Dan H Wilks recently stated that they own 5.6% of Carbo Ceramics Inc. (NYSE:CRR) in a Form 13D disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, October 3rd. The investor owns 1,305,677 shares of the stock valued at $14,284,106. The reporting parties listed on the disclosure included Dan H Wilks, Staci Wilks and Wilks Brothers, LLC. The disclosure is available through EDGAR at this link.
Several other hedge funds also recently made changes to their positions in CRR. Paradigm Asset Management Co. LLC boosted its stake in Carbo Ceramics by 49.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 9,400 shares of the company’s stock worth $123,000 after buying an additional 3,100 shares in the last quarter. Arizona State Retirement System boosted its stake in Carbo Ceramics by 1.0% in the second quarter. Arizona State Retirement System now owns 10,214 shares of the company’s stock worth $134,000 after buying an additional 100 shares in the last quarter. Royal Bank of Canada boosted its stake in Carbo Ceramics by 68.1% in the first quarter. Royal Bank of Canada now owns 9,873 shares of the company’s stock worth $140,000 after buying an additional 4,001 shares in the last quarter. US Bancorp DE boosted its stake in Carbo Ceramics by 2.1% in the second quarter. US Bancorp DE now owns 11,248 shares of the company’s stock worth $148,000 after buying an additional 235 shares in the last quarter. Finally, Airain ltd acquired a new stake in Carbo Ceramics during the second quarter worth $172,000. Institutional investors and hedge funds own 92.38% of the company’s stock.
Shares of Carbo Ceramics Inc. (NYSE:CRR) traded up 3.47% during trading on Monday, hitting $11.32. The company’s stock had a trading volume of 528,551 shares. The firm’s 50 day moving average price is $12.37 and its 200-day moving average price is $13.41. The company’s market cap is $266.00 million. Carbo Ceramics Inc. has a 52 week low of $9.48 and a 52 week high of $25.62.
Carbo Ceramics (NYSE:CRR) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.88) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.01. Carbo Ceramics had a negative net margin of 58.46% and a negative return on equity of 7.16%. The firm earned $20.70 million during the quarter, compared to analysts’ expectations of $24.70 million. During the same period in the prior year, the company earned ($0.41) EPS. The firm’s revenue was down 71.8% on a year-over-year basis. On average, analysts predict that Carbo Ceramics Inc. will post ($3.24) earnings per share for the current year.
A number of analysts have weighed in on CRR shares. Zacks Investment Research upgraded Carbo Ceramics from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. restated a “sell” rating and issued a $8.00 price target on shares of Carbo Ceramics in a research note on Wednesday, June 15th. Howard Weil cut their price target on Carbo Ceramics from $18.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 7th. Finally, Scotiabank restated a “sector perform” rating and issued a $15.00 price target (down from $18.00) on shares of Carbo Ceramics in a research note on Tuesday, June 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.53.
Carbo Ceramics Company Profile
Carbo Ceramics Inc is an oilfield services technology company. The Company supplies ceramic proppant. The Company also sells sand and resin-coated proppants. Additionally, it provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures.
Want to see what other hedge funds are holding CRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carbo Ceramics Inc. (NYSE:CRR).
Receive News & Ratings for Carbo Ceramics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbo Ceramics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.