39,148 Shares in FTS International Inc (NYSE:FTSI) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in FTS International Inc (NYSE:FTSI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,148 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently modified their holdings of the stock. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in FTS International by 1.0% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 167,409 shares of the company’s stock worth $1,674,000 after acquiring an additional 1,651 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in FTS International by 262.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock worth $75,000 after acquiring an additional 5,403 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in FTS International in the fourth quarter worth approximately $38,000. Metropolitan Life Insurance Co. NY lifted its stake in FTS International by 365.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,884 shares of the company’s stock worth $77,000 after acquiring an additional 8,544 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in FTS International in the first quarter worth approximately $101,000. Institutional investors own 66.42% of the company’s stock.

FTSI has been the topic of a number of research analyst reports. Citigroup cut shares of FTS International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.00 to $6.00 in a report on Tuesday, July 2nd. Zacks Investment Research cut shares of FTS International from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. Wells Fargo & Co reissued a “hold” rating on shares of FTS International in a report on Thursday, June 27th. Piper Jaffray Companies cut shares of FTS International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $9.25 to $6.00 in a report on Tuesday, June 25th. Finally, Bank of America cut shares of FTS International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $6.25 in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.19.

FTSI stock traded down $0.02 during midday trading on Friday, reaching $3.20. 1,029,900 shares of the company were exchanged, compared to its average volume of 595,929. The company has a current ratio of 2.95, a quick ratio of 2.00 and a debt-to-equity ratio of 8.49. FTS International Inc has a 1-year low of $3.00 and a 1-year high of $13.65. The company’s 50-day moving average price is $5.22. The company has a market capitalization of $351.08 million, a P/E ratio of 1.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55.

FTS International (NYSE:FTSI) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). FTS International had a return on equity of 130.74% and a net margin of 2.62%. The company had revenue of $225.80 million for the quarter, compared to analyst estimates of $236.09 million. During the same period in the previous year, the business posted $0.95 EPS. The firm’s revenue for the quarter was down 54.2% compared to the same quarter last year. As a group, sell-side analysts predict that FTS International Inc will post 0.3 EPS for the current year.

About FTS International

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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