Frank’s International (NYSE:FI) Shares Sold by SeaBridge Investment Advisors LLC


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SeaBridge Investment Advisors LLC decreased its holdings in Frank’s International (NYSE:FI) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,389 shares of the pipeline company’s stock after selling 18,010 shares during the period. SeaBridge Investment Advisors LLC owned approximately 0.07% of Frank’s International worth $407,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in Frank’s International by 80.7% in the 4th quarter. ProShare Advisors LLC now owns 34,327 shares of the pipeline company’s stock valued at $94,000 after acquiring an additional 15,330 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Frank’s International by 414.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 41,393 shares of the pipeline company’s stock valued at $64,000 after acquiring an additional 33,343 shares during the last quarter. Bank of America Corp DE raised its holdings in Frank’s International by 59.0% in the 2nd quarter. Bank of America Corp DE now owns 65,840 shares of the pipeline company’s stock valued at $147,000 after acquiring an additional 24,427 shares during the last quarter. GWM Advisors LLC grew its stake in shares of Frank’s International by 83.0% in the 3rd quarter. GWM Advisors LLC now owns 88,857 shares of the pipeline company’s stock valued at $137,000 after buying an additional 40,302 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Frank’s International by 89.5% in the 3rd quarter. AQR Capital Management LLC now owns 100,368 shares of the pipeline company’s stock valued at $155,000 after buying an additional 47,413 shares during the period. Institutional investors own 49.45% of the company’s stock.

Frank’s International stock opened at $3.47 on Tuesday. The firm has a 50 day simple moving average of $3.07 and a 200-day simple moving average of $2.44. Frank’s International has a 1-year low of $1.49 and a 1-year high of $3.92. The stock has a market cap of $785.33 million, a price-to-earnings ratio of -2.48 and a beta of 1.51.

Separately, Zacks Investment Research cut shares of Frank’s International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 17th.

Frank’s International Company Profile

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. It operates through three segments: Tubular Running Services, Tubulars, and Cementing Equipment.

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

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