insiders.

Frank’s International N.V. Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

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

Receive News & Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply