Los Angeles Capital Management & Equity Research Inc. Acquires 5,270 Shares of FTS International Inc (FTSI)

Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of FTS International Inc (NYSE:FTSI) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 50,710 shares of the company’s stock after buying an additional 5,270 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in FTS International were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can grew its position in FTS International by 243.1% during the third quarter. Bank of Montreal Can now owns 14,272 shares of the company’s stock valued at $169,000 after buying an additional 10,112 shares during the period. Paloma Partners Management Co bought a new stake in FTS International during the second quarter valued at approximately $199,000. Meeder Asset Management Inc. bought a new stake in FTS International during the second quarter valued at approximately $479,000. Alps Advisors Inc. bought a new stake in FTS International during the third quarter valued at approximately $508,000. Finally, Swiss National Bank bought a new stake in FTS International during the second quarter valued at approximately $541,000. Institutional investors own 66.54% of the company’s stock.

Shares of NYSE:FTSI opened at $10.06 on Monday. The company has a current ratio of 2.72, a quick ratio of 2.33 and a debt-to-equity ratio of 7.50. FTS International Inc has a 1-year low of $9.38 and a 1-year high of $22.60. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 1.27.

FTS International (NYSE:FTSI) last issued its quarterly earnings results on Monday, October 29th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.16). FTS International had a net margin of 14.98% and a negative return on equity of 139.46%. The firm had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $388.24 million. The firm’s quarterly revenue was down 25.5% compared to the same quarter last year. On average, equities research analysts predict that FTS International Inc will post 2.57 EPS for the current fiscal year.

Several analysts recently issued reports on FTSI shares. Capital One Financial upgraded shares of FTS International from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 15th. Piper Jaffray Companies set a $19.00 price target on shares of FTS International and gave the company a “buy” rating in a report on Monday, August 6th. Stifel Nicolaus lifted their price target on shares of FTS International from $12.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, October 10th. Wells Fargo & Co downgraded shares of FTS International to a “hold” rating in a report on Thursday, September 6th. Finally, Morgan Stanley lowered their price target on shares of FTS International from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. FTS International currently has an average rating of “Buy” and a consensus price target of $20.30.

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FTS International Profile

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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Institutional Ownership by Quarter for FTS International (NYSE:FTSI)

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