Driehaus Capital Management LLC boosted its stake in shares of Centennial Resource Development Inc (NASDAQ:CDEV) by 74.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 57,927 shares of the oil and natural gas company’s stock after buying an additional 24,727 shares during the quarter. Driehaus Capital Management LLC’s holdings in Centennial Resource Development were worth $1,147,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CDEV. Magnetar Financial LLC purchased a new stake in Centennial Resource Development during the 3rd quarter valued at about $72,858,000. CDAM UK Ltd bought a new position in Centennial Resource Development during the 4th quarter valued at approximately $26,507,000. Arrowstreet Capital Limited Partnership bought a new position in Centennial Resource Development during the 4th quarter valued at approximately $15,475,000. Dimensional Fund Advisors LP bought a new position in Centennial Resource Development during the 3rd quarter valued at approximately $12,343,000. Finally, TVR Capital Management LP bought a new position in Centennial Resource Development during the 4th quarter valued at approximately $9,656,000. Institutional investors own 92.71% of the company’s stock.
In other news, Director Us Centennial Holdings Ll Rel sold 21,505,417 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $19.50, for a total value of $419,355,631.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 44.70% of the stock is currently owned by corporate insiders.
Centennial Resource Development Inc (NASDAQ:CDEV) opened at $18.34 on Wednesday. Centennial Resource Development Inc has a 52-week low of $14.10 and a 52-week high of $22.14. The stock has a market capitalization of $4,987.84, a P/E ratio of 64.54, a PEG ratio of 0.61 and a beta of 1.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01.
About Centennial Resource Development
Centennial Resource Development, Inc is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.
Want to see what other hedge funds are holding CDEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centennial Resource Development Inc (NASDAQ:CDEV).
Receive News & Ratings for Centennial Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centennial Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.