Geode Capital Management LLC Has $783,000 Position in Drilling Tools International Co. (NASDAQ:DTI)

Geode Capital Management LLC raised its holdings in Drilling Tools International Co. (NASDAQ:DTI) by 31.5% in the third quarter, Holdings Channel.com reports. The fund owned 209,808 shares of the company’s stock after acquiring an additional 50,236 shares during the quarter. Geode Capital Management LLC’s holdings in Drilling Tools International were worth $783,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Drilling Tools International by 28.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 28,283 shares of the company’s stock worth $105,000 after purchasing an additional 6,201 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Drilling Tools International in the second quarter valued at approximately $99,000. Barclays PLC lifted its stake in shares of Drilling Tools International by 414.6% in the third quarter. Barclays PLC now owns 16,730 shares of the company’s stock worth $62,000 after buying an additional 13,479 shares during the last quarter. Woodstock Corp bought a new stake in shares of Drilling Tools International during the 3rd quarter worth $57,000. Finally, Rhumbline Advisers acquired a new position in Drilling Tools International in the 2nd quarter valued at $49,000. 2.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Alliance Global Partners cut their target price on shares of Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a research report on Friday, November 15th.

Drilling Tools International Stock Performance

Shares of NASDAQ DTI opened at $3.29 on Friday. Drilling Tools International Co. has a 12 month low of $2.43 and a 12 month high of $6.36. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market cap of $117.10 million, a P/E ratio of 11.75, a P/E/G ratio of 1.04 and a beta of -0.86. The business’s 50 day moving average is $3.39 and its two-hundred day moving average is $4.02.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.