Uncovering Institutional Buying In FTS International Inc. (AMEX: FTSI)


    Bridgeway Capital Management, Inc.. recently announced the acquisition of new stake in FTS International Inc. (AMEX:FTSI). This fresh investment now brings its stake to 1.57% valued currently at $0.5 million. In addition, Jane Street Capital LLC raised its holdings by 32777.0 to 32777.0 shares. And Arrowstreet Capital LP has lifted its position by 256.99% or 20559.0 shares – to 28559.0 shares.

    With over 2.46 million FTS International Inc. (FTSI) shares trading Friday and a closing price of $4.54 on the day, the dollar volume was approximately $11.17 million. The shares have shown a negative weekly performance of -8.47% and its price on 08/28/20 gained nearly 37.58%. Currently, there are 5.38M common shares owned by the public and among those 3.61M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for FTSI have a consensus price objective of $7.00. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $5.00 should the stock experience a downside. Incidentally, analysts’ outlook for the FTS International Inc. stock is 3.40 for the next 12 months. But an upside of 43.25% will see the stock hit the forecast high price target while mean target price for the stock is $8.00.

    Insiders at the company have transacted a total of 10 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 712,500 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 110,142 shares.

    The top 3 mutual fund holders in FTS International Inc. are Bridgeway Ultra Small Company Fun, Vanguard Total Stock Market Index, and Bridgeway Ultra Small Company Mar. Bridgeway Ultra Small Company Fun owns 56875.0 shares of the company’s stock, all valued at over $0.34 million. The company bought an additional 56875.0 shares recently to bring their total holdings to about 1.06% of the shares outstanding. Bridgeway Ultra Small Company Mar bought 25000.0 shares to bring its total holdings to over 25000.0 shares at a value of $0.15 million. Bridgeway Ultra Small Company Mar now owns shares totaling to 0.47% of the shares outstanding.

    Shares of FTS International Inc. (AMEX: FTSI) opened at $3.60, up $0.3 from a prior closing price of $3.30. However, the script later closed the day at $4.54, up 37.58%. The company’s stock has a 5-day price change of -8.47% and -26.54% over the past three months. FTSI shares are trading -78.17% year to date (YTD), with the 12-month market performance down to -91.40% lower. It has a 12-month low price of $1.01 and touched a high of $71.60 over the same period. Currently, 2.46 million shares have been traded, compared to an average intraday trading volume of 247.26K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.27%, -29.97%, and -60.46% respectively.

    Institutional ownership of FTS International Inc. (AMEX: FTSI) shares accounts for 59.70% of the company’s 5.38M shares outstanding. Mutual fund holders own 4.24%, while other institutional holders and individual stakeholders account for 43.08% and — respectively.

    It has a market capitalization of $17.80M. The earnings-per-share (ttm) stands at -$16.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 90.45% over the week and 29.06% over the month.

    Analysts forecast that FTS International Inc. (FTSI) will achieve an EPS of -$6.67 for the current quarter, -$5.92 for the next quarter and -$17.94 for 2021. The lowest estimate earnings-per-share for the quarter is -$7.96 while analysts give the company a high EPS estimate of -$5.84. Comparatively, EPS for the current quarter was -$2.6 a year ago. Earnings per share for the fiscal year are expected to decrease by -110.20%, and 25.90% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate FTS International Inc. (FTSI) as a “Hold” at a consensus score of 3.40. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 3 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the FTSI, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on March 19, 2020, with the firm’s price target at. Morgan Stanley coverage for the FTS International Inc. (FTSI) stock in a research note released on March 16, 2020 offered a Underweight rating with a price target of. Tudor Pickering was of a view on March 11, 2020 that the stock is Hold, while Stifel gave the stock Hold rating on March 10, 2020, issuing a price target of $3- $1. Evercore ISI on their part issued Underperform rating on March 09, 2020.


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