Balyasny Asset Management L.P. Has $872,000 Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Balyasny Asset Management L.P. trimmed its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 83.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,424 shares of the company’s stock after selling 315,126 shares during the period. Balyasny Asset Management L.P. owned about 0.09% of Innovex International worth $872,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Jane Street Group LLC raised its holdings in Innovex International by 325.4% in the 4th quarter. Jane Street Group LLC now owns 177,512 shares of the company’s stock valued at $2,480,000 after acquiring an additional 135,780 shares during the period. Northern Trust Corp raised its holdings in Innovex International by 8.3% in the 4th quarter. Northern Trust Corp now owns 384,077 shares of the company’s stock valued at $5,366,000 after acquiring an additional 29,535 shares during the period. Tudor Investment Corp ET AL raised its holdings in Innovex International by 15.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 125,384 shares of the company’s stock valued at $1,752,000 after acquiring an additional 16,938 shares during the period. Oxford Asset Management LLP bought a new position in Innovex International in the 4th quarter valued at about $248,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Innovex International by 17.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,880 shares of the company’s stock worth $180,000 after purchasing an additional 1,909 shares during the period.

Innovex International Price Performance

Shares of NYSE:INVX opened at $15.23 on Thursday. The company has a 50 day moving average price of $16.27. The company has a market capitalization of $1.05 billion, a PE ratio of 10.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. Innovex International, Inc. has a 1 year low of $11.93 and a 1 year high of $19.51.

Innovex International (NYSE:INVX) last issued its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The company had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price objective on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.