Teachers Advisors LLC raised its position in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 23.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,878 shares of the company’s stock after acquiring an additional 13,965 shares during the period. Teachers Advisors LLC owned approximately 0.27% of Carbo Ceramics worth $506,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of CRR. Prescott Group Capital Management L.L.C. bought a new position in Carbo Ceramics during the second quarter valued at $6,768,000. Dimensional Fund Advisors LP increased its position in Carbo Ceramics by 62.5% during the first quarter. Dimensional Fund Advisors LP now owns 361,011 shares of the company’s stock valued at $4,708,000 after acquiring an additional 138,831 shares during the last quarter. Engineers Gate Manager LP bought a new position in Carbo Ceramics during the second quarter valued at $678,000. Schwab Charles Investment Management Inc. increased its position in Carbo Ceramics by 17.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 351,880 shares of the company’s stock valued at $2,411,000 after acquiring an additional 51,198 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Carbo Ceramics by 243.2% during the second quarter. BNP Paribas Arbitrage SA now owns 42,159 shares of the company’s stock valued at $289,000 after acquiring an additional 29,875 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.
CRR has been the topic of a number of research analyst reports. Cowen and Company set a $11.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a report on Friday, October 6th. Scotiabank set a $12.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a report on Friday, July 28th. ValuEngine upgraded shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Piper Jaffray Companies set a $9.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Carbo Ceramics from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$10.75.
Carbo Ceramics, Inc. (NYSE:CRR) opened at C$9.45 on Friday. Carbo Ceramics, Inc. has a 1-year low of C$5.83 and a 1-year high of C$16.70. The company has a current ratio of 5.74, a quick ratio of 3.39 and a debt-to-equity ratio of 0.16.
Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, October 26th. The company reported C($0.97) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.81) by C($0.16). Carbo Ceramics had a negative return on equity of 15.58% and a negative net margin of 79.49%. The business had revenue of C$50.20 million during the quarter, compared to analysts’ expectations of C$46.98 million. During the same period last year, the company earned ($0.49) earnings per share. The firm’s revenue was up 148.5% compared to the same quarter last year. research analysts expect that Carbo Ceramics, Inc. will post -3.74 EPS for the current year.
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 13th. Investors of record on Saturday, September 30th were paid a $0.074 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend was Thursday, September 28th.
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About Carbo Ceramics
CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.
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