Lesa Sroufe & Co Acquires Shares of 86,770 Innovex International, Inc. (NYSE:INVX)

Lesa Sroufe & Co purchased a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 86,770 shares of the company's stock, valued at approximately $1,558,000. Innovex International makes up approximately 1.6% of Lesa Sroufe & Co's investment portfolio, making the stock its 27th largest position. Lesa Sroufe & Co owned approximately 0.13% of Innovex International as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Innovex International by 169.7% in the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock valued at $38,000 after buying an additional 1,322 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Innovex International during the fourth quarter worth about $88,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Innovex International by 9.4% in the fourth 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 in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Innovex International in the fourth quarter valued at approximately $142,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Innovex International in the fourth quarter valued at approximately $145,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on INVX shares. Barclays cut 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. Johnson Rice upgraded Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Wall Street Zen upgraded Innovex International from a "hold" rating to a "buy" rating in a research report on Friday, June 6th.

Innovex International Trading Down 0.7%

NYSE:INVX traded down $0.12 during mid-day trading on Friday, reaching $16.06. The company's stock had a trading volume of 1,140,161 shares, compared to its average volume of 408,022. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.34 and a quick ratio of 2.49. The stock has a market cap of $1.11 billion, a P/E ratio of 6.13 and a beta of 0.79. The company's fifty day simple moving average is $15.32 and its two-hundred day simple moving average is $15.82. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $19.42.

Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS 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 analyst estimates of $247.73 million. Innovex International had a return on equity of 7.14% and a net margin of 16.68%.

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.