30,463 Shares in FTS International Inc (NYSE:FTSI) Acquired by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. bought a new position in shares of FTS International Inc (NYSE:FTSI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,463 shares of the company’s stock, valued at approximately $170,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in FTS International by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,217,124 shares of the company’s stock worth $17,951,000 after purchasing an additional 191,516 shares in the last quarter. BlackRock Inc. increased its stake in FTS International by 6.0% during the 2nd quarter. BlackRock Inc. now owns 2,318,616 shares of the company’s stock worth $12,938,000 after purchasing an additional 131,915 shares in the last quarter. JPMorgan Chase & Co. increased its stake in FTS International by 20.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock worth $12,674,000 after purchasing an additional 378,516 shares in the last quarter. Bank of New York Mellon Corp increased its stake in FTS International by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 804,914 shares of the company’s stock worth $4,492,000 after purchasing an additional 27,803 shares in the last quarter. Finally, Northern Trust Corp increased its stake in FTS International by 4.1% during the 2nd quarter. Northern Trust Corp now owns 415,583 shares of the company’s stock worth $2,320,000 after purchasing an additional 16,458 shares in the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on FTSI shares. Piper Jaffray Companies cut shares of FTS International from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $9.25 to $6.00 in a research note on Tuesday, June 25th. Wells Fargo & Co decreased their price target on shares of FTS International from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. Citigroup decreased their price target on shares of FTS International from $3.20 to $2.80 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Bank of America cut shares of FTS International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 8th. Finally, Capital One Financial cut shares of FTS International from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. FTS International presently has a consensus rating of “Hold” and a consensus price target of $6.51.

Shares of FTSI opened at $1.58 on Tuesday. The stock has a market capitalization of $164.64 million, a P/E ratio of 1.76, a P/E/G ratio of 3.41 and a beta of 1.69. FTS International Inc has a twelve month low of $1.49 and a twelve month high of $13.65. The company has a 50 day moving average of $2.37 and a 200-day moving average of $5.43. The company has a quick ratio of 2.49, a current ratio of 2.95 and a debt-to-equity ratio of 8.49.

FTS International (NYSE:FTSI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $225.80 million for the quarter, compared to the consensus estimate of $236.09 million. FTS International had a return on equity of 130.74% and a net margin of 2.62%. FTS International’s revenue was down 54.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. On average, sell-side analysts anticipate that FTS International Inc will post 0.07 earnings per share for the current fiscal year.

FTS International Profile

FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.

Featured Article: The role of implied volatility with call option volume

Institutional Ownership by Quarter for FTS International (NYSE:FTSI)

Receive News & Ratings for FTS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTS International and related companies with MarketBeat.com's FREE daily email newsletter.