Parametric Portfolio Associates LLC lifted its stake in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,158 shares of the oil and gas company’s stock after purchasing an additional 16,245 shares during the period. Parametric Portfolio Associates LLC owned about 0.51% of Carbo Ceramics worth $946,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UBS Asset Management Americas Inc. acquired a new stake in Carbo Ceramics during the 2nd quarter worth $103,000. Texas Permanent School Fund lifted its stake in shares of Carbo Ceramics by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 15,456 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 128 shares during the period. Creative Planning increased its holdings in shares of Carbo Ceramics by 101.5% in the 2nd quarter. Creative Planning now owns 17,106 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 8,618 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Carbo Ceramics by 13.9% in the first quarter. Public Employees Retirement System of Ohio now owns 9,786 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Carbo Ceramics by 7.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,980 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.
Shares of Carbo Ceramics, Inc. (CRR) traded down $0.04 on Monday, hitting $10.31. 754,485 shares of the stock traded hands, compared to its average volume of 952,870. Carbo Ceramics, Inc. has a 52 week low of $5.83 and a 52 week high of $16.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.74 and a quick ratio of 3.31.
Carbo Ceramics (NYSE:CRR) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.81) by ($0.16). Carbo Ceramics had a negative return on equity of 16.48% and a negative net margin of 79.49%. The company had revenue of $50.20 million during the quarter, compared to analyst estimates of $46.98 million. During the same period in the previous year, the company earned ($0.49) EPS. The business’s revenue for the quarter was up 148.5% compared to the same quarter last year. analysts anticipate that Carbo Ceramics, Inc. will post -3.7 earnings per share for the current year.
Several equities research analysts recently issued reports on CRR shares. Zacks Investment Research raised shares of Carbo Ceramics from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research report on Wednesday, September 27th. Scotiabank set a $12.00 price target on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Friday, October 27th. Cowen set a $11.00 price target on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine raised shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. 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 currently has a consensus rating of “Hold” and an average price target of $10.75.
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Carbo Ceramics Company Profile
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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