Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lessened its position in National Energy Services (NASDAQ:NESR) by 91.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 44,200 shares of the company’s stock after selling 455,800 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in National Energy Services were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highland Capital Management LP lifted its position in National Energy Services by 388.2% during the first quarter. Highland Capital Management LP now owns 50,304 shares of the company’s stock worth $500,000 after buying an additional 40,000 shares in the last quarter. Castle Creek Arbitrage LLC purchased a new position in National Energy Services during the first quarter worth approximately $1,827,000. Crystal Rock Capital Management lifted its position in National Energy Services by 4.1% during the first quarter. Crystal Rock Capital Management now owns 230,000 shares of the company’s stock worth $2,284,000 after buying an additional 9,000 shares in the last quarter. Finally, FMR LLC purchased a new position in National Energy Services during the second quarter worth approximately $9,887,000. Institutional investors and hedge funds own 5.43% of the company’s stock.

Separately, National Bank Financial reiterated an “outperform” rating and set a $15.00 price objective on shares of National Energy Services in a research report on Tuesday, July 31st.

Shares of National Energy Services stock opened at $12.16 on Monday. National Energy Services has a one year low of $9.51 and a one year high of $14.38. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

National Energy Services Company Profile

National Energy Services Reunited Corp. intends to engage in merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded in 2017 and is headquartered in Houston, Texas.

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Institutional Ownership by Quarter for National Energy Services (NASDAQ:NESR)

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