Barrow Hanley Mewhinney & Strauss LLC Sells 126,823 Shares of Franks International NV (NYSE:FI)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in Franks International NV (NYSE:FI) by 22.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 429,878 shares of the pipeline company’s stock after selling 126,823 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.19% of Franks International worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Franks International by 138.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the pipeline company’s stock valued at $34,000 after buying an additional 3,755 shares during the period. PNC Financial Services Group Inc. grew its holdings in Franks International by 41.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the pipeline company’s stock valued at $34,000 after buying an additional 1,950 shares during the period. CWM Advisors LLC grew its holdings in Franks International by 26.5% in the 4th quarter. CWM Advisors LLC now owns 16,632 shares of the pipeline company’s stock valued at $87,000 after buying an additional 3,484 shares during the period. Cipher Capital LP purchased a new stake in Franks International in the 4th quarter valued at about $94,000. Finally, Virtu Financial LLC purchased a new stake in Franks International in the 3rd quarter valued at about $170,000. 41.18% of the stock is owned by hedge funds and other institutional investors.

In other Franks International news, insider Darren C. Miles sold 16,091 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $6.27, for a total value of $100,890.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 18.20% of the stock is owned by corporate insiders.

Several analysts have commented on FI shares. Zacks Investment Research cut Franks International from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. JPMorgan Chase & Co. assumed coverage on Franks International in a report on Thursday, January 17th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $8.29.

Shares of NYSE:FI traded down $0.09 during trading on Friday, reaching $6.29. 721,317 shares of the stock were exchanged, compared to its average volume of 758,799. Franks International NV has a 12-month low of $4.80 and a 12-month high of $9.75. The stock has a market capitalization of $1.41 billion, a P/E ratio of -14.98 and a beta of 1.62.

Franks International (NYSE:FI) last issued its earnings results on Monday, February 25th. The pipeline company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.06). Franks International had a negative return on equity of 8.77% and a negative net margin of 17.36%. The business had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $138.67 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. Research analysts expect that Franks International NV will post -0.23 EPS for the current year.

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Franks International Company Profile

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.

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

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