Voya Investment Management LLC raised its holdings in Frank’s International N.V. (NYSE:FI) by 88.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,717 shares of the pipeline company’s stock after buying an additional 10,192 shares during the period. Voya Investment Management LLC’s holdings in Frank’s International N.V. were worth $180,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FI. Citigroup Inc. boosted its position in Frank’s International N.V. by 726.2% in the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock valued at $101,000 after buying an additional 10,690 shares during the period. Legal & General Group Plc boosted its position in Frank’s International N.V. by 567.8% in the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares during the period. M&T Bank Corp purchased a new position in Frank’s International N.V. in the 2nd quarter valued at approximately $138,000. Kelman Lazarov Inc. boosted its position in Frank’s International N.V. by 115.6% in the 2nd quarter. Kelman Lazarov Inc. now owns 24,250 shares of the pipeline company’s stock valued at $201,000 after buying an additional 13,000 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Frank’s International N.V. by 7.2% during the 1st quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock worth $204,000 after purchasing an additional 1,300 shares during the last quarter. 26.26% of the stock is owned by institutional investors.

In other Frank’s International N.V. news, major shareholder Wbm Partnership, Lp sold 600,000 shares of Frank’s International N.V. stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $6.69, for a total value of $4,014,000.00. Following the transaction, the insider now directly owns 9,053,867 shares in the company, valued at $60,570,370.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alejandro Cestero sold 7,355 shares of Frank’s International N.V. stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $6.81, for a total transaction of $50,087.55. Following the completion of the transaction, the senior vice president now owns 2,442 shares in the company, valued at $16,630.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,541,532 shares of company stock valued at $31,424,971. 77.90% of the stock is owned by corporate insiders.

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Several equities research analysts have recently issued reports on FI shares. Piper Jaffray Companies set a $8.00 price objective on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Monday, August 7th. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research report on Monday, August 7th. Scotiabank set a $13.00 price objective on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.50 price objective (down from $10.50) on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Finally, Barclays PLC decreased their price objective on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.00.

Shares of Frank’s International N.V. (NYSE FI) opened at $6.29 on Wednesday. Frank’s International N.V. has a 1 year low of $6.03 and a 1 year high of $13.57.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, meeting 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 firm had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $120.42 million. During the same period in the previous year, the company earned ($0.14) earnings per share. Frank’s International N.V.’s quarterly revenue was up 2.8% compared to the same quarter last year. research analysts expect that Frank’s International N.V. will post -0.45 earnings per share for the current fiscal year.

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.

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

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