Balyasny Asset Management L.P. Decreases Holdings in Innovex International, Inc. (NYSE:INVX)

Balyasny Asset Management L.P. decreased its position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 83.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,424 shares of the company's stock after selling 315,126 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.09% of Innovex International worth $872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Innovex International during the 4th quarter worth about $88,000. Oregon Public Employees Retirement Fund lifted its holdings in Innovex International by 9.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock worth $124,000 after purchasing an additional 758 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Innovex International during the 4th quarter worth about $142,000. Amalgamated Bank lifted its holdings in Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock worth $152,000 after purchasing an additional 630 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Innovex International by 9.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company's stock worth $177,000 after purchasing an additional 1,047 shares in the last quarter.

Analysts Set New Price Targets

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

Innovex International Stock Up 0.2%

INVX traded up $0.03 during trading on Friday, reaching $14.98. 317,639 shares of the company were exchanged, compared to its average volume of 407,450. The company has a 50-day simple moving average of $16.14. The stock has a market cap of $1.03 billion, a P/E ratio of 10.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. Innovex International, Inc. has a 12-month low of $11.93 and a 12-month high of $19.51.

Innovex International (NYSE:INVX - Get Free Report) last released its quarterly 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). Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The business had revenue of $240.42 million during the quarter, compared to analysts' expectations of $247.73 million.

Innovex International Company Profile

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.