Schwab Charles Investment Management Inc. Grows Holdings in Keane Group, Inc. (FRAC)

Schwab Charles Investment Management Inc. raised its stake in Keane Group, Inc. (NYSE:FRAC) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,483 shares of the company’s stock after purchasing an additional 5,432 shares during the period. Schwab Charles Investment Management Inc. owned 0.11% of Keane Group worth $1,843,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Keane Group in the third quarter valued at $121,000. Legal & General Group Plc increased its holdings in shares of Keane Group by 64.2% in the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after purchasing an additional 2,985 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Keane Group by 566.6% in the third quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock valued at $183,000 after purchasing an additional 9,326 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of Keane Group in the second quarter valued at $179,000. Finally, Voya Investment Management LLC acquired a new position in shares of Keane Group in the second quarter valued at $240,000. Hedge funds and other institutional investors own 38.30% of the company’s stock.

Keane Group, Inc. (FRAC) opened at $17.80 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41. Keane Group, Inc. has a one year low of $12.42 and a one year high of $22.93.

Keane Group (NYSE:FRAC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.12). Keane Group had a negative net margin of 9.90% and a negative return on equity of 19.19%. The business had revenue of $477.30 million during the quarter, compared to analyst estimates of $493.40 million. The business’s revenue was up 47.7% compared to the same quarter last year. equities research analysts expect that Keane Group, Inc. will post 0.07 EPS for the current year.

Several equities analysts have commented on FRAC shares. BidaskClub upgraded shares of Keane Group from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, October 4th. Jefferies Group started coverage on shares of Keane Group in a report on Thursday, October 5th. They issued a “buy” rating and a $20.00 price objective on the stock. Citigroup set a $18.00 price objective on shares of Keane Group and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, Barclays began coverage on shares of Keane Group in a research note on Friday, October 6th. They issued an “underweight” rating and a $16.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.20.

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Keane Group Company Profile

Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.

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

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