Quantbot Technologies LP Boosts Holdings in Oil States International, Inc. $OIS

Key Points

• Quantbot Technologies LP has significantly increased its stake in Oil States International by purchasing 54,080 shares, bringing its total ownership to approximately 79,473 shares valued at $409,000.
• Several institutional investors, including GAMMA Investing LLC and New York State Common Retirement Fund, have also dramatically increased their holdings in Oil States International during the first quarter.
• Oil States International's latest quarterly earnings report showed a net margin of 1.02% with revenue of $165.41 million, a decline of 11.3% year-over-year, while analysts are predicting an EPS of 0.16 for the current year.

Quantbot Technologies LP raised its position in shares of Oil States International, Inc. (NYSE:OIS - Free Report) by 213.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,473 shares of the oil and gas company's stock after buying an additional 54,080 shares during the period. Quantbot Technologies LP owned about 0.13% of Oil States International worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Oil States International by 374.4% during the first quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock worth $30,000 after buying an additional 4,613 shares during the period. New York State Common Retirement Fund boosted its position in shares of Oil States International by 944.2% during the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company's stock worth $50,000 after buying an additional 8,800 shares during the period. Marshall Wace LLP purchased a new position in shares of Oil States International during the fourth quarter worth $97,000. BNP Paribas Financial Markets boosted its position in shares of Oil States International by 18.2% during the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock worth $306,000 after buying an additional 9,303 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Oil States International by 82.4% during the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock worth $191,000 after buying an additional 17,019 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Oil States International Trading Up 0.4%

OIS stock traded up $0.03 on Monday, hitting $5.59. The company's stock had a trading volume of 512,267 shares, compared to its average volume of 619,067. The firm has a 50 day moving average of $5.34 and a two-hundred day moving average of $4.86. Oil States International, Inc. has a 1 year low of $3.08 and a 1 year high of $5.99. The stock has a market cap of $338.40 million, a price-to-earnings ratio of 50.78 and a beta of 1.94.

Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. The firm had revenue of $165.41 million for the quarter, compared to analyst estimates of $171.50 million. During the same period last year, the firm posted $0.07 EPS. Oil States International's quarterly revenue was down 11.3% on a year-over-year basis. As a group, equities analysts forecast that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on OIS shares. Wall Street Zen lowered Oil States International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Susquehanna boosted their target price on Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.25.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.