Nuance Investments LLC trimmed its position in shares of Frank’s International N.V. (NYSE:FI) by 64.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,543,024 shares of the pipeline company’s stock after selling 4,543,810 shares during the quarter. Frank’s International comprises about 1.4% of Nuance Investments LLC’s investment portfolio, making the stock its 25th largest holding. Nuance Investments LLC owned approximately 1.14% of Frank’s International worth $19,632,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Frank’s International by 244.4% during the first quarter. Morgan Stanley now owns 137,236 shares of the pipeline company’s stock valued at $1,451,000 after buying an additional 97,391 shares during the last quarter. FMR LLC increased its holdings in shares of Frank’s International by 4.6% during the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock valued at $56,984,000 after acquiring an additional 301,283 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Frank’s International by 52.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 250,309 shares of the pipeline company’s stock valued at $2,076,000 after acquiring an additional 86,246 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Frank’s International by 43.4% during the second quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock valued at $7,941,000 after acquiring an additional 290,000 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Frank’s International by 10,360.6% during the second quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock valued at $10,446,000 after acquiring an additional 1,248,036 shares in the last quarter. 26.26% of the stock is owned by institutional investors and hedge funds.

Shares of Frank’s International N.V. (NYSE FI) traded down $0.03 during trading hours on Monday, reaching $6.32. 291,400 shares of the company traded hands, compared to its average volume of 1,171,437. Frank’s International N.V. has a one year low of $6.03 and a one year high of $13.57.

Frank’s International (NYSE:FI) last issued its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Frank’s International had a negative net margin of 26.21% and a negative return on equity of 9.25%. The company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. During the same quarter in the prior year, the company earned ($0.14) EPS. Frank’s International’s quarterly revenue was up 2.8% on a year-over-year basis. analysts expect that Frank’s International N.V. will post -0.45 earnings per share for the current year.

In other Frank’s International news, Director D. Keith Mosing sold 218,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $6.36, for a total value of $1,386,480.00. Following the sale, the director now owns 446,300 shares in the company, valued at approximately $2,838,468. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder William Bradford Mosing sold 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $6.67, for a total value of $2,334,500.00. Following the completion of the sale, the insider now owns 10,000 shares in the company, valued at approximately $66,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,291,532 shares of company stock worth $29,832,471. 77.90% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on the stock. Scotiabank set a $13.00 price objective on shares of Frank’s International and gave the company a “hold” rating in a report on Tuesday, August 8th. Capital One Financial Corporation restated an “equal weight” rating on shares of Frank’s International in a report on Monday, August 7th. Royal Bank Of Canada set a $10.00 price objective on shares of Frank’s International and gave the company a “buy” rating in a report on Sunday, October 8th. Piper Jaffray Companies set a $8.00 price objective on shares of Frank’s International and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Frank’s International from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.00.

TRADEMARK VIOLATION WARNING: This article was published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/nuance-investments-llc-has-19-63-million-holdings-in-franks-international-n-v-fi/1729115.html.

Frank’s International Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication 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.

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

Receive News & Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.