Cramer Rosenthal Mcglynn LLC raised its position in shares of Keane Group Inc (NYSE:FRAC) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,113,500 shares of the company’s stock after purchasing an additional 145,125 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 1.00% of Keane Group worth $21,168,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors raised its position in Keane Group by 243.6% during the 3rd quarter. Nationwide Fund Advisors now owns 114,849 shares of the company’s stock valued at $1,916,000 after purchasing an additional 81,419 shares in the last quarter. Gagnon Securities LLC raised its position in shares of Keane Group by 21.0% in the 3rd quarter. Gagnon Securities LLC now owns 41,279 shares of the company’s stock worth $689,000 after acquiring an additional 7,162 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Keane Group by 152.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 351,005 shares of the company’s stock worth $5,858,000 after acquiring an additional 211,839 shares in the last quarter. Creative Planning raised its position in shares of Keane Group by 45.6% in the 4th quarter. Creative Planning now owns 110,075 shares of the company’s stock worth $2,093,000 after acquiring an additional 34,480 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Keane Group in the 3rd quarter worth $2,707,000. 34.12% of the stock is owned by institutional investors and hedge funds.
Keane Group Inc (FRAC) opened at $16.27 on Wednesday. Keane Group Inc has a one year low of $12.42 and a one year high of $19.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.55. The firm has a market capitalization of $1,930.59, a price-to-earnings ratio of -42.82, a P/E/G ratio of 0.32 and a beta of -0.70.
In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $18.25, for a total transaction of $36,468,281.50. Following the sale, the insider now owns 58,917,686 shares in the company, valued at approximately $1,075,247,769.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elmer Dale Reed sold 6,941 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $15.89, for a total value of $110,292.49. Following the sale, the director now owns 24,308 shares in the company, valued at approximately $386,254.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,326,956 shares of company stock worth $279,700,566.
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Keane Group Profile
Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.
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