Keane Group Inc (FRAC) Holdings Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Keane Group Inc (NYSE:FRAC) by 33.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,385,338 shares of the company’s stock after selling 1,691,489 shares during the quarter. Janus Henderson Group PLC’s holdings in Keane Group were worth $41,877,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FRAC. Meeder Asset Management Inc. lifted its holdings in Keane Group by 439.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,996 shares of the company’s stock worth $109,000 after buying an additional 6,515 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Keane Group in the 2nd quarter worth $140,000. Verition Fund Management LLC acquired a new position in Keane Group in the 2nd quarter worth $148,000. Creative Planning acquired a new position in Keane Group in the 2nd quarter worth $198,000. Finally, Gradient Investments LLC acquired a new position in Keane Group in the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Shares of NYSE:FRAC opened at $11.12 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. Keane Group Inc has a fifty-two week low of $10.12 and a fifty-two week high of $19.83. The stock has a market cap of $1.18 billion, a P/E ratio of 69.50, a price-to-earnings-growth ratio of 0.42 and a beta of -0.55.

Keane Group (NYSE:FRAC) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Keane Group had a net margin of 4.51% and a return on equity of 25.19%. The business had revenue of $558.91 million during the quarter, compared to the consensus estimate of $545.56 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities analysts expect that Keane Group Inc will post 0.67 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on FRAC shares. Zacks Investment Research lowered shares of Keane Group from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. JPMorgan Chase & Co. upped their target price on shares of Keane Group from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Stifel Nicolaus started coverage on shares of Keane Group in a research note on Monday, September 10th. They issued a “buy” rating and a $16.00 target price on the stock. ValuEngine lowered shares of Keane Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. Finally, Bank of America started coverage on shares of Keane Group in a research note on Wednesday, October 17th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the stock. Keane Group has an average rating of “Buy” and a consensus target price of $19.79.

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Keane Group Profile

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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Institutional Ownership by Quarter for Keane Group (NYSE:FRAC)

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