CoreCommodity Management LLC Purchases Shares of 12,132 FTS International Inc (FTSI)

CoreCommodity Management LLC purchased a new stake in shares of FTS International Inc (NYSE:FTSI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,132 shares of the company’s stock, valued at approximately $86,000.

A number of other large investors have also made changes to their positions in the stock. Legal & General Group Plc grew its holdings in shares of FTS International by 42.5% during the 3rd quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock worth $58,000 after acquiring an additional 1,468 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of FTS International by 11.6% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 50,710 shares of the company’s stock worth $598,000 after acquiring an additional 5,270 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of FTS International during the 4th quarter worth approximately $38,000. American International Group Inc. grew its holdings in shares of FTS International by 46.4% during the 3rd quarter. American International Group Inc. now owns 21,588 shares of the company’s stock worth $255,000 after acquiring an additional 6,842 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of FTS International by 30.9% during the 3rd quarter. Rhumbline Advisers now owns 29,718 shares of the company’s stock worth $350,000 after acquiring an additional 7,008 shares during the period. Institutional investors own 68.35% of the company’s stock.

FTS International stock opened at $9.45 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.59 and a debt-to-equity ratio of 4.71. The company has a market capitalization of $1.01 billion and a P/E ratio of 4.00. FTS International Inc has a twelve month low of $5.96 and a twelve month high of $22.60.

FTS International (NYSE:FTSI) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $248.10 million for the quarter, compared to the consensus estimate of $246.15 million. FTS International had a return on equity of 933.45% and a net margin of 16.74%. The firm’s quarterly revenue was down 45.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. On average, analysts expect that FTS International Inc will post 0.74 EPS for the current fiscal year.

A number of research analysts have weighed in on FTSI shares. Wells Fargo & Co reiterated a “buy” rating on shares of FTS International in a report on Sunday, January 6th. Zacks Investment Research upgraded FTS International from a “strong sell” rating to a “hold” rating in a report on Thursday, January 10th. Barclays downgraded FTS International from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $14.00 to $9.00 in a report on Tuesday, January 15th. Bank of America reiterated a “buy” rating and set a $12.00 target price (down previously from $17.00) on shares of FTS International in a report on Monday, December 3rd. Finally, Credit Suisse Group downgraded FTS International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $8.00 in a report on Wednesday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.00.

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FTS International Profile

FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.

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Institutional Ownership by Quarter for FTS International (NYSE:FTSI)

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