Swiss National Bank held its stake in Carbo Ceramics Inc. (NYSE:CRR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,650 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.17% of Carbo Ceramics worth $519,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised 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 valued at $140,000 after buying an additional 4,001 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Carbo Ceramics by 29.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,291 shares of the company’s stock valued at $274,000 after buying an additional 4,403 shares during the period. Wedge Capital Management L L P NC raised its stake in Carbo Ceramics by 55.7% in the second quarter. Wedge Capital Management L L P NC now owns 26,567 shares of the company’s stock valued at $348,000 after buying an additional 9,508 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Carbo Ceramics during the first quarter valued at $548,000. Finally, Prudential Financial Inc. raised its stake in Carbo Ceramics by 17.5% in the first quarter. Prudential Financial Inc. now owns 56,977 shares of the company’s stock valued at $810,000 after buying an additional 8,500 shares during the period. Institutional investors own 92.38% of the company’s stock.
Shares of Carbo Ceramics Inc. (NYSE:CRR) traded down 2.10% during midday trading on Friday, reaching $10.71. 336,929 shares of the company’s stock traded hands. Carbo Ceramics Inc. has a 52-week low of $9.48 and a 52-week high of $24.20. The company has a 50 day moving average of $11.57 and a 200 day moving average of $13.06. The firm’s market cap is $251.66 million.
Carbo Ceramics (NYSE:CRR) last posted its earnings results on Thursday, July 28th. The company reported ($0.88) earnings per share for the quarter, topping the Zacks’ consensus estimate 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 had revenue of $20.70 million for the quarter, compared to analyst estimates of $24.70 million. During the same period in the previous year, the firm posted ($0.41) EPS. The company’s revenue for the quarter was down 71.8% compared to the same quarter last year. On average, equities analysts predict that Carbo Ceramics Inc. will post ($3.24) EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $16.53.
About Carbo Ceramics
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.
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