Millennium Management LLC Buys 30,402 Shares of Innovex International, Inc. (NYSE:INVX)

Millennium Management LLC increased its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 56.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,951 shares of the company's stock after buying an additional 30,402 shares during the period. Millennium Management LLC owned 0.12% of Innovex International worth $1,173,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Innovex International in the 4th quarter valued at about $88,000. Oregon Public Employees Retirement Fund grew its stake in shares of Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after buying an additional 758 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Innovex International in the 4th quarter valued at about $142,000. Amalgamated Bank grew its stake in shares of Innovex International by 6.2% in the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after buying an additional 630 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Innovex International in the 4th quarter valued at about $152,000.

Innovex International Stock Up 3.2%

INVX stock traded up $0.48 during mid-day trading on Friday, reaching $15.61. 254,012 shares of the company traded hands, compared to its average volume of 406,066. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 11.07 and a beta of 0.79. 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 fifty-two week low of $11.93 and a fifty-two week high of $19.42. The firm's 50 day moving average price is $15.08 and its 200 day moving average price is $15.80.

Innovex International (NYSE:INVX - Get Free Report) last released 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). The company had revenue of $240.42 million for 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%.

Analyst Upgrades and Downgrades

INVX has been the subject of several research reports. Barclays reduced 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. Wall Street Zen upgraded Innovex International from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Johnson Rice upgraded Innovex International to a "strong-buy" rating in a research note on Friday, May 30th.

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.