Teacher Retirement System of Texas Buys Shares of 18,975 Franks International NV (FI)

Teacher Retirement System of Texas bought a new position in Franks International NV (NYSE:FI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,975 shares of the pipeline company’s stock, valued at approximately $126,000.

Other hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Franks International by 7.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 284,144 shares of the pipeline company’s stock valued at $1,890,000 after acquiring an additional 18,601 shares during the last quarter. Comerica Bank increased its holdings in shares of Franks International by 11.0% during the 4th quarter. Comerica Bank now owns 246,494 shares of the pipeline company’s stock valued at $1,854,000 after acquiring an additional 24,368 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Franks International during the 3rd quarter valued at about $1,293,000. California State Teachers Retirement System increased its holdings in shares of Franks International by 22.2% during the 2nd quarter. California State Teachers Retirement System now owns 88,333 shares of the pipeline company’s stock valued at $732,000 after acquiring an additional 16,051 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Franks International by 17,195.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,818 shares of the pipeline company’s stock valued at $338,000 after acquiring an additional 40,582 shares during the last quarter. 33.20% of the stock is currently owned by institutional investors.

Shares of NYSE:FI opened at $5.43 on Friday. Franks International NV has a twelve month low of $4.93 and a twelve month high of $10.66.

Franks International (NYSE:FI) last announced its earnings results on Tuesday, February 27th. The pipeline company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.15). Franks International had a negative net margin of 35.06% and a negative return on equity of 11.22%. The business had revenue of $118.32 million for the quarter, compared to the consensus estimate of $115.92 million. During the same quarter in the previous year, the company earned ($0.18) EPS. Franks International’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities research analysts anticipate that Franks International NV will post -0.4 earnings per share for the current fiscal year.

In other Franks International news, major shareholder Michael Frank Mosing sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $5.16, for a total value of $1,032,000.00. Following the completion of the sale, the insider now owns 803,735 shares in the company, valued at approximately $4,147,272.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 77.90% of the stock is currently owned by company insiders.

FI has been the topic of a number of analyst reports. Zacks Investment Research lowered Franks International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Seaport Global Securities upgraded Franks International from a “sell” rating to a “hold” rating in a research note on Monday, March 5th. Royal Bank of Canada set a $7.00 target price on Franks International and gave the company a “buy” rating in a research note on Thursday, December 21st. Jefferies Group set a $7.00 target price on Franks International and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray set a $5.00 target price on Franks International and gave the company a “hold” rating in a research note on Tuesday, March 6th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Franks International presently has a consensus rating of “Hold” and a consensus target price of $7.56.

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Franks International 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.

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Institutional Ownership by Quarter for Franks International (NYSE:FI)

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