FMC Technologies, Inc. (FTI) Position Raised by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd increased its stake in shares of FMC Technologies, Inc. (NYSE:FTI) by 60.5% during the first quarter, Holdings Channel reports. The fund owned 408,058 shares of the oil and gas company’s stock after buying an additional 153,866 shares during the period. BlueCrest Capital Management Ltd owned about 0.09% of FMC Technologies worth $13,262,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in FMC Technologies during the fourth quarter valued at about $3,115,000. ING Groep NV increased its position in FMC Technologies by 54.9% in the fourth quarter. ING Groep NV now owns 12,992 shares of the oil and gas company’s stock valued at $462,000 after buying an additional 4,606 shares during the last quarter. Comerica Bank increased its position in FMC Technologies by 1.3% in the fourth quarter. Comerica Bank now owns 143,232 shares of the oil and gas company’s stock valued at $5,135,000 after buying an additional 1,857 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of FMC Technologies by 0.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 61,453 shares of the oil and gas company’s stock worth $2,183,000 after buying an additional 567 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of FMC Technologies by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,938 shares of the oil and gas company’s stock worth $460,000 after buying an additional 52 shares during the period. 64.18% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

FMC Technologies, Inc. (NYSE FTI) traded down 0.25% on Friday, hitting $27.59. 11,045,840 shares of the stock traded hands. The firm’s 50-day moving average price is $30.20 and its 200-day moving average price is $32.70. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 16.55 and a beta of 0.88. FMC Technologies, Inc. has a 12-month low of $27.24 and a 12-month high of $36.14.

ILLEGAL ACTIVITY NOTICE: “FMC Technologies, Inc. (FTI) Position Raised by BlueCrest Capital Management Ltd” was published by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://sleekmoney.com/fmc-technologies-inc-fti-position-raised-by-bluecrest-capital-management-ltd/1916558.html.

A number of brokerages have recently commented on FTI. ValuEngine cut shares of FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $37.00 target price on shares of FMC Technologies in a research report on Friday, June 2nd. Sanford C. Bernstein upgraded shares of FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 target price for the company in a research report on Tuesday, May 16th. Barclays PLC set a $33.00 target price on shares of FMC Technologies and gave the company a “hold” rating in a research report on Saturday, May 6th. Finally, Scotiabank set a $37.00 target price on shares of FMC Technologies and gave the company a “buy” rating in a research report on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. FMC Technologies has a consensus rating of “Buy” and a consensus price target of $35.18.

In other FMC Technologies news, EVP Bradley D. Beitler sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $32.00, for a total value of $384,000.00. Following the completion of the transaction, the executive vice president now owns 87,886 shares in the company, valued at approximately $2,812,352. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Maryann T. Mannen sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $29.20, for a total value of $189,800.00. Following the completion of the transaction, the chief financial officer now owns 309,261 shares of the company’s stock, valued at approximately $9,030,421.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,500 shares of company stock valued at $824,120. Corporate insiders own 0.86% of the company’s stock.

FMC Technologies Company Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Technologies, Inc. (NYSE:FTI).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/fmc-technologies-inc-fti-position-raised-by-bluecrest-capital-management-ltd/1916558.html

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *