Numerai GP LLC Sells 152,213 Shares of Innovex International, Inc. (NYSE:INVX)

Numerai GP LLC lessened its stake in shares of Innovex International, Inc. (NYSE:INVX) by 91.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,136 shares of the company’s stock after selling 152,213 shares during the quarter. Numerai GP LLC’s holdings in Innovex International were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of INVX. KLP Kapitalforvaltning AS acquired a new stake in Innovex International during the 4th quarter valued at $88,000. Oregon Public Employees Retirement Fund increased its holdings in Innovex International by 9.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock valued at $124,000 after purchasing an additional 758 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Innovex International during the 4th quarter valued at $142,000. Amalgamated Bank increased its holdings in Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock valued at $152,000 after purchasing an additional 630 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Innovex International during the 4th quarter valued at $152,000.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on Innovex International from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, May 9th.

Innovex International Stock Performance

NYSE INVX opened at $14.98 on Friday. The company has a fifty day moving average price of $16.14. The firm has a market cap of $1.03 billion, a PE ratio of 10.62 and a beta of 0.80. Innovex International, Inc. has a 52 week low of $11.93 and a 52 week high of $19.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17.

Innovex International (NYSE:INVX) last released its earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Innovex International Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.