Carbo Ceramics, Inc. (CRR) Holdings Held by Royce & Associates LP
Royce & Associates LP continued to hold its stake in Carbo Ceramics, Inc. (NYSE:CRR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,900 shares of the oil and gas company’s stock at the close of the 2nd quarter. Royce & Associates LP owned 0.61% of Carbo Ceramics worth $1,136,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CRR. Teachers Advisors LLC grew its position in Carbo Ceramics by 41.3% in the 4th quarter. Teachers Advisors LLC now owns 47,416 shares of the oil and gas company’s stock worth $496,000 after purchasing an additional 13,861 shares in the last quarter. Nationwide Fund Advisors grew its position in Carbo Ceramics by 26.3% in the 1st quarter. Nationwide Fund Advisors now owns 15,592 shares of the oil and gas company’s stock worth $203,000 after purchasing an additional 3,248 shares in the last quarter. Wells Fargo & Company MN grew its position in Carbo Ceramics by 4.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,017,803 shares of the oil and gas company’s stock worth $13,272,000 after purchasing an additional 43,149 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Carbo Ceramics by 15.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,084 shares of the oil and gas company’s stock worth $365,000 after purchasing an additional 3,724 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Carbo Ceramics by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 265,174 shares of the oil and gas company’s stock worth $3,459,000 after purchasing an additional 13,355 shares in the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.
Carbo Ceramics, Inc. (NYSE:CRR) opened at 7.45 on Friday. The company’s market capitalization is $202.25 million. Carbo Ceramics, Inc. has a 52-week low of $5.66 and a 52-week high of $16.70. The stock’s 50 day moving average is $6.84 and its 200-day moving average is $8.38.
Carbo Ceramics (NYSE:CRR) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($0.07). The firm had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $36.50 million. Carbo Ceramics had a negative return on equity of 12.72% and a negative net margin of 72.46%. The firm’s quarterly revenue was up 111.0% on a year-over-year basis. During the same period last year, the firm posted ($0.88) earnings per share. Analysts predict that Carbo Ceramics, Inc. will post ($3.63) EPS for the current fiscal year.
CRR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Scotiabank set a $12.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $9.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Thursday, July 27th. ValuEngine raised shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $5.00 price objective (down from $7.50) on shares of Carbo Ceramics in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Carbo Ceramics has a consensus rating of “Hold” and an average target price of $11.06.
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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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