Bank Of New York Mellon Corp Increased Frank’s International Nv (NYSE:FI) Stake by $12.73 Million

August 12, 2018 - By Sheila Anderson

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.43, from 1.38 in 2017Q4. It worsened, as 13 investors sold FI shares while 31 reduced holdings. 15 funds opened positions while 27 raised stakes. 82.35 million shares or 0.76% more from 81.73 million shares in 2017Q4 were reported. Ny State Common Retirement Fund holds 0% or 47,100 shares in its portfolio. Barrow Hanley Mewhinney And Strauss reported 619,360 shares stake. Moreover, Mariner Limited Liability has 0.01% invested in Frank's International N.V. (NYSE:FI) for 32,685 shares. 21,717 are held by Voya Ltd Liability Co. Quantbot Lp accumulated 0% or 4,057 shares. 7,906 are held by Point72 Asia (Hong Kong). Swiss Retail Bank stated it has 97,000 shares or 0% of all its holdings. Schwab Charles Investment Management owns 223,148 shares or 0% of their US portfolio. Goldman Sachs Grp holds 112,336 shares. Eagle Mgmt Limited has 0.04% invested in Frank's International N.V. (NYSE:FI). Rhumbline Advisers owns 46,652 shares. Gotham Asset Mgmt Ltd Liability has 0.02% invested in Frank's International N.V. (NYSE:FI). Quantitative Systematic Strategies Ltd Liability Co has invested 0.02% of its portfolio in Frank's International N.V. (NYSE:FI). California Pub Employees Retirement System accumulated 28,069 shares. Northern Trust Corporation invested in 630,446 shares.

Since March 1, 2018, it had 0 buys, and 30 selling transactions for $37.29 million activity. Another trade for 9,000 shares valued at $65,744 was sold by Miles Darren C.. Bradford’s GP – LLC sold $862,306 worth of stock or 113,923 shares. The insider Mosing Gregory Stanton sold 25,000 shares worth $200,250. Cestero Alejandro had sold 2,440 shares worth $13,420. $2.15M worth of Frank's International N.V. (NYSE:FI) shares were sold by WBM Partnership – LP. Mosing William Bradford had sold 90,585 shares worth $681,023.

Bank Of New York Mellon Corp increased its stake in Frank’s International Nv (NYSE:FI) by 657.23% based on its latest 2018Q2 regulatory filing with the SEC. Bank Of New York Mellon Corp bought 1.82M shares as the company’s stock rose 14.10% while stock markets declined. The institutional investor held 2.10M shares of the oilfield services and equipment company at the end of 2018Q2, valued at $16.34 million, up from 276,679 at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Frank’s International Nv for a number of months, seems to be bullish on the $1.97 billion market cap company. The stock decreased 1.68% or $0.15 during the last trading session, reaching $8.79. About 1.28M shares traded or 42.47% up from the average. Frank's International N.V. (NYSE:FI) has declined 5.76% since August 13, 2017 and is downtrending. It has underperformed by 18.33% the S&P500.

Bank Of New York Mellon Corp, which manages about $367.58B US Long portfolio, decreased its stake in Lowe’s Cos Inc (NYSE:LOW) by 130,520 shares to 8.22 million shares, valued at $785.51 million in 2018Q2, according to the filing. It also reduced its holding in Darden Restaurants Inc (NYSE:DRI) by 294,071 shares in the quarter, leaving it with 1.45M shares, and cut its stake in Ally Financial Inc (NYSE:ALLY).

Frank's International N.V. (NYSE:FI) Ratings Coverage

Among 3 analysts covering Frank’s International (NYSE:FI), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Frank’s International had 3 analyst reports since March 5, 2018 according to SRatingsIntel. The stock of Frank's International N.V. (NYSE:FI) earned “Hold” rating by Piper Jaffray on Tuesday, March 6. The stock has “Hold” rating by Seaport Global on Monday, March 5. The rating was maintained by UBS on Friday, August 10 with “Sell”.

FrankÂ’s International N.V. provides various engineered tubular services for the gas and oil exploration and production companies in the United States and internationally. The company has market cap of $1.97 billion. The firm operates through four divisions: International Services, U.S. It currently has negative earnings. Services, Tubular Sales, and Blackhawk.

More news for Frank's International N.V. (NYSE:FI) were recently published by: Globenewswire.com, which released: “Frank’s International NV Announces Second Quarter 2018 Results” on August 08, 2018. Seekingalpha.com‘s article titled: “Frank’s International 2018 Q2 – Results – Earnings Call Slides” and published on August 08, 2018 is yet another important article.

Frank's International N.V. (NYSE:FI) Ratings Chart

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