Tudor Investment Corp ET AL Buys 16,938 Shares of Innovex International, Inc. (NYSE:INVX)

Tudor Investment Corp ET AL boosted its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,384 shares of the company's stock after acquiring an additional 16,938 shares during the quarter. Tudor Investment Corp ET AL owned 0.19% of Innovex International worth $1,752,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INVX. Central Pacific Bank Trust Division purchased a new stake in shares of Innovex International in the fourth quarter valued at about $63,000. KLP Kapitalforvaltning AS bought a new stake in Innovex International in the 4th quarter worth about $88,000. Oregon Public Employees Retirement Fund increased its stake in 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 last quarter. Aigen Investment Management LP bought a new position in shares of Innovex International during the 4th quarter worth approximately $142,000. Finally, Amalgamated Bank boosted 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 worth $152,000 after buying an additional 630 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on INVX shares. Pickering Energy Partners raised Innovex International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Barclays decreased their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday.

Innovex International Price Performance

Shares of Innovex International stock traded down $0.80 on Friday, reaching $14.86. 520,857 shares of the company traded hands, compared to its average volume of 412,000. The business has a 50 day moving average of $16.44. 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 52 week low of $11.93 and a 52 week high of $19.80. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 10.54 and a beta of 0.80.

Innovex International (NYSE:INVX - Get Free Report) last issued its 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 the consensus estimate of $247.73 million.

Innovex International 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.