Schwab Charles Investment Management Inc. is pleased to announce that it has been listed by Franks International NV (NYSE: FI) as its most recent filing with the Securities & Exchange Commission. The fund owned 265,543 shares of the pipeline company’s stock after buying an additional 15,234 shares during the quarter. Schwab Charles Investment Management Inc. is approximately 0.12% of Franks International worth $ 2,050,000 at the end of the most recent quarter.
Other large companies have also recently added their stakes in the company. Citigroup Inc. increased its position in the Franks International by 726.2% during the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock worth $ 101,000 after purchasing an additional 10,690 shares in the last quarter. Legal & General Group Plc increased its position in Franks International by 567.8% during the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $ 118,000 after purchasing an additional 12,163 shares in the last quarter. M & T Bank Corp. bought a new stake in Franks International in the 2nd quarter at $ 138,000. Voya Investment Management LLC grew its holdings in Franks International by 88.4% in the 2nd quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock value at $ 180,000 after buying an additional 10,192 shares during the period. Finally, Quantbot Technologies LP has a new stake in Franks International in the 3rd quarter at $ 219,000. 31.48% of the stock is owned by institutional investors and hedge funds.
In other news, Director D. Keith Mosing sold 350,000 shares of the company’s stock on a transaction on Monday, November 6th. The stock was sold at an average price of $ 7.25, for a total transaction of $ 2,537,500.00. 446,300 shares of the company’s stock, valued at $ 3,235,675. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . Also, major shareholder Melanie Christine Mosing sold 300,610 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $ 6.51, for a total value of $ 1,956,971.10. Following the sale, the insider now directly owns 10,591,325 shares of the company’s stock, valued at $ 68,949,525.75. The disclosure for this sale can be found here . In the last three months, insiders sold 4,796,592 shares of company stock valued at $ 29,774,337. Company insiders own 77.90% of the company’s stock.
FI has been the subject of several recent analyst reports. Deutsche Bank Initiated Coverage on Franks International in a report on Tuesday, October 10th. They issued a “hold” rating and a $ 7.00 price target for the company. Credit Suisse Group cut Franks International from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 7th. Piper Jaffray Companies reiterated a “hold” rating on shares of Franks International in a report on Sunday, October 22nd. Zacks Investment Research cut Franks International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Lastly, Jefferies Group reissued a “hold” rating and set a $ 8.00. Six research analysts have rated the value of a stock price, and have issued a hold of the stock price. The stock has a consensus rating of $ 7.61.
Franks International NV ( NYSE: FI ) opened at $ 6.63 on Friday. The company has a market capitalization of $ 1,570.68, a price-to-earnings ratio of -12.51 and a beta of 1.11. Franks International NV has 52 week low of $ 5.79 and a 52 week high of $ 12.82.
Franks International (NYSE: FI) last issued Thursday, November 2nd. The pipeline company reported ($ 0.11) EPS for the quarter, hitting the Zacks’ consensus estimate of ($ 0.11). Franks International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The firm had revenue of $ 108.08 million during the quarter, compared to the consensus estimate of $ 120.42 million. During the same period in the prior year, the business earned ($ 0.14) EPS. The firm’s revenue was up 2.8% on a year-over-year basis. sell-side analysts forecast that Franks International NV will post -0.45 EPS for the current year.
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Franks International Profile
Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular manufacturing 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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