17,740 Shares in Carbo Ceramics, Inc. (NYSE:CRR) Acquired by KCG Holdings Inc.

KCG Holdings Inc. purchased a new position in Carbo Ceramics, Inc. (NYSE:CRR) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,740 shares of the oil and gas company’s stock, valued at approximately $231,000. KCG Holdings Inc. owned 0.07% of Carbo Ceramics at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Creative Planning raised its position in Carbo Ceramics by 70.2% in the first quarter. Creative Planning now owns 8,488 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 3,502 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Carbo Ceramics during the fourth quarter valued at $117,000. Arizona State Retirement System boosted its stake in shares of Carbo Ceramics by 1.8% in the first quarter. Arizona State Retirement System now owns 11,014 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 200 shares during the last quarter. AXA purchased a new stake in shares of Carbo Ceramics during the first quarter valued at $156,000. Finally, Thrivent Financial For Lutherans boosted its stake in Carbo Ceramics by 7.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,980 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 830 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors.

Carbo Ceramics, Inc. (NYSE CRR) opened at 6.36 on Friday. The company has a 50 day moving average of $6.81 and a 200-day moving average of $9.50. The stock’s market cap is $172.65 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 issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.93) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by $0.07. Carbo Ceramics had a negative net margin of 72.46% and a negative return on equity of 12.72%. The company had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $36.50 million. During the same quarter in the prior year, the company earned ($0.88) earnings per share. The firm’s revenue was up 111.0% compared to the same quarter last year. Equities analysts forecast that Carbo Ceramics, Inc. will post ($3.61) earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Scotiabank set a $12.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, July 28th. Piper Jaffray Companies set a $9.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley restated an “underweight” rating and set a $5.00 price objective (down from $7.50) on shares of Carbo Ceramics in a research note on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.06.

About Carbo Ceramics

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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