Schroder Investment Management Group Decreases Holdings in CARBO Ceramics Inc. (CRR)

Schroder Investment Management Group reduced its stake in CARBO Ceramics Inc. (NYSE:CRR) by 29.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 541,677 shares of the oil and gas company’s stock after selling 223,800 shares during the period. Schroder Investment Management Group owned 1.95% of CARBO Ceramics worth $4,967,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of CARBO Ceramics by 4.0% in the second quarter. FMR LLC now owns 3,672,467 shares of the oil and gas company’s stock valued at $33,676,000 after acquiring an additional 140,400 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of CARBO Ceramics in the second quarter valued at about $1,850,000. Northern Trust Corp grew its stake in shares of CARBO Ceramics by 3.4% in the first quarter. Northern Trust Corp now owns 278,858 shares of the oil and gas company’s stock valued at $2,022,000 after acquiring an additional 9,218 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of CARBO Ceramics by 1.4% in the second 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 acquiring an additional 6,944 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of CARBO Ceramics in the first quarter valued at about $224,000. Hedge funds and other institutional investors own 81.27% of the company’s stock.

CRR opened at $5.89 on Friday. CARBO Ceramics Inc. has a twelve month low of $5.77 and a twelve month high of $12.69. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.16.

CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.02). CARBO Ceramics had a negative return on equity of 20.28% and a negative net margin of 49.19%. The firm had revenue of $58.00 million for the quarter, compared to the consensus estimate of $62.51 million. During the same period in the prior year, the company earned ($0.93) EPS. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, analysts forecast that CARBO Ceramics Inc. will post -1.97 EPS for the current fiscal year.

Several equities analysts recently commented on the stock. OTR Global downgraded shares of CARBO Ceramics to an “underperform” rating in a research note on Tuesday, July 24th. ValuEngine downgraded shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Piper Jaffray Companies set a $9.00 price target on shares of CARBO Ceramics and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $9.33.

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

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