Holdings Lp Thrc Buys 363,757 Shares of ProFrac (NASDAQ:ACDC) Stock

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Holdings Lp Thrc acquired 363,757 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $4.70 per share, for a total transaction of $1,709,657.90. Following the completion of the purchase, the insider owned 83,785,415 shares of the company’s stock, valued at approximately $393,791,450.50. This represents a 0.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Holdings Lp Thrc also recently made the following trade(s):

• On Tuesday, August 25th, Holdings Lp Thrc purchased 30,820 shares of ProFrac stock. The shares were bought at an average price of $4.81 per share, for a total transaction of $148,244.20.
• On Friday, August 21st, Holdings Lp Thrc purchased 212,650 shares of ProFrac stock. The stock was bought at an average cost of $4.74 per share, with a total value of $1,007,961.00.

ProFrac Trading Up 13.9%

ProFrac stock opened at $5.26 on Friday. The firm has a 50 day simple moving average of $4.92 and a 200-day simple moving average of $5.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.59. The stock has a market capitalization of $957.97 million, a PE ratio of -2.26 and a beta of 1.46. ProFrac Holding Corp. has a 12-month low of $3.08 and a 12-month high of $8.22.

Institutional Trading of ProFrac

A number of hedge funds and other institutional investors have recently made changes to their positions in ACDC. UBS Group AG boosted its holdings in ProFrac by 1,862.8% during the third quarter. UBS Group AG now owns 705,568 shares of the company’s stock worth $2,611,000 after buying an additional 669,621 shares in the last quarter. AQR Capital Management LLC grew its position in ProFrac by 61.7% in the fourth quarter. AQR Capital Management LLC now owns 1,638,822 shares of the company’s stock worth $6,375,000 after buying an additional 625,596 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of ProFrac by 27.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,484,760 shares of the company’s stock valued at $5,494,000 after buying an additional 322,860 shares in the last quarter. HRT Financial LP increased its holdings in shares of ProFrac by 409.5% in the fourth quarter. HRT Financial LP now owns 382,837 shares of the company’s stock valued at $1,489,000 after buying an additional 307,696 shares in the last quarter. Finally, Walleye Capital LLC lifted its position in shares of ProFrac by 328.6% during the 1st quarter. Walleye Capital LLC now owns 347,911 shares of the company’s stock valued at $2,157,000 after acquiring an additional 266,742 shares during the last quarter. 12.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACDC has been the subject of a number of research reports. Piper Sandler increased their price target on ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Wall Street Zen downgraded ProFrac from a “hold” rating to a “sell” rating in a research note on Sunday, August 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of ProFrac in a report on Wednesday, June 24th. Finally, Morgan Stanley decreased their target price on ProFrac from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $5.25.

Trending Headlines about ProFrac

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased a combined 607,227 ACDC shares on August 21, 24, and 25 for approximately $2.87 million, at prices ranging from $4.70 to $4.81. The purchases increased his stake to more than 88 million shares and may signal confidence that ProFrac is undervalued. Insider buying report
• Positive Sentiment: THRC Holdings LP reported matching purchases of 607,227 shares over the same period, also totaling approximately $2.87 million. Buying by major holders can provide a supportive ownership signal, though it does not immediately improve ProFrac’s earnings, liquidity, or balance sheet. SEC Form 4 filing
• Neutral Sentiment: Institutional ownership is relatively limited at 12.75%, although several investment firms recently initiated or expanded small positions. These changes suggest some investor interest but are unlikely to be a major near-term catalyst.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley lowered its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded ACDC from “hold” to “sell.” The consensus rating is “Reduce,” with an average target of $5.25. ProFrac analyst and insider coverage
• Negative Sentiment: ProFrac continues to trade below its 50-day and 200-day moving averages. Its negative P/E ratio, current ratio below 1, quick ratio of 0.59, and debt-to-equity ratio of 1.42 point to ongoing profitability, liquidity, and leverage risks.

About ProFrac

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.