48,737 Shares in Innovex International, Inc. (NYSE:INVX) Acquired by Man Group plc

Man Group plc acquired a new stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,737 shares of the company's stock, valued at approximately $681,000. Man Group plc owned about 0.07% of Innovex International as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of INVX. Millennium Management LLC increased its position in shares of Innovex International by 56.8% during the fourth quarter. Millennium Management LLC now owns 83,951 shares of the company's stock worth $1,173,000 after acquiring an additional 30,402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying an additional 836 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Innovex International during the fourth quarter worth about $2,724,000. GeoSphere Capital Management LLC acquired a new position in Innovex International in the 4th quarter valued at $2,794,000. Finally, Graham Capital Management L.P. lifted its stake in shares of Innovex International by 104.1% in the fourth quarter. Graham Capital Management L.P. now owns 46,802 shares of the company's stock worth $654,000 after buying an additional 23,867 shares in the last quarter.

Innovex International Stock Down 1.9%

Shares of INVX traded down $0.27 during trading on Friday, reaching $13.61. 42,851 shares of the company traded hands, compared to its average volume of 400,289. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The firm has a market cap of $938.80 million, a PE ratio of 9.65 and a beta of 0.80. The business's 50-day moving average is $15.45. 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 released its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Wall Street Analyst Weigh In

Separately, Barclays cut their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, May 9th.

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.