Graham Capital Management L.P. Has $654,000 Holdings in Innovex International, Inc. (NYSE:INVX)

Graham Capital Management L.P. increased its holdings in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 104.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,802 shares of the company's stock after buying an additional 23,867 shares during the quarter. Graham Capital Management L.P. owned 0.07% of Innovex International worth $654,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Deutsche Bank AG raised its stake in Innovex International by 19.1% during the 4th quarter. Deutsche Bank AG now owns 71,864 shares of the company's stock worth $1,004,000 after buying an additional 11,513 shares during the period. Dean Capital Management raised its stake in Innovex International by 129.5% during the 4th quarter. Dean Capital Management now owns 164,477 shares of the company's stock worth $2,298,000 after buying an additional 92,801 shares during the period. Cetera Investment Advisers acquired a new stake in Innovex International during the 4th quarter worth $152,000. Bridgeway Capital Management LLC raised its stake in Innovex International by 3.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 68,545 shares of the company's stock worth $958,000 after buying an additional 2,569 shares during the period. Finally, Jane Street Group LLC raised its stake in Innovex International by 325.4% during the 4th quarter. Jane Street Group LLC now owns 177,512 shares of the company's stock worth $2,480,000 after buying an additional 135,780 shares during the period.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on 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 Price Performance

INVX opened at $15.23 on Thursday. The firm has a 50-day moving average price of $16.27. Innovex International, Inc. has a 1 year low of $11.93 and a 1 year high of $19.51. The firm has a market cap of $1.05 billion, a P/E ratio of 10.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17.

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 the consensus estimate of $0.32 by ($0.03). Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The firm had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million.

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.

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