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

Lesa Sroufe & Co acquired a new stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 86,770 shares of the company's stock, valued at approximately $1,558,000. Innovex International comprises 1.6% of Lesa Sroufe & Co's holdings, making the stock its 27th biggest holding. Lesa Sroufe & Co owned about 0.13% of Innovex International at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP grew its holdings 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 acquiring an additional 1,841,686 shares during the period. Madison Avenue Partners LP lifted its position in shares of Innovex International by 64.6% in the fourth quarter. Madison Avenue Partners LP now owns 1,686,476 shares of the company's stock valued at $23,560,000 after acquiring an additional 662,009 shares in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. Invesco Ltd. lifted 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 in the last quarter. Finally, GeoSphere Capital Management LLC purchased a new stake in shares of Innovex International in the fourth quarter worth about $2,794,000.

Innovex International Stock Performance

NYSE INVX opened at $16.47 on Tuesday. The stock has a 50-day simple moving average of $15.25 and a two-hundred day simple moving average of $15.81. The firm has a market capitalization of $1.14 billion, a P/E ratio of 11.68 and a beta of 0.79. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.42. 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 (NYSE:INVX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $240.42 million for the quarter, compared to analysts' expectations of $247.73 million. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%.

Analyst Ratings Changes

INVX has been the topic of a number of recent research reports. Barclays decreased their price objective on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. Johnson Rice upgraded Innovex International to a "strong-buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen upgraded Innovex International from a "hold" rating to a "buy" rating in a report on Friday, June 6th.

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.

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