American Century Companies Inc. Boosts Holdings in Forum Energy Technologies, Inc. (NYSE:FET)

American Century Companies Inc. lifted its stake in shares of Forum Energy Technologies, Inc. (NYSE:FET - Free Report) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,940 shares of the oil and gas company's stock after purchasing an additional 20,925 shares during the period. American Century Companies Inc. owned about 0.59% of Forum Energy Technologies worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Forum Energy Technologies by 71.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,845 shares of the oil and gas company's stock valued at $137,000 after acquiring an additional 3,693 shares in the last quarter. Monaco Asset Management SAM boosted its holdings in shares of Forum Energy Technologies by 9.8% during the 4th quarter. Monaco Asset Management SAM now owns 75,118 shares of the oil and gas company's stock worth $1,164,000 after purchasing an additional 6,709 shares during the last quarter. Tejara Capital Ltd grew its position in shares of Forum Energy Technologies by 5.4% in the fourth quarter. Tejara Capital Ltd now owns 230,545 shares of the oil and gas company's stock valued at $3,571,000 after purchasing an additional 11,736 shares in the last quarter. State Street Corp increased its holdings in shares of Forum Energy Technologies by 6.9% in the third quarter. State Street Corp now owns 198,479 shares of the oil and gas company's stock valued at $3,068,000 after purchasing an additional 12,785 shares during the last quarter. Finally, Barclays PLC lifted its position in Forum Energy Technologies by 86.0% during the third quarter. Barclays PLC now owns 27,714 shares of the oil and gas company's stock worth $428,000 after buying an additional 12,810 shares in the last quarter. Institutional investors and hedge funds own 65.60% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com cut Forum Energy Technologies from a "buy" rating to a "hold" rating in a report on Thursday, March 6th.

Forum Energy Technologies Trading Down 4.4 %

FET stock traded down $0.62 during trading on Monday, reaching $13.54. 88,862 shares of the stock were exchanged, compared to its average volume of 59,963. 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 firm has a market capitalization of $167.49 million, a price-to-earnings ratio of -1.23 and a beta of 1.74. The business has a 50 day moving average price of $18.16 and a 200-day moving average price of $16.64. Forum Energy Technologies, Inc. has a 1 year low of $12.78 and a 1 year high of $21.57.

Forum Energy Technologies (NYSE:FET - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The oil and gas company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.58). The firm had revenue of $201.00 million for the quarter, compared to analysts' expectations of $201.85 million. Forum Energy Technologies had a negative net margin of 16.57% and a negative return on equity of 2.39%.

Insider Buying and Selling at Forum Energy Technologies

In related news, CEO Neal Lux purchased 9,129 shares of Forum Energy Technologies stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $17.65 per share, with a total value of $161,126.85. Following the purchase, the chief executive officer now owns 212,250 shares of the company's stock, valued at approximately $3,746,212.50. The trade was a 4.49 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.20% of the company's stock.

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.