State Street Corp boosted its holdings in shares of Frank’s International N.V. (NYSE:FI) by 39.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,420,473 shares of the pipeline company’s stock after purchasing an additional 399,679 shares during the period. State Street Corp owned approximately 0.64% of Frank’s International N.V. worth $11,779,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Teachers Advisors LLC lifted its position in shares of Frank’s International N.V. by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 104,424 shares of the pipeline company’s stock valued at $1,104,000 after acquiring an additional 5,304 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Frank’s International N.V. by 7.2% in the 1st quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after acquiring an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Frank’s International N.V. by 61.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 772,676 shares of the pipeline company’s stock valued at $8,166,000 after acquiring an additional 293,146 shares in the last quarter. Morgan Stanley lifted its position in shares of Frank’s International N.V. by 244.4% in the 1st quarter. Morgan Stanley now owns 137,236 shares of the pipeline company’s stock valued at $1,451,000 after acquiring an additional 97,391 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Frank’s International N.V. by 77.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 164,063 shares of the pipeline company’s stock valued at $1,735,000 after acquiring an additional 71,834 shares in the last quarter. 26.26% of the stock is owned by institutional investors and hedge funds.

In other Frank’s International N.V. news, major shareholder Keith Mosing Family Par Donald sold 500,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $6.37, for a total value of $3,185,000.00. Following the completion of the sale, the insider now owns 6,652,920 shares in the company, valued at approximately $42,379,100.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder William Bradford Mosing sold 271,177 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $6.46, for a total transaction of $1,751,803.42. Following the completion of the sale, the insider now owns 1,588,640 shares of the company’s stock, valued at approximately $10,262,614.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,541,532 shares of company stock valued at $31,424,971. Insiders own 77.90% of the company’s stock.

Shares of Frank’s International N.V. (FI) opened at $6.32 on Friday. Frank’s International N.V. has a 12-month low of $6.03 and a 12-month high of $13.57.

Frank’s International N.V. (NYSE:FI) last released its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Frank’s International N.V. 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 during the quarter, compared to the consensus estimate of $120.42 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company’s revenue was up 2.8% compared to the same quarter last year. equities analysts anticipate that Frank’s International N.V. will post -0.45 earnings per share for the current fiscal year.

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

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Frank’s International N.V. 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.

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

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