Goldman Sachs Group Inc. Purchases 157,950 Shares of Frank’s International N.V. (FI)

Goldman Sachs Group Inc. lifted its position in shares of Frank’s International N.V. (NYSE:FI) by 125.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,390 shares of the pipeline company’s stock after buying an additional 157,950 shares during the period. Goldman Sachs Group Inc. owned about 0.13% of Frank’s International N.V. worth $2,349,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlueCrest Capital Management Ltd acquired a new position in shares of Frank’s International N.V. during the first quarter worth about $116,000. Citigroup Inc. boosted its position in Frank’s International N.V. by 726.2% during the second quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock valued at $101,000 after purchasing an additional 10,690 shares during the last quarter. Legal & General Group Plc boosted its position in Frank’s International N.V. by 567.8% during the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 12,163 shares during the last quarter. M&T Bank Corp acquired a new position in Frank’s International N.V. during the second quarter valued at approximately $138,000. Finally, California Public Employees Retirement System boosted its position in Frank’s International N.V. by 7.2% during the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after purchasing an additional 1,300 shares during the last quarter. 30.30% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. Piper Jaffray Companies reissued a “hold” rating on shares of Frank’s International N.V. in a research report on Sunday, October 22nd. Royal Bank Of Canada raised Frank’s International N.V. from an “underperform” rating to an “outperform” rating and increased their price target for the company from $9.00 to $10.00 in a research report on Friday, August 25th. J P Morgan Chase & Co reduced their price target on Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Capital One Financial Corporation reissued an “equal weight” rating on shares of Frank’s International N.V. in a research report on Monday, August 7th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $8.00 price target on shares of Frank’s International N.V. in a research report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.40.

Shares of Frank’s International N.V. (NYSE FI) opened at 6.52 on Tuesday. The stock has a 50 day moving average price of $7.30 and a 200-day moving average price of $7.77. The firm’s market capitalization is $1.45 billion. Frank’s International N.V. has a 52-week low of $6.03 and a 52-week high of $13.57.

Frank’s International N.V. (NYSE:FI) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The company had revenue of $117.70 million for the quarter, compared to the consensus estimate of $113.41 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts forecast that Frank’s International N.V. will post ($0.42) EPS for the current year.

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In other news, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $7.25, for a total value of $10,875,000.00. Following the transaction, the insider now owns 11,724,888 shares in the company, valued at approximately $85,005,438. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total value of $1,537,500.00. Following the completion of the transaction, the insider now owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The disclosure for this sale can be found here. Insiders sold a total of 4,907,355 shares of company stock worth $33,779,088 in the last 90 days. Company insiders own 77.90% of the company’s stock.

Frank’s International N.V. Company 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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