Alps Advisors Inc. Acquires New Position in FTS International Inc (FTSI)

Alps Advisors Inc. acquired a new position in FTS International Inc (NYSE:FTSI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,124 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. raised its stake in FTS International by 27.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,712,309 shares of the company’s stock valued at $24,383,000 after purchasing an additional 369,909 shares during the period. Millennium Management LLC raised its stake in FTS International by 61.9% during the 2nd quarter. Millennium Management LLC now owns 1,292,323 shares of the company’s stock valued at $18,403,000 after purchasing an additional 494,262 shares during the period. Feinberg Stephen raised its stake in FTS International by 144.0% during the 2nd quarter. Feinberg Stephen now owns 927,406 shares of the company’s stock valued at $13,206,000 after purchasing an additional 547,272 shares during the period. Lonestar Capital Management LLC bought a new stake in FTS International during the 2nd quarter valued at approximately $9,256,000. Finally, Northern Trust Corp raised its stake in FTS International by 20.8% during the 2nd quarter. Northern Trust Corp now owns 274,396 shares of the company’s stock valued at $3,908,000 after purchasing an additional 47,297 shares during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

FTSI has been the topic of several recent analyst reports. Citigroup decreased their target price on FTS International from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Wells Fargo & Co downgraded FTS International to a “hold” rating in a research note on Thursday, September 6th. Capital One Financial reissued an “equal weight” rating on shares of FTS International in a research note on Wednesday, July 25th. Barclays decreased their target price on FTS International from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, Guggenheim reissued a “buy” rating and set a $19.00 target price on shares of FTS International in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. FTS International has an average rating of “Buy” and an average target price of $20.30.

NYSE FTSI opened at $12.97 on Wednesday. The company has a market cap of $1.39 billion and a price-to-earnings ratio of 1.66. The company has a debt-to-equity ratio of 7.50, a current ratio of 2.72 and a quick ratio of 2.33. FTS International Inc has a 1-year low of $9.38 and a 1-year high of $22.60.

FTS International (NYSE:FTSI) last released its quarterly earnings results on Monday, October 29th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.16). The firm had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $388.24 million. FTS International had a net margin of 14.98% and a negative return on equity of 139.46%. The business’s revenue was down 25.5% on a year-over-year basis. As a group, research analysts forecast that FTS International Inc will post 2.76 EPS for the current fiscal year.

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About FTS International

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.

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

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