Innovex International, Inc. (NYSE:INVX) Shares Sold by Numerai GP LLC

Numerai GP LLC lessened its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,136 shares of the company's stock after selling 152,213 shares during the period. Numerai GP LLC's holdings in Innovex International were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Innovex International during the 4th quarter worth about $88,000. Oregon Public Employees Retirement Fund raised its holdings in Innovex International by 9.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after acquiring an additional 758 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Innovex International in the fourth quarter valued at approximately $142,000. Amalgamated Bank raised its holdings in Innovex International by 6.2% in the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after acquiring an additional 630 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Innovex International in the fourth quarter valued at approximately $152,000.

Innovex International Price Performance

Shares of INVX traded up $0.12 during mid-day trading on Tuesday, reaching $14.81. The company's stock had a trading volume of 408,901 shares, compared to its average volume of 406,982. Innovex International, Inc. has a 12-month low of $11.93 and a 12-month high of $19.42. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.50 and a beta of 0.80. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average price is $16.08.

Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The business had revenue of $240.42 million for the quarter, compared to analyst estimates of $247.73 million.

Analyst Ratings Changes

Separately, Barclays dropped their price objective on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, May 9th.

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.