November 30, 2016 - By Hazel Jackson · 0 Comments
The stock of Carbo Ceramics Incorporated (NYSE:CRR) registered a decrease of 0.51% in short interest. CRR’s total short interest was 6.48 million shares in November as published by FINRA. Its down 0.51% from 6.51M shares, reported previously. With 1.45 million shares average volume, it will take short sellers 5 days to cover their CRR’s short positions. The short interest to Carbo Ceramics Incorporated’s float is 37.79%. About 455,881 shares traded hands. CARBO Ceramics Inc. (NYSE:CRR) has declined 57.49% since April 27, 2016 and is downtrending. It has underperformed by 62.72% the S&P500.
Carbo Ceramics Inc. is an oilfield services technology company. The company has a market cap of $205.87 million. The Firm supplies ceramic proppant. It currently has negative earnings. The Firm also sells sand and resin-coated proppants.
Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.78, from 0.91 in 2016Q1. The ratio improved, as 14 funds sold all CARBO Ceramics Inc. shares owned while 42 reduced positions. 14 funds bought stakes while 37 increased positions. They now own 20.99 million shares or 6.41% less from 22.43 million shares in 2016Q1.
The Pennsylvania-based Snow Capital Mngmt Lp has invested 0.31% in CARBO Ceramics Inc. (NYSE:CRR). South Dakota Investment Council last reported 0.04% of its portfolio in the stock. Diversified Inv Strategies accumulated 84,072 shares or 1.11% of the stock. Moreover, Blackrock Limited Liability Corporation has 0% invested in CARBO Ceramics Inc. (NYSE:CRR) for 131,944 shares. Glg Ptnrs L P holds 0.03% or 65,037 shares in its portfolio. Spot Trading accumulated 11,272 shares or 0% of the stock. Schwab Charles Investment Management has 0% invested in the company for 148,242 shares. Peak6 L P holds 6,151 shares or 0% of its portfolio. Goldman Sachs Grp has invested 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). Deere & Company owns 13,563 shares or 0.01% of their US portfolio. Manufacturers Life Insur The reported 13,836 shares or 0% of all its holdings. Rhumbline Advisers has invested 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). Teachers Retirement Sys Of The State Of Kentucky reported 6,600 shares or 0% of all its holdings. Dynamic Capital Management accumulated 73,976 shares or 0.11% of the stock. J Goldman Lp holds 0.09% or 129,800 shares in its portfolio.
Insider Transactions: Since October 31, 2016, the stock had 3 insider buys, and 0 sales for $98,226 net activity. Bakht John R had bought 3,000 shares worth $18,986. 3,000 shares with value of $18,840 were bought by Kolstad Gary A on Thursday, November 3.
Out of 6 analysts covering Carbo Ceramics Inc. (NYSE:CRR), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Carbo Ceramics Inc. has been the topic of 13 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, October 28 by Howard Weil. Howard Weil maintained the shares of CRR in a report on Tuesday, June 7 with “Sector Perform” rating. The company was maintained on Friday, October 30 by Cowen & Co. The company was initiated on Monday, December 14 by KLR Group. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. The firm earned “Sector Perform” rating on Friday, January 29 by Howard Weil. The rating was downgraded by Iberia Capital Partners on Monday, September 21 to “Underperform”. Howard Weil maintained CARBO Ceramics Inc. (NYSE:CRR) rating on Thursday, September 10. Howard Weil has “Sector Perform” rating and $28 price target.
Carbo Ceramics Inc., incorporated on June 23, 1987, is an oilfield services technology company. The Firm supplies ceramic proppant. The Firm also sells sand and resin-coated proppants. Additionally, the Company provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures.
More notable recent CARBO Ceramics Inc. (NYSE:CRR) news were published by: Seekingalpha.com which released: “Carbo Ceramics: Developing A Recovery Scenario” on November 29, 2016, also Fool.com with their article: “CARBO Ceramics Inc.’s Stock Gets Crushed After Reporting Atrocious Earnings” published on October 27, 2016, Fool.com published: “Cratering Earnings Cause CARBO Ceramics Inc.’s Stock to Slip” on April 28, 2016. More interesting news about CARBO Ceramics Inc. (NYSE:CRR) were released by: Reuters.com and their article: “BRIEF-Wilks Brothers LLC reports stake of 5.6 pct in Carbo Ceramics Inc as…” published on October 03, 2016 as well as Seekingalpha.com‘s news article titled: “CARBO Ceramics: Is The Final Nail In The Coffin?” with publication date: October 18, 2016.
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By Hazel Jackson