GAMMA Investing LLC Grows Stake in Innovex International, Inc. (NYSE:INVX)

GAMMA Investing LLC lifted its position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 4,743.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,734 shares of the company's stock after buying an additional 36,955 shares during the quarter. GAMMA Investing LLC owned approximately 0.05% of Innovex International worth $6,780,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank raised its holdings in Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after acquiring an additional 630 shares during the period. Oregon Public Employees Retirement Fund raised its stake 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 valued at $124,000 after purchasing an additional 758 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Innovex International by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,626 shares of the company's stock worth $274,000 after purchasing an additional 836 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Innovex International by 9.0% in 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 during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in Innovex International by 5.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 20,878 shares of the company's stock worth $292,000 after purchasing an additional 1,149 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INVX shares. Wall Street Zen upgraded shares of Innovex International from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Johnson Rice upgraded shares of Innovex International to a "strong-buy" rating in a report on Friday, May 30th. Finally, Barclays decreased their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th.

Innovex International Price Performance

NYSE INVX traded down $0.17 during trading on Thursday, hitting $16.53. 89,857 shares of the stock traded hands, compared to its average volume of 400,647. 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 12-month low of $11.93 and a 12-month high of $19.42. The firm has a 50-day simple moving average of $15.08 and a 200-day simple moving average of $15.81. The company has a market capitalization of $1.14 billion, a P/E ratio of 11.72 and a beta of 0.79.

Innovex International (NYSE:INVX - Get Free Report) last posted its 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 firm had revenue of $240.42 million for the quarter, compared to the consensus estimate of $247.73 million.

Innovex International 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.