Picton Mahoney Asset Management reduced its stake in National Energy Services (NASDAQ:NESR) by 6.8% during the 3rd quarter, Holdings Channel reports. The firm owned 799,100 shares of the company’s stock after selling 58,683 shares during the period. Picton Mahoney Asset Management’s holdings in National Energy Services were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, FMR LLC acquired a new position in shares of National Energy Services in the second quarter valued at $9,887,000. Institutional investors and hedge funds own 5.43% of the company’s stock.
NESR stock opened at $10.30 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. National Energy Services has a 52 week low of $9.51 and a 52 week high of $14.38.
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About National Energy Services
National Energy Services Reunited Corp. intends to engage in merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded in 2017 and is headquartered in Houston, Texas.
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