BTG Pactual Global Asset Management Ltd trimmed its stake in shares of FTS International Inc (NYSE:FTSI) by 54.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 125,000 shares of the company’s stock after selling 149,300 shares during the quarter. BTG Pactual Global Asset Management Ltd’s holdings in FTS International were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of FTSI. Citigroup Inc. acquired a new stake in FTS International in the first quarter valued at approximately $102,000. Sei Investments Co. acquired a new stake in FTS International in the first quarter valued at approximately $117,000. Oppenheimer Asset Management Inc. acquired a new stake in FTS International in the first quarter valued at approximately $199,000. New York State Common Retirement Fund acquired a new stake in FTS International in the first quarter valued at approximately $226,000. Finally, Barclays PLC acquired a new stake in FTS International in the first quarter valued at approximately $247,000. 67.35% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the company. Tudor Pickering lowered FTS International from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Wells Fargo & Co lowered FTS International from an “outperform” rating to a “market perform” rating and set a $34.00 price objective on the stock. in a report on Friday, June 29th. Citigroup dropped their price objective on FTS International from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, July 9th. ValuEngine lowered FTS International from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Piper Jaffray Companies set a $19.00 price objective on FTS International and gave the company a “buy” rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. FTS International currently has an average rating of “Hold” and a consensus target price of $21.11.
NYSE FTSI opened at $9.99 on Friday. FTS International Inc has a 1-year low of $9.89 and a 1-year high of $22.60. The company has a debt-to-equity ratio of 28.83, a quick ratio of 2.26 and a current ratio of 2.58.
FTS International (NYSE:FTSI) last released its earnings results on Tuesday, July 31st. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.09). The firm had revenue of $493.30 million during the quarter, compared to analyst estimates of $528.87 million. research analysts anticipate that FTS International Inc will post 2.94 earnings per share for the current 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 Story: Risk Tolerance and Your Investment Decisions
Want to see what other hedge funds are holding FTSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTS International Inc (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.