Lighthouse Investment Partners LLC Invests $2.72 Million in Innovex International, Inc. (NYSE:INVX)

Lighthouse Investment Partners LLC bought a new stake in Innovex International, Inc. (NYSE:INVX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 195,000 shares of the company's stock, valued at approximately $2,724,000. Lighthouse Investment Partners LLC owned 0.29% of Innovex International at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in INVX. Brandes Investment Partners LP boosted its position in shares of Innovex International by 41.3% in the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock worth $88,068,000 after buying an additional 1,841,686 shares during the period. Vanguard Group Inc. boosted its position in shares of Innovex International by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company's stock worth $59,554,000 after buying an additional 221,598 shares during the period. Invesco Ltd. boosted its position in shares of Innovex International by 175.8% in the fourth quarter. Invesco Ltd. now owns 332,468 shares of the company's stock worth $4,645,000 after buying an additional 211,907 shares during the period. GeoSphere Capital Management LLC acquired a new stake in shares of Innovex International in the fourth quarter worth $2,794,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Innovex International in the third quarter worth $2,261,000.

Innovex International Trading Up 0.2%

NYSE INVX traded up $0.03 during trading on Friday, hitting $14.98. 317,639 shares of the company traded hands, compared to its average volume of 407,450. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.51. The business's fifty day simple moving average is $16.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The company has a market cap of $1.03 billion, a P/E ratio of 10.62 and a beta of 0.80.

Innovex International (NYSE:INVX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $240.42 million for the quarter, compared to the consensus estimate of $247.73 million. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Analysts Set New Price Targets

Separately, Barclays reduced their price objective on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, May 9th.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.