SeaBridge Investment Advisors LLC reduced its holdings in shares of Frank’s International (NYSE:FI) by 10.8% during the 4th quarter, HoldingsChannel reports. The firm owned 148,389 shares of the pipeline company’s stock after selling 18,010 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Frank’s International were worth $407,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Frank’s International by 29.0% in the third quarter. Sei Investments Co. now owns 186,182 shares of the pipeline company’s stock valued at $287,000 after acquiring an additional 41,900 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Frank’s International by 59.0% in the second quarter. Bank of America Corp DE now owns 65,840 shares of the pipeline company’s stock valued at $147,000 after acquiring an additional 24,427 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Frank’s International by 1.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,113,303 shares of the pipeline company’s stock valued at $12,494,000 after acquiring an additional 142,780 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Frank’s International by 35.6% in the third quarter. Morgan Stanley now owns 1,546,978 shares of the pipeline company’s stock valued at $2,381,000 after acquiring an additional 406,162 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Frank’s International by 28.2% in the third quarter. Strs Ohio now owns 162,800 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 35,800 shares in the last quarter. 49.45% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Frank’s International from a “hold” rating to a “sell” rating in a report on Wednesday, February 17th.

FI stock opened at $3.47 on Tuesday. The company has a market cap of $785.33 million, a P/E ratio of -2.48 and a beta of 1.51. Frank’s International has a 52 week low of $1.49 and a 52 week high of $3.92. The company’s 50-day moving average price is $3.07 and its 200 day moving average price is $2.44.

Frank’s International Profile

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. It operates through three segments: Tubular Running Services, Tubulars, and Cementing Equipment.

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Institutional Ownership by Quarter for Frank`s International (NYSE:FI)

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