Holdings Lp Thrc Purchases 212,650 Shares of ProFrac (NASDAQ:ACDC) Stock

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Holdings Lp Thrc bought 212,650 shares of ProFrac stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of $4.74 per share, with a total value of $1,007,961.00. Following the completion of the acquisition, the insider directly owned 83,421,658 shares of the company’s stock, valued at approximately $395,418,658.92. The trade was a 0.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings Lp Thrc also recently made the following trade(s):

• On Tuesday, August 25th, Holdings Lp Thrc purchased 30,820 shares of ProFrac stock. The shares were bought at an average cost of $4.81 per share, for a total transaction of $148,244.20.
• On Monday, August 24th, Holdings Lp Thrc purchased 363,757 shares of ProFrac stock. The stock was bought at an average price of $4.70 per share, for a total transaction of $1,709,657.90.

ProFrac Stock Performance

Shares of ACDC stock opened at $5.26 on Friday. The stock’s 50-day moving average price is $4.92 and its 200 day moving average price is $5.88. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $957.97 million, a PE ratio of -2.26 and a beta of 1.46. ProFrac Holding Corp. has a 52-week low of $3.08 and a 52-week high of $8.22.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACDC shares. Morgan Stanley cut their price target on ProFrac from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Thursday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. Piper Sandler upped their price objective on shares of ProFrac from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a research note on Sunday, August 23rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.25.

Institutional Trading of ProFrac

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of ProFrac by 7,241.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock valued at $27,000 after buying an additional 3,476 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ProFrac in the second quarter worth $29,000. Caitong International Asset Management Co. Ltd purchased a new position in ProFrac in the third quarter worth $45,000. Price T Rowe Associates Inc. MD acquired a new stake in ProFrac in the fourth quarter valued at $46,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in ProFrac in the fourth quarter valued at $47,000. 12.75% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting ProFrac

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased a combined 607,227 ACDC shares on August 21, 24, and 25 for approximately $2.87 million, at prices ranging from $4.70 to $4.81. The purchases increased his stake to more than 88 million shares and may signal confidence that ProFrac is undervalued. Insider buying report
• Positive Sentiment: THRC Holdings LP reported matching purchases of 607,227 shares over the same period, also totaling approximately $2.87 million. Buying by major holders can provide a supportive ownership signal, though it does not immediately improve ProFrac’s earnings, liquidity, or balance sheet. SEC Form 4 filing
• Neutral Sentiment: Institutional ownership is relatively limited at 12.75%, although several investment firms recently initiated or expanded small positions. These changes suggest some investor interest but are unlikely to be a major near-term catalyst.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley lowered its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded ACDC from “hold” to “sell.” The consensus rating is “Reduce,” with an average target of $5.25. ProFrac analyst and insider coverage
• Negative Sentiment: ProFrac continues to trade below its 50-day and 200-day moving averages. Its negative P/E ratio, current ratio below 1, quick ratio of 0.59, and debt-to-equity ratio of 1.42 point to ongoing profitability, liquidity, and leverage risks.

About ProFrac

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.