Quantbot Technologies LP bought a new position in Carbo Ceramics Inc. (NYSE:CRR) during the third quarter, Holdings Channel reports. The fund bought 17,035 shares of the company’s stock, valued at approximately $186,000. Quantbot Technologies LP owned about 0.07% of Carbo Ceramics as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. 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 valued at $123,000 after buying an additional 3,100 shares during 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 valued at $134,000 after buying an additional 100 shares during 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 valued at $148,000 after buying an additional 235 shares during the last quarter. Palo Capital Inc. bought a new stake in Carbo Ceramics during the third quarter valued at about $149,000. Finally, Airain ltd bought a new stake in Carbo Ceramics during the second quarter valued at about $172,000. Institutional investors own 82.08% of the company’s stock.
Carbo Ceramics Inc. (NYSE:CRR) traded up 2.01% on Thursday, reaching $7.60. 534,781 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $8.60 and a 200-day moving average price of $11.66. The stock’s market capitalization is $204.46 million. Carbo Ceramics Inc. has a 52 week low of $5.66 and a 52 week high of $24.20.
Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.81) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by $0.07. Carbo Ceramics had a negative return on equity of 8.00% and a negative net margin of 87.92%. The company earned $20.20 million during the quarter, compared to analysts’ expectations of $26 million. During the same quarter in the prior year, the company posted ($0.60) EPS. The company’s revenue for the quarter was down 73.4% on a year-over-year basis. On average, analysts predict that Carbo Ceramics Inc. will post ($3.23) earnings per share for the current year.
Several equities research analysts have recently issued reports on CRR shares. Scotiabank reiterated a “sector perform” rating and set a $11.00 price objective (down previously from $15.00) on shares of Carbo Ceramics in a research report on Friday, October 28th. Zacks Investment Research upgraded shares of Carbo Ceramics from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, September 27th. Finally, Howard Weil reduced their price objective on shares of Carbo Ceramics from $15.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.28.
In other Carbo Ceramics news, insider Gary A. Kolstad bought 7,000 shares of Carbo Ceramics stock in a transaction dated Tuesday, November 1st. The stock was acquired at an average cost of $6.06 per share, with a total value of $42,420.00. Following the purchase, the insider now directly owns 216,138 shares in the company, valued at approximately $1,309,796.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary A. Kolstad bought 10,000 shares of Carbo Ceramics stock in a transaction dated Monday, October 31st. The shares were acquired at an average cost of $6.04 per share, with a total value of $60,400.00. Following the completion of the purchase, the insider now owns 209,138 shares in the company, valued at $1,263,193.52. The disclosure for this purchase can be found here. Insiders own 18.00% of the company’s stock.
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.