Traders Purchase High Volume of Frank’s International Call Options (NYSE:FI)

Frank’s International (NYSE:FI) saw some unusual options trading activity on Tuesday. Investors acquired 3,540 call options on the company. This represents an increase of approximately 9,733% compared to the average volume of 36 call options.

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

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Frank’s International by 59.0% during the 2nd quarter. Bank of America Corp DE now owns 65,840 shares of the pipeline company’s stock worth $147,000 after buying an additional 24,427 shares during the period. BNP Paribas Arbitrage SA increased its stake in Frank’s International by 414.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 41,393 shares of the pipeline company’s stock worth $64,000 after buying an additional 33,343 shares during the period. GWM Advisors LLC increased its stake in Frank’s International by 83.0% during the 3rd quarter. GWM Advisors LLC now owns 88,857 shares of the pipeline company’s stock worth $137,000 after buying an additional 40,302 shares during the period. California Public Employees Retirement System increased its stake in Frank’s International by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 351,539 shares of the pipeline company’s stock worth $541,000 after buying an additional 8,700 shares during the period. Finally, BlackRock Inc. increased its stake in Frank’s International by 0.3% during the 3rd quarter. BlackRock Inc. now owns 9,768,137 shares of the pipeline company’s stock worth $15,041,000 after buying an additional 32,245 shares during the period. Institutional investors and hedge funds own 49.45% of the company’s stock.

Shares of NYSE:FI traded up $1.15 during midday trading on Tuesday, hitting $4.62. 185,270 shares of the company’s stock traded hands, compared to its average volume of 634,284. The company has a market cap of $1.05 billion, a PE ratio of -2.89 and a beta of 1.51. The firm’s fifty day moving average price is $3.07 and its two-hundred day moving average price is $2.44. Frank’s International has a twelve month low of $1.49 and a twelve month high of $3.92.

About Frank’s International

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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