Acadian Asset Management LLC boosted its stake in shares of FTS International Inc (NYSE:FTSI) by 1,904.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,515 shares of the company’s stock after buying an additional 7,140 shares during the quarter. Acadian Asset Management LLC’s holdings in FTS International were worth $54,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in FTS International by 42.5% during the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock worth $58,000 after purchasing an additional 1,468 shares during the period. One Wealth Advisors LLC bought a new position in FTS International during the third quarter worth about $158,000. Bank of Montreal Can boosted its position in FTS International by 243.1% during the third quarter. Bank of Montreal Can now owns 14,272 shares of the company’s stock worth $169,000 after purchasing an additional 10,112 shares during the period. American International Group Inc. boosted its position in FTS International by 46.4% during the third quarter. American International Group Inc. now owns 21,588 shares of the company’s stock worth $255,000 after purchasing an additional 6,842 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in FTS International during the third quarter worth about $292,000. Institutional investors own 68.35% of the company’s stock.
FTSI stock opened at $9.34 on Friday. The company has a debt-to-equity ratio of 4.71, a current ratio of 3.09 and a quick ratio of 2.59. FTS International Inc has a 12 month low of $5.96 and a 12 month high of $22.60. The company has a market capitalization of $1.01 billion and a PE ratio of 3.96.
FTS International (NYSE:FTSI) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. FTS International had a net margin of 16.74% and a return on equity of 933.45%. The company had revenue of $248.10 million during the quarter, compared to analyst estimates of $246.15 million. During the same period last year, the business earned $0.60 earnings per share. FTS International’s revenue was down 45.9% compared to the same quarter last year. Equities research analysts predict that FTS International Inc will post 0.74 EPS for the current year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of FTS International from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 10th. Bank of America reiterated a “buy” rating and set a $12.00 target price (down previously from $17.00) on shares of FTS International in a research report on Monday, December 3rd. Barclays lowered shares of FTS International from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $14.00 to $9.00 in a research report on Tuesday, January 15th. Wells Fargo & Co upgraded shares of FTS International from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Tuesday, December 11th. Finally, Credit Suisse Group lowered shares of FTS International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $8.00 in a research report on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.00.
FTS International Profile
FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.
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