Icon Wealth Advisors LLC Raises Stock Holdings in Forum Energy Technologies, Inc. (NYSE:FET)

Icon Wealth Advisors LLC raised its holdings in shares of Forum Energy Technologies, Inc. (NYSE:FETFree Report) by 44.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,758 shares of the oil and gas company’s stock after acquiring an additional 28,225 shares during the period. Icon Wealth Advisors LLC owned approximately 0.75% of Forum Energy Technologies worth $1,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in Forum Energy Technologies by 0.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 255,409 shares of the oil and gas company’s stock worth $4,306,000 after purchasing an additional 1,511 shares in the last quarter. Rhumbline Advisers grew its position in Forum Energy Technologies by 24.5% during the second quarter. Rhumbline Advisers now owns 17,483 shares of the oil and gas company’s stock valued at $295,000 after buying an additional 3,437 shares during the period. Vanguard Group Inc. increased its holdings in Forum Energy Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 538,148 shares of the oil and gas company’s stock valued at $10,752,000 after buying an additional 3,516 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Forum Energy Technologies by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company’s stock valued at $939,000 after buying an additional 9,090 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Forum Energy Technologies by 21.8% in the second quarter. Renaissance Technologies LLC now owns 79,900 shares of the oil and gas company’s stock worth $1,347,000 after acquiring an additional 14,300 shares during the period. Institutional investors and hedge funds own 65.60% of the company’s stock.

Forum Energy Technologies Price Performance

NYSE:FET opened at $15.25 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. Forum Energy Technologies, Inc. has a 52 week low of $12.83 and a 52 week high of $23.82. The stock’s 50-day moving average price is $15.28 and its 200-day moving average price is $16.38. The stock has a market capitalization of $187.33 million, a PE ratio of -3.61 and a beta of 2.46.

Forum Energy Technologies Company Profile

(Free Report)

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.

Featured Stories

Institutional Ownership by Quarter for Forum Energy Technologies (NYSE:FET)

Receive News & Ratings for Forum Energy Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Energy Technologies and related companies with MarketBeat.com's FREE daily email newsletter.