Dynamic Technology Lab Private Ltd Acquires New Stake in Keane Group Inc (NASDAQ:FRAC)

Dynamic Technology Lab Private Ltd bought a new position in shares of Keane Group Inc (NASDAQ:FRAC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,080 shares of the company’s stock, valued at approximately $354,000.

A number of other large investors also recently made changes to their positions in FRAC. Nationwide Fund Advisors acquired a new stake in Keane Group during the 1st quarter worth about $119,000. Legal & General Group Plc grew its stake in shares of Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after buying an additional 2,985 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of Keane Group in the 2nd quarter valued at about $179,000. First Mercantile Trust Co. grew its stake in shares of Keane Group by 35.6% in the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after buying an additional 3,319 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Keane Group in the 1st quarter valued at about $212,000.

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Shares of Keane Group Inc (NASDAQ:FRAC) traded down $0.48 during trading hours on Friday, reaching $15.47. 622,694 shares of the company traded hands, compared to its average volume of 768,779. Keane Group Inc has a one year low of $12.42 and a one year high of $22.93.

Keane Group (NASDAQ:FRAC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $477.30 million during the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. Keane Group’s revenue was up 47.7% compared to the same quarter last year.

Several analysts have recently commented on FRAC shares. BidaskClub upgraded Keane Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Citigroup Inc. downgraded Keane Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Barclays PLC started coverage on shares of Keane Group in a research report on Friday, October 6th. They issued an “underweight” rating and a $16.00 price target on the stock. Zacks Investment Research cut shares of Keane Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $18.00 price target on shares of Keane Group in a research report on Tuesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Keane Group presently has an average rating of “Buy” and an average target price of $20.68.

Keane Group Company Profile

Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.

Institutional Ownership by Quarter for Keane Group (NASDAQ:FRAC)

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