Flotek Industries, Inc. (FTK) Stake Maintained by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado held its position in shares of Flotek Industries, Inc. (NYSE:FTK) during the first quarter, Holdings Channel reports. The fund owned 18,486 shares of the oil and gas company’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in Flotek Industries were worth $236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Mercantile Trust Co. purchased a new position in shares of Flotek Industries during the first quarter valued at $112,000. Tudor Investment Corp Et Al boosted its position in shares of Flotek Industries by 31.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,800 shares of the oil and gas company’s stock valued at $233,000 after buying an additional 6,000 shares during the last quarter. Hartford Investment Management Co. boosted its position in shares of Flotek Industries by 7.6% in the first quarter. Hartford Investment Management Co. now owns 18,500 shares of the oil and gas company’s stock valued at $237,000 after buying an additional 1,300 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Flotek Industries by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,560 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 3,520 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Flotek Industries by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 22,100 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 400 shares during the last quarter.

Institutional Ownership by Quarter for Flotek Industries (NYSE:FTK)

Flotek Industries, Inc. (FTK) opened at 8.97 on Friday. Flotek Industries, Inc. has a 52-week low of $8.54 and a 52-week high of $16.93. The firm has a 50-day moving average of $10.18 and a 200-day moving average of $11.12. The firm’s market cap is $513.57 million.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Flotek Industries had a negative return on equity of 3.38% and a negative net margin of 10.43%. The firm had revenue of $80 million for the quarter, compared to analyst estimates of $78.85 million. During the same period last year, the company earned ($0.08) EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts anticipate that Flotek Industries, Inc. will post $0.30 EPS for the current year.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Flotek Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine cut shares of Flotek Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

About Flotek Industries

Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

Want to see what other hedge funds are holding FTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flotek Industries, Inc. (NYSE:FTK).

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