Arrowstreet Capital Limited Partnership bought a new stake in shares of CARBO Ceramics Inc. (NYSE:CRR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 203,260 shares of the oil and gas company’s stock, valued at approximately $2,069,000. Arrowstreet Capital Limited Partnership owned about 0.75% of CARBO Ceramics at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new stake in CARBO Ceramics during the 2nd quarter worth about $103,000. EagleClaw Capital Managment LLC acquired a new position in CARBO Ceramics during the 3rd quarter valued at about $155,000. Royal Bank of Canada lifted its position in CARBO Ceramics by 12.4% during the 2nd quarter. Royal Bank of Canada now owns 28,063 shares of the oil and gas company’s stock valued at $192,000 after purchasing an additional 3,092 shares during the period. Alliancebernstein L.P. lifted its position in CARBO Ceramics by 44.8% during the 2nd quarter. Alliancebernstein L.P. now owns 36,500 shares of the oil and gas company’s stock valued at $250,000 after purchasing an additional 11,300 shares during the period. Finally, Arizona State Retirement System lifted its position in CARBO Ceramics by 223.7% during the 4th quarter. Arizona State Retirement System now owns 36,943 shares of the oil and gas company’s stock valued at $376,000 after purchasing an additional 25,529 shares during the period. Hedge funds and other institutional investors own 69.64% of the company’s stock.
CARBO Ceramics Inc. (CRR) traded up $0.21 during mid-day trading on Friday, reaching $7.47. 299,905 shares of the company’s stock were exchanged, compared to its average volume of 797,649. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.75 and a current ratio of 4.61. CARBO Ceramics Inc. has a 1 year low of $5.83 and a 1 year high of $13.70. The company has a market capitalization of $203.53, a PE ratio of -1.52 and a beta of 1.78.
CARBO Ceramics (NYSE:CRR) last posted its earnings results on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.02). The firm had revenue of $60.34 million for the quarter, compared to analyst estimates of $56.87 million. CARBO Ceramics had a negative return on equity of 20.27% and a negative net margin of 67.47%. The firm’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.35) EPS. research analysts expect that CARBO Ceramics Inc. will post -1.67 EPS for the current fiscal year.
CRR has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Cowen set a $8.00 target price on shares of CARBO Ceramics and gave the stock a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.65.
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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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