Disciplined Growth Investors Inc. MN raised its position in Carbo Ceramics, Inc. (NYSE:CRR) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,075 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the quarter. Disciplined Growth Investors Inc. MN owned 0.94% of Carbo Ceramics worth $1,740,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRR. UBS Asset Management Americas Inc. purchased a new stake in Carbo Ceramics in the second quarter valued at approximately $103,000. Texas Permanent School Fund raised its position in Carbo Ceramics by 0.8% in the second quarter. Texas Permanent School Fund now owns 15,456 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 128 shares during the period. Creative Planning raised its position in Carbo Ceramics by 101.5% in the second 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 during the period. Public Employees Retirement System of Ohio raised its position in 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 valued at $128,000 after purchasing an additional 1,196 shares during the period. Finally, Arizona State Retirement System raised its position in Carbo Ceramics by 1.8% in the first quarter. Arizona State Retirement System now owns 11,014 shares of the oil and gas company’s stock valued at $144,000 after purchasing an additional 200 shares during the period. 72.19% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. ValuEngine lowered Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Morgan Stanley restated an “underweight” rating and issued a $5.00 price target (down previously from $7.50) on shares of Carbo Ceramics in a research note on Wednesday, June 21st. Piper Jaffray Companies set a $9.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Scotiabank set a $12.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.78.
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Carbo Ceramics, Inc. (NYSE CRR) traded up 0.43% during trading on Friday, hitting $7.02. 559,717 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $7.57 and its 200 day moving average price is $7.76. Carbo Ceramics, Inc. has a 12-month low of $5.66 and a 12-month high of $16.70. The stock’s market cap is $190.57 million.
Carbo Ceramics (NYSE:CRR) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.93) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.07). Carbo Ceramics had a negative net margin of 72.46% and a negative return on equity of 12.72%. The business had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $36.50 million. During the same period in the prior year, the business posted ($0.88) EPS. The business’s revenue was up 111.0% on a year-over-year basis. Analysts anticipate that Carbo Ceramics, Inc. will post ($3.62) earnings per share for the current fiscal year.
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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