SG Americas Securities LLC Buys New Position in Nine Energy Service, Inc. (NYSE:NINE)

SG Americas Securities LLC bought a new position in shares of Nine Energy Service, Inc. (NYSE:NINE – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,139 shares of the company’s stock, valued at approximately $176,000.

Several other institutional investors also recently added to or reduced their stakes in NINE. Algert Global LLC raised its holdings in Nine Energy Service by 42.3% during the third quarter. Algert Global LLC now owns 49,750 shares of the company’s stock worth $131,000 after purchasing an additional 14,800 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Nine Energy Service by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 247,498 shares of the company’s stock valued at $654,000 after buying an additional 12,256 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Nine Energy Service during the 3rd quarter worth approximately $114,000. Quadrature Capital Ltd acquired a new stake in shares of Nine Energy Service during the 3rd quarter worth approximately $97,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Nine Energy Service by 66.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 72,789 shares of the company’s stock worth $192,000 after buying an additional 28,989 shares in the last quarter. Institutional investors and hedge funds own 52.61% of the company’s stock.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I restated a “buy” rating and issued a $18.00 target price on shares of Nine Energy Service in a report on Monday, January 23rd.

Nine Energy Service Stock Down 0.6 %

NINE stock opened at $3.08 on Friday. The company has a market cap of $106.94 million, a PE ratio of 6.55 and a beta of 3.33. Nine Energy Service, Inc. has a twelve month low of $2.03 and a twelve month high of $17.10. The business’s 50-day simple moving average is $5.26 and its 200 day simple moving average is $8.82.

Nine Energy Service (NYSE:NINE – Get Rating) last posted its quarterly earnings data on Tuesday, March 7th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). Nine Energy Service had a negative return on equity of 59.38% and a net margin of 2.37%. The company had revenue of $166.67 million during the quarter, compared to the consensus estimate of $166.30 million. On average, equities research analysts anticipate that Nine Energy Service, Inc. will post 0.43 EPS for the current year.

Insider Transactions at Nine Energy Service

In other news, major shareholder Warren Lynn Frazier sold 215,772 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $4.12, for a total transaction of $888,980.64. Following the transaction, the insider now directly owns 2,903,315 shares of the company’s stock, valued at $11,961,657.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Warren Lynn Frazier sold 215,772 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $4.12, for a total value of $888,980.64. Following the transaction, the insider now owns 2,903,315 shares in the company, valued at $11,961,657.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Crombie sold 10,827 shares of Nine Energy Service stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $3.48, for a total transaction of $37,677.96. Following the completion of the sale, the insider now directly owns 252,925 shares of the company’s stock, valued at $880,179. The disclosure for this sale can be found here. Insiders sold a total of 343,262 shares of company stock worth $1,730,671 in the last three months. Insiders own 6.20% of the company’s stock.

Nine Energy Service Profile

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Nine Energy Service, Inc is an oilfield services business, which engages in the provision of services integral to the completion of unconventional wells. It offers cementing services, completion tools, wireline services, and coiled tubing services. The company was founded on September 26, 2011 and is headquartered in Houston, TX.