Citigroup Inc. Reduces Stake in Cactus, Inc. $WHD

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Citigroup Inc. significantly reduced its stake in Cactus, Inc. (NYSE:WHD) by 43.0% in the third quarter, selling 68,891 shares and retaining 91,495 shares valued at $3.61 million. Despite Citigroup’s reduction, other institutional investors increased their holdings, maintaining institutional ownership at 85.11%. Cactus reported strong Q4 EPS, declared a quarterly dividend, and received analyst upgrades, leading to a “Moderate Buy” consensus rating and an average target price of $56.33.

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