Today: The Eagle Capital Management LLC Maintains Stake in Frank’s International NV (FI)

The Eagle Capital Management LLC Maintains Stake in Frank’s International NV (FI)

Eagle Capital Management LLC held its position in Frank’s International NV (NYSE:FI) during the second quarter, Holdings Channel reports. The fund owned 10,525 shares of the company’s stock at the end of the second quarter. Eagle Capital Management LLC’s holdings in Frank’s International NV were worth $154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Frank’s International NV by 557.6% in the second quarter. American Century Companies Inc. now owns 5,445,175 shares of the company’s stock valued at $79,554,000 after buying an additional 4,617,086 shares during the period. Spark Investment Management LLC raised its position in shares of Frank’s International NV by 96.9% in the first quarter. Spark Investment Management LLC now owns 121,500 shares of the company’s stock valued at $2,002,000 after buying an additional 59,800 shares during the period. Bank of Montreal Can bought a new position in shares of Frank’s International NV during the second quarter valued at about $844,000. Royce & Associates LP raised its position in shares of Frank’s International NV by 24.6% in the first quarter. Royce & Associates LP now owns 290,039 shares of the company’s stock valued at $4,780,000 after buying an additional 57,339 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Frank’s International NV during the first quarter valued at about $903,000. 26.86% of the stock is currently owned by hedge funds and other institutional investors.

Frank’s International NV (NYSE:FI) traded up 0.16% during trading on Monday, reaching $12.42. 170,736 shares of the company were exchanged. Frank’s International NV has a 1-year low of $10.91 and a 1-year high of $18.14. The stock’s market capitalization is $1.94 billion. The company’s 50-day moving average price is $12.27 and its 200-day moving average price is $14.30.

Frank’s International NV (NYSE:FI) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.13. Frank’s International NV had a positive return on equity of 1.00% and a negative net margin of 1.14%. The business earned $121 million during the quarter, compared to analysts’ expectations of $142.41 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business’s quarterly revenue was down 52.4% on a year-over-year basis. On average, equities analysts forecast that Frank’s International NV will post ($0.41) EPS for the current year.

Several brokerages recently issued reports on FI. Capital One Financial Corp. lowered shares of Frank’s International NV from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 28th. Barclays PLC cut their price target on shares of Frank’s International NV from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, July 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price target (down from $18.00) on shares of Frank’s International NV in a research report on Thursday, June 30th. Evercore ISI lowered shares of Frank’s International NV from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $12.00 in a research report on Wednesday, June 29th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Frank’s International NV in a research report on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.57.

In other Frank’s International NV news, major shareholder Donald E. Mosing acquired 41,000 shares of the company’s stock in a transaction on Friday, August 5th. The stock was acquired at an average cost of $12.15 per share, with a total value of $498,150.00. Following the purchase, the insider now directly owns 91,000 shares of the company’s stock, valued at approximately $1,105,650. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 77.40% of the stock is currently owned by company insiders.

About Frank’s International NV

Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells.

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