Ancora Advisors LLC boosted its holdings in CARBO Ceramics Inc. (NYSE:CRR) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,534 shares of the oil and gas company’s stock after purchasing an additional 29,444 shares during the quarter. Ancora Advisors LLC owned about 0.72% of CARBO Ceramics worth $1,454,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its position in CARBO Ceramics by 4.0% in the 2nd quarter. FMR LLC now owns 3,672,467 shares of the oil and gas company’s stock valued at $33,676,000 after purchasing an additional 140,400 shares during the last quarter. BlackRock Inc. raised its position in CARBO Ceramics by 0.4% in the 3rd quarter. BlackRock Inc. now owns 2,972,190 shares of the oil and gas company’s stock valued at $21,546,000 after purchasing an additional 10,621 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in CARBO Ceramics by 1.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 517,254 shares of the oil and gas company’s stock valued at $4,744,000 after purchasing an additional 6,944 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in CARBO Ceramics in the 2nd quarter valued at $3,554,000. Finally, Bank of New York Mellon Corp raised its position in CARBO Ceramics by 14.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,321 shares of the oil and gas company’s stock valued at $2,039,000 after purchasing an additional 35,094 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.
Shares of CRR opened at $4.58 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.87 and a current ratio of 3.07. The firm has a market capitalization of $126.98 million, a price-to-earnings ratio of -1.21 and a beta of 1.56. CARBO Ceramics Inc. has a 1 year low of $4.20 and a 1 year high of $12.69.
CARBO Ceramics (NYSE:CRR) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.24). The firm had revenue of $53.82 million during the quarter, compared to analyst estimates of $66.76 million. CARBO Ceramics had a negative net margin of 32.14% and a negative return on equity of 18.72%. As a group, equities research analysts expect that CARBO Ceramics Inc. will post -2.31 EPS for the current year.
CRR has been the subject of several research reports. Zacks Investment Research downgraded shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. ValuEngine upgraded shares of CARBO Ceramics from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, Piper Jaffray Companies set a $9.00 price target on shares of CARBO Ceramics and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. CARBO Ceramics has a consensus rating of “Hold” and an average price target of $8.00.
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CARBO Ceramics Company Profile
CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, and industrial markets worldwide. The company operates in two segments, Oilfield Technologies and Services, and Environmental Products and Services. The Oilfield Technologies and Services segment manufactures and sells ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells to pressure pumping companies; produces ceramic pellets for use in various industrial technology applications, such as casting and milling; and provides technology to design, build, and optimize the Frac.
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