Man Group plc Acquires New Holdings in Innovex International, Inc. (NYSE:INVX)

Man Group plc purchased a new stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 48,737 shares of the company's stock, valued at approximately $681,000. Man Group plc owned approximately 0.07% 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. Amalgamated Bank boosted its stake in Innovex International by 6.2% during the 4th 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 last quarter. Oregon Public Employees Retirement Fund boosted 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 acquiring an additional 758 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Innovex International by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,626 shares of the company's stock valued at $274,000 after acquiring an additional 836 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake 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 valued at $177,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in Innovex International by 5.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 20,878 shares of the company's stock valued at $292,000 after acquiring an additional 1,149 shares during the last quarter.

Innovex International Trading Down 0.2%

NYSE INVX traded down $0.03 during trading hours on Thursday, reaching $13.98. 169,341 shares of the company traded hands, compared to its average volume of 402,166. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.42. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $964.33 million, a PE ratio of 9.91 and a beta of 0.80. The stock has a 50 day simple moving average of $15.54.

Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The business had revenue of $240.42 million during the quarter, compared to the consensus estimate of $247.73 million.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective 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 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.