Icon Wealth Advisors LLC Lowers Position in Forum Energy Technologies, Inc. (NYSE:FET)

Icon Wealth Advisors LLC reduced its stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 92.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the oil and gas company’s stock after selling 58,533 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Forum Energy Technologies were worth $77,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Forum Energy Technologies by 24.5% in the second quarter. Rhumbline Advisers now owns 17,483 shares of the oil and gas company’s stock worth $295,000 after buying an additional 3,437 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Forum Energy Technologies by 123.9% during the second quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company’s stock worth $523,000 after buying an additional 17,177 shares during the period. Bank of New York Mellon Corp grew its stake in Forum Energy Technologies by 19.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company’s stock worth $939,000 after purchasing an additional 9,090 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Forum Energy Technologies by 21.8% during the 2nd quarter. Renaissance Technologies LLC now owns 79,900 shares of the oil and gas company’s stock worth $1,347,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Forum Energy Technologies by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 267,858 shares of the oil and gas company’s stock valued at $4,141,000 after buying an additional 12,449 shares during the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Price Performance

FET stock opened at $15.25 on Monday. The business has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $16.46. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $187.27 million, a P/E ratio of -3.61 and a beta of 2.46. Forum Energy Technologies, Inc. has a twelve month low of $12.83 and a twelve month high of $23.82.

Forum Energy Technologies Company Profile

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.