Squarepoint Ops LLC lowered its position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,958 shares of the company's stock after selling 72,188 shares during the period. Squarepoint Ops LLC owned 0.07% of Innovex International worth $656,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC acquired a new position in Innovex International in the 4th quarter valued at $145,000. Sanctuary Advisors LLC grew its stake in shares of Innovex International by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company's stock valued at $659,000 after acquiring an additional 8,008 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Innovex International in the fourth quarter valued at about $193,000. Cetera Investment Advisers bought a new position in Innovex International during the fourth quarter worth about $152,000. Finally, Amalgamated Bank raised its stake in Innovex International by 6.2% in 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.
Analyst Ratings Changes
INVX has been the topic of a number of analyst reports. Johnson Rice upgraded shares of Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. Barclays dropped their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, May 9th.
Read Our Latest Stock Report on INVX
Innovex International Price Performance
Shares of NYSE:INVX traded up $0.48 during trading on Friday, reaching $15.61. 254,012 shares of the company traded hands, compared to its average volume of 406,066. The company's 50 day moving average is $15.08 and its two-hundred day moving average is $15.80. The firm has a market capitalization of $1.08 billion, a PE ratio of 11.07 and a beta of 0.79. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 52 week low of $11.93 and a 52 week high of $19.42.
Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million.
About Innovex International
(
Free Report)
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.
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