Victory Capital Management Inc. trimmed its stake in FTS International Inc (NYSE:FTSI) by 63.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,207 shares of the company’s stock after selling 10,786 shares during the period. Victory Capital Management Inc.’s holdings in FTS International were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in FTSI. Stone Ridge Asset Management LLC raised its stake in shares of FTS International by 10.0% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 43,017 shares of the company’s stock worth $240,000 after acquiring an additional 3,900 shares in the last quarter. Aperio Group LLC bought a new position in shares of FTS International during the 2nd quarter worth approximately $52,000. Capital Fund Management S.A. bought a new position in shares of FTS International during the 2nd quarter worth approximately $64,000. Northern Trust Corp raised its stake in shares of FTS International by 4.1% during the 2nd quarter. Northern Trust Corp now owns 415,583 shares of the company’s stock worth $2,320,000 after acquiring an additional 16,458 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in FTS International during the 2nd quarter valued at approximately $93,000. 63.15% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of FTS International from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. ValuEngine upgraded shares of FTS International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays cut their price target on shares of FTS International from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Cowen lowered shares of FTS International from an “outperform” rating to a “market perform” rating and set a $5.00 price target on the stock. in a research note on Thursday, September 12th. Finally, Bank of America lowered shares of FTS International from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. FTS International currently has an average rating of “Hold” and a consensus price target of $6.51.
FTSI stock opened at $1.76 on Friday. The firm’s fifty day simple moving average is $2.56 and its 200-day simple moving average is $5.85. The company has a market capitalization of $207.16 million, a P/E ratio of 0.75, a price-to-earnings-growth ratio of 4.02 and a beta of 1.69. The company has a debt-to-equity ratio of 8.49, a current ratio of 2.95 and a quick ratio of 2.49. FTS International Inc has a 12 month low of $1.73 and a 12 month high of $13.65.
FTS International (NYSE:FTSI) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $236.09 million. FTS International had a net margin of 2.62% and a return on equity of 130.74%. The firm’s revenue was down 54.2% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. As a group, sell-side analysts forecast that FTS International Inc will post 0.08 earnings per share for the current year.
About FTS International
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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