Schroder Investment Management Group Has $6.45 Million Position in Carbo Ceramics, Inc. (CRR)

Schroder Investment Management Group reduced its position in Carbo Ceramics, Inc. (NYSE:CRR) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 941,177 shares of the oil and gas company’s stock after selling 41,200 shares during the period. Schroder Investment Management Group owned about 3.47% of Carbo Ceramics worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Carbo Ceramics by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,689,537 shares of the oil and gas company’s stock worth $22,031,000 after acquiring an additional 24,051 shares during the period. Wells Fargo & Company MN raised its position in Carbo Ceramics by 4.4% during the first quarter. Wells Fargo & Company MN now owns 1,017,803 shares of the oil and gas company’s stock worth $13,272,000 after acquiring an additional 43,149 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in Carbo Ceramics during the second quarter worth $6,768,000. Dimensional Fund Advisors LP raised its position in Carbo Ceramics by 62.5% during the first quarter. Dimensional Fund Advisors LP now owns 361,011 shares of the oil and gas company’s stock worth $4,708,000 after acquiring an additional 138,831 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Carbo Ceramics by 17.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 351,880 shares of the oil and gas company’s stock worth $2,411,000 after acquiring an additional 51,198 shares during the period. Hedge funds and other institutional investors own 72.19% of the company’s stock.

Shares of Carbo Ceramics, Inc. (CRR) opened at 7.58 on Tuesday. The stock’s 50 day moving average is $6.87 and its 200 day moving average is $8.27. The firm’s market cap is $205.77 million. Carbo Ceramics, Inc. has a 12 month low of $5.66 and a 12 month high of $16.70.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.93) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.07). The company had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $36.50 million. Carbo Ceramics had a negative return on equity of 12.72% and a negative net margin of 72.46%. The firm’s revenue was up 111.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.88) EPS. On average, analysts anticipate that Carbo Ceramics, Inc. will post ($3.63) earnings per share for the current fiscal year.

A number of research firms have weighed in on CRR. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine lowered shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Scotiabank set a $12.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a report on Friday, July 28th. Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $5.00 target price (down previously from $7.50) on shares of Carbo Ceramics in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.06.

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Carbo Ceramics Profile

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

Institutional Ownership by Quarter for Carbo Ceramics (NYSE:CRR)

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