Flotek Industries, Inc. (NYSE:FTK) Experiences Light Trading Volume

Cornelia Mascio
Ottobre 22, 2017

The stock decreased 0.13% or $0.21 on October 20, reaching $166.3. The shares were purchased at an average price of $5.46. Visa Inc (NYSE:V) has risen 20.29% since October 22, 2016 and is uptrending. It has outperformed by 1.55% the S&P500. The Director now owns $488,435 of the stock per the Form 4 SEC filing. Finally, Viking Fund Management LLC purchased a new position in Flotek Industries during the 2nd quarter valued at about $4,559,000. Skylands Capital Llc who had been investing in Flotek Inds Inc Del for a number of months, seems to be bullish on the $278.06M market cap company. The stock had a trading volume of 547,826 shares. Wasatch Advisors Inc. owned 0.17% of Flotek Industries worth $894,000 at the end of the most recent reporting period. It has underperformed by 23.03% the S&P500. (NYSE:V), 31 have Buy rating, 0 Sell and 6 Hold. Therefore 84% are positive. Visa Inc. had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 12 by Bernstein. On Tuesday, October 25 the stock rating was maintained by Stifel Nicolaus with "Buy". KeyBanc Capital Markets has "Buy" rating and $118.0 target. Oppenheimer maintained it with "Buy" rating and $10000 target in Friday, June 23 report. As per Thursday, October 8, the company rating was initiated by SunTrust. The firm has "Buy" rating by UBS given on Wednesday, December 16. Riverhead Capital Management LLC increased its stake in Flotek Industries by 7.0% in the second quarter.

Investors sentiment decreased to 0.78 in Q2 2017. Its down 0.14, from 1.39 in 2017Q1. It increased, as 44 investors sold V shares while 564 reduced holdings. 137 funds opened positions while 396 raised stakes. Deutsche Bancorporation Ag holds 0% or 148,635 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,088 shares. Capstone Asset Management Co. now owns 16,110 shares of the company's stock worth $213,000 after buying an additional 750 shares in the last quarter. Morgan Stanley holds 0% of its portfolio in Flotek Industries Inc (NYSE:FTK) for 276,070 shares. Cetera Advisor Networks Limited Liability Company invested 0.26% in Visa Inc (NYSE:V). Metropolitan Life has invested 0% of its portfolio in Flotek Industries Inc (NYSE:FTK). Nationwide Fund Advisors holds 0.2% or 328,881 shares. Zweig invested in 425,950 shares. Moreover, Train Babcock Ltd Company has 1.7% invested in Visa Inc (NYSE:V) for 41,681 shares. Aperio Ltd Limited Liability Company invested in 19,651 shares or 0% of the stock. Fayez Sarofim Communications holds 2.29 million shares or 1.87% of its portfolio. Hall Laurie J Trustee invested in 1,090 shares. During the same period in the prior year, the firm earned $0.04 earnings per share. V's profit will be $1.94 billion for 31.63 P/E if the $0.85 EPS becomes a reality. The value of the investment in FTK went from $0 to $0 a change of $0 quarter over quarter.

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.14, from 1.39 in 2017Q1.

Several other hedge funds have also modified their holdings of FTK.

Flotek Industries, Inc., launched on October 30, 2001, is a technology-driven company.

Flotek Industries, Inc. has a 52-week low of $4.48 and a 52-week high of $14.51. Stoneridge Invest Prtnrs has 10,047 shares for 0.01% of their portfolio. Legal General Group Inc Public Ltd Co has 101,869 shares. Zacks Investment Research raised shares of Flotek Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, September 4th. Nbw Limited Liability stated it has 263,206 shares. Parametric Portfolio Assocs reported 50,137 shares. Cutler Group LP now controls 26,800 shares valued at $0. Envestnet Asset accumulated 155 shares or 0% of the stock. Vetr upgraded Flotek Industries Inc (NYSE:FTK) on Tuesday, September 22 to "Buy" rating. Inverness Counsel New York reported 73,472 shares stake.

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