Hawkins Capital buys $1,701,360 stake in Franks International NV (FI)

Franks International NV (FI) : Hawkins Capital scooped up 80,400 additional shares in Franks International NV during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 139,000 shares of Franks International NV which is valued at $1,701,360.Franks International NV makes up approximately 0.53% of Hawkins Capital’s portfolio.

Other Hedge Funds, Including , Voya Investment Management reduced its stake in FI by selling 46,695 shares or 80.2% in the most recent quarter. The Hedge Fund company now holds 11,525 shares of FI which is valued at $141,066.Great Lakes Advisors reduced its stake in FI by selling 2,848 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 222,088 shares of FI which is valued at $2,718,357. Franks International NV makes up approx 0.07% of Great Lakes Advisors’s portfolio.California State Teachers Retirement System boosted its stake in FI in the latest quarter, The investment management firm added 1,366 additional shares and now holds a total of 76,682 shares of Franks International NV which is valued at $919,417.Msi Financial Services Inc boosted its stake in FI in the latest quarter, The investment management firm added 1,009 additional shares and now holds a total of 1,110 shares of Franks International NV which is valued at $16,417.

Franks International NV opened for trading at $11.43 and hit $11.58 on the upside on Thursday, eventually ending the session at $11.57, with a gain of 0.70% or 0.08 points. The heightened volatility saw the trading volume jump to 7,57,135 shares. Company has a market cap of $1,807 M.

On the company’s financial health, Franks International NV reported $-0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.01. The company had revenue of $121.00 million for the quarter, compared to analysts expectations of $140.13 million. The company’s revenue was down -52.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Franks International NV. Shares were Reiterated by Scotia Howard Weil on Jul 29, 2016 to “Sector Perform” and Lowered the Price Target to $ 14 from a previous price target of $17 .Franks International NV was Downgraded by CapitalOne to ” Equal Weight” on Jul 28, 2016. Shares were Downgraded by Jefferies on Jul 11, 2016 to ” Underperform” and Lowered the Price Target to $ 12 from a previous price target of $14.50 .

Frank’s International N.V. (FINV) is a provider of engineered tubular services to the exploration and production companies in both offshore and onshore environments. The Company operates through three business segments: International Services U. S. Services and Tubular Sales. The International Services segment provides tubular services to exploration and production companies in international offshore markets and in several onshore international regions in approximately 60 countries on six continents. The U.S. Services segment provides tubular services in the active onshore oil and gas drilling regions in the United States including the Permian Basin Bakken Shale Barnett Shale Eagle Ford Shale Haynesville Shale Marcellus Shale and Utica Shale as well as in the United States Gulf of Mexico. The Tubular Sales segment designs manufactures and distributes outside diameter (OD) pipe connectors and casing attachments.

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