Cramer Rosenthal Mcglynn LLC grew its stake in Keane Group Inc (NYSE:FRAC) by 15.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,113,500 shares of the company’s stock after buying an additional 145,125 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Keane Group were worth $21,168,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. raised its holdings in Keane Group by 43.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,621,725 shares of the company’s stock worth $43,730,000 after purchasing an additional 794,625 shares during the period. Ninepoint Partners LP acquired a new position in Keane Group in the 3rd quarter worth about $12,927,000. State Street Corp raised its holdings in Keane Group by 153.4% in the 2nd quarter. State Street Corp now owns 1,111,267 shares of the company’s stock worth $17,782,000 after purchasing an additional 672,659 shares during the period. Encompass Capital Advisors LLC acquired a new position in Keane Group in the 4th quarter worth about $11,197,000. Finally, Emerald Advisers Inc. PA raised its holdings in Keane Group by 3,594.1% in the 4th quarter. Emerald Advisers Inc. PA now owns 553,346 shares of the company’s stock worth $10,519,000 after purchasing an additional 538,367 shares during the period. 34.12% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the company. Stephens assumed coverage on Keane Group in a report on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 price target for the company. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, January 8th. Piper Jaffray Companies set a $23.00 target price on Keane Group and gave the company a “buy” rating in a report on Monday, December 25th. Scotiabank raised Keane Group from a “sector perform” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, ValuEngine cut Keane Group from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $20.05.
Shares of Keane Group Inc (NYSE:FRAC) opened at $16.27 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.55 and a quick ratio of 1.42. The stock has a market capitalization of $1,930.59, a P/E ratio of -42.82, a PEG ratio of 0.32 and a beta of -0.70. Keane Group Inc has a 52-week low of $12.42 and a 52-week high of $19.83.
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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