CARBO Ceramics Inc. (CRR) Holdings Cut by Winslow Evans & Crocker Inc.
Winslow Evans & Crocker Inc. lessened its position in CARBO Ceramics Inc. (NYSE:CRR) by 34.3% during the fourth quarter, Holdings Channel reports. The fund owned 61,750 shares of the oil and gas company’s stock after selling 32,200 shares during the period. Winslow Evans & Crocker Inc.’s holdings in CARBO Ceramics were worth $629,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in CRR. Schwab Charles Investment Management Inc. grew its holdings in CARBO Ceramics by 17.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 351,880 shares of the oil and gas company’s stock worth $2,411,000 after acquiring an additional 51,198 shares during the last quarter. Rhumbline Advisers grew its holdings in CARBO Ceramics by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 45,564 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 1,755 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in CARBO Ceramics by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 281,913 shares of the oil and gas company’s stock worth $1,931,000 after acquiring an additional 16,739 shares during the last quarter. Legal & General Group Plc grew its holdings in CARBO Ceramics by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 39,529 shares of the oil and gas company’s stock worth $271,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in CARBO Ceramics by 44.8% in the 2nd quarter. Alliancebernstein L.P. now owns 36,500 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 11,300 shares during the last quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.
In related news, major shareholder Wilks Brothers, Llc bought 20,000 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average cost of $9.94 per share, with a total value of $198,800.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.20% of the company’s stock.
CARBO Ceramics Inc. (NYSE CRR) traded down $0.42 during trading hours on Friday, hitting $10.75. 1,037,725 shares of the stock traded hands, compared to its average volume of 620,594. CARBO Ceramics Inc. has a 12-month low of $5.83 and a 12-month high of $16.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.31 and a current ratio of 5.74. The stock has a market cap of $291.72, a PE ratio of -1.14 and a beta of 2.00.
CARBO Ceramics (NYSE:CRR) last posted its earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $46.98 million. During the same period in the prior year, the business posted ($0.49) earnings per share. The company’s revenue for the quarter was up 148.5% on a year-over-year basis. equities research analysts expect that CARBO Ceramics Inc. will post -3.72 earnings per share for the current fiscal year.
CRR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of CARBO Ceramics from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Wednesday, September 27th. Cowen 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, October 27th. Finally, ValuEngine raised shares of CARBO Ceramics from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.88.
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.
Want to see what other hedge funds are holding CRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CARBO Ceramics Inc. (NYSE:CRR).
Receive News & Ratings for CARBO Ceramics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CARBO Ceramics and related companies with MarketBeat.com's FREE daily email newsletter.