Nuance Investments LLC Lifted Position in Franks Intl N V (FI)

September 12, 2017 - By Linda Rogers

Investors sentiment decreased to 0.7 in Q4 2016. Its down 0.35, from 1.05 in 2016Q3. It worsened, as 26 investors sold FI shares while 45 reduced holdings. 17 funds opened positions while 33 raised stakes. 56.22 million shares or 23.60% more from 45.48 million shares in 2016Q3 were reported. Geode Cap Mgmt Llc invested 0% of its portfolio in Franks International NV (NYSE:FI). Primecap Management Ca has 0% invested in Franks International NV (NYSE:FI). Employees Retirement Association Of Colorado holds 1,133 shares or 0% of its portfolio. Wolverine Asset Ltd Com invested in 0.01% or 78,710 shares. Voya Inv Ltd accumulated 11,525 shares or 0% of the stock. Wasatch Inc owns 152,435 shares. Nuance Invs Ltd Limited Liability Company, Kansas-based fund reported 10.47M shares. Mizuho Usa Incorporated has invested 0.03% in Franks International NV (NYSE:FI). Schwab Charles Investment Mngmt owns 0% invested in Franks International NV (NYSE:FI) for 92,229 shares. Sei Invests Co holds 86,152 shares or 0.01% of its portfolio. Fmr Lc holds 0.01% or 6.13M shares in its portfolio. Bnp Paribas Arbitrage accumulated 2,029 shares or 0% of the stock. Columbia Wanger Asset Mgmt Limited Company, Illinois-based fund reported 664,787 shares. Calvert Investment Management holds 0.14% or 298,844 shares in its portfolio. Massachusetts Serv Company Ma owns 2.12 million shares or 0.01% of their US portfolio.

Since March 17, 2017, it had 3 buys, and 16 sales for $135.52 million activity. Shares for $96,700 were bought by Mosing Gregory Stanton on Thursday, March 23. $124,320 worth of Franks International NV (NYSE:FI) shares were sold by Bradford’s GP – LLC. Steven Brent Mosing Family – L.L.C. had sold 2.00 million shares worth $18.00 million on Wednesday, March 22. Mosing Steven B. sold $18.00M worth of stock. Another trade for 14,800 shares valued at $124,320 was made by WBM Partnership – LP on Wednesday, June 14. $3.79M worth of Franks International NV (NYSE:FI) was sold by Donald Keith Mosing Revocable Trust on Monday, May 8. The insider Miller Ginsoma GP – LLC sold $9.00 million.

Nuance Investments Llc increased its stake in Franks Intl N V (FI) by 16.54% based on its latest 2016Q4 regulatory filing with the SEC. Nuance Investments Llc bought 1.49 million shares as the company’s stock declined 32.72% while stock markets rallied. The institutional investor held 10.47 million shares of the oilfield services and equipment company at the end of 2016Q4, valued at $128.89M, up from 8.98M at the end of the previous reported quarter. Nuance Investments Llc who had been investing in Franks Intl N V for a number of months, seems to be bullish on the $1.55 billion market cap company. The stock rose 1.09% or $0.07 reaching $6.93 per share. About 241,765 shares traded. Franks International NV (NYSE:FI) has declined 43.86% since September 12, 2016 and is downtrending. It has underperformed by 60.56% the S&P500.

Nuance Investments Llc, which manages about $507.52 million and $1.19B US Long portfolio, decreased its stake in Commerce Bancshares Inc (NASDAQ:CBSH) by 704,225 shares to 46,016 shares, valued at $2.66M in 2016Q4, according to the filing. It also reduced its holding in Deere & Co (NYSE:DE) by 297,040 shares in the quarter, leaving it with 170,143 shares, and cut its stake in Northern Tr Corp (NASDAQ:NTRS).

More news for Franks International NV (NYSE:FI) were recently published by: Nasdaq.com, which released: “Frank’s International NV (FI) Ex-Dividend Date Scheduled for August 29, 2017” on August 28, 2017. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Frank’s International, Arch Coal and Newell Brands” and published on August 25, 2017 is yet another important article.

Franks International NV (NYSE:FI) Ratings Coverage

Among 18 analysts covering Frank’s International N.V. (NYSE:FI), 3 have Buy rating, 3 Sell and 12 Hold. Therefore 17% are positive. Frank’s International N.V. had 44 analyst reports since August 6, 2015 according to SRatingsIntel. Scotia Capital maintained the shares of FI in report on Monday, April 3 with “Hold” rating. Jefferies maintained the stock with “Sell” rating in Thursday, March 23 report. The stock has “Hold” rating by Piper Jaffray on Monday, August 7. Jefferies maintained Franks International NV (NYSE:FI) rating on Tuesday, August 8. Jefferies has “Hold” rating and $8.50 target. The stock of Franks International NV (NYSE:FI) has “Underweight” rating given on Wednesday, June 21 by Morgan Stanley. Barclays Capital maintained the shares of FI in report on Tuesday, August 8 with “Equal-Weight” rating. On Thursday, July 20 the stock rating was maintained by RBC Capital Markets with “Sell”. The firm has “Neutral” rating by JP Morgan given on Wednesday, June 22. RBC Capital Markets maintained it with “Sector Perform” rating and $18 target in Wednesday, November 4 report. The firm has “Neutral” rating by Seaport Global given on Tuesday, April 19.

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