A number of other brokerages have also recently weighed in on FI. Zacks Investment Research cut shares of Franks International from a hold rating to a sell rating in a report on Monday, January 8th. Credit Suisse Group cut shares of Franks International from a neutral rating to an underperform rating in a report on Tuesday, November 7th. Jefferies Group set a $7.00 price objective on shares of Franks International and gave the company a hold rating in a report on Thursday, January 4th. ValuEngine cut shares of Franks International from a sell rating to a strong sell rating in a report on Friday, February 2nd. Finally, Piper Jaffray Companies restated a hold rating and issued a $5.50 price objective on shares of Franks International in a report on Friday, November 10th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Franks International presently has a consensus rating of Hold and an average target price of $7.56.
Shares of Franks International (NYSE FI) opened at $6.08 on Wednesday. The stock has a market cap of $1,358.21, a P/E ratio of -8.44 and a beta of 1.31. Franks International has a 52 week low of $4.93 and a 52 week high of $10.66.
In other Franks International news, major shareholder Sharon M. Miller sold 687,085 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $5.80, for a total transaction of $3,985,093.00. Following the completion of the transaction, the insider now owns 1,136,614 shares in the company, valued at approximately $6,592,361.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Michael Frank Mosing sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was 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 of the company’s stock, valued at approximately $4,147,272.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,400,135 shares of company stock valued at $8,230,684 in the last quarter. 77.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC grew its holdings in Franks International by 207.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 9,096,428 shares of the pipeline company’s stock worth $70,224,000 after acquiring an additional 6,137,315 shares in the last quarter. BlackRock Inc. grew its holdings in Franks International by 10.2% during the 4th quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock worth $30,669,000 after acquiring an additional 426,376 shares in the last quarter. Eaton Vance Management acquired a new position in Franks International during the 4th quarter worth approximately $10,012,000. State Street Corp lifted its position in shares of Franks International by 39.2% during the 2nd quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after buying an additional 399,679 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Franks International by 2.8% during the 3rd quarter. Citadel Advisors LLC now owns 1,295,782 shares of the pipeline company’s stock worth $10,003,000 after buying an additional 35,700 shares during the last quarter. Institutional investors own 33.24% of the company’s stock.
Franks International 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.
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