Franks International NV (NYSE:FI)’s share price fell 6.5% during trading on Thursday . The company traded as low as $5.99 and last traded at $6.00. 818,561 shares were traded during mid-day trading, an increase of 5% from the average session volume of 781,299 shares. The stock had previously closed at $6.42.

A number of brokerages recently commented on FI. ValuEngine downgraded shares of Franks International from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Franks International from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Jefferies Group set a $7.00 price objective on shares of Franks International and gave the stock a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada set a $7.00 price objective on shares of Franks International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $5.50 price objective on shares of Franks International in a research note on Friday, November 10th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.61.

The stock has a market cap of $1,338.64, a price-to-earnings ratio of -11.28 and a beta of 1.11.

In other news, Director D. Keith Mosing sold 218,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $6.36, for a total transaction of $1,386,480.00. Following the sale, the director now directly owns 446,300 shares of the company’s stock, valued at $2,838,468. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Melanie Christine Mosing sold 300,610 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $6.51, for a total transaction of $1,956,971.10. Following the sale, the insider now directly owns 10,591,325 shares in the company, valued at $68,949,525.75. The disclosure for this sale can be found here. Insiders sold 4,401,592 shares of company stock worth $26,909,237 over the last ninety days. Corporate insiders own 77.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Franks International by 207.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 9,096,428 shares of the pipeline company’s stock valued at $70,224,000 after buying an additional 6,137,315 shares during the last quarter. FMR LLC grew its holdings in shares of Franks International by 4.6% during the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock valued at $56,984,000 after buying an additional 301,283 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Franks International by 10.2% during the fourth quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock valued at $30,669,000 after buying an additional 426,376 shares during the last quarter. State Street Corp grew its holdings in shares of Franks International by 39.2% during the second quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock valued at $11,779,000 after buying an additional 399,679 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Franks International by 2.8% during the third quarter. Citadel Advisors LLC now owns 1,295,782 shares of the pipeline company’s stock valued at $10,003,000 after buying an additional 35,700 shares during the last quarter. 31.49% of the stock is currently owned by hedge funds and other institutional investors.

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Franks International Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

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