California Public Employees Retirement System Has $2.45 Million Stake in CARBO Ceramics Inc. (CRR)

California Public Employees Retirement System cut its stake in shares of CARBO Ceramics Inc. (NYSE:CRR) by 12.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 240,413 shares of the oil and gas company’s stock after selling 33,892 shares during the period. California Public Employees Retirement System’s holdings in CARBO Ceramics were worth $2,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of CARBO Ceramics by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 362,236 shares of the oil and gas company’s stock valued at $2,481,000 after buying an additional 1,225 shares during the period. Royal Bank of Canada increased its position in shares of CARBO Ceramics by 12.4% in the second quarter. Royal Bank of Canada now owns 28,063 shares of the oil and gas company’s stock worth $192,000 after purchasing an additional 3,092 shares during the last quarter. EagleClaw Capital Managment LLC bought a new position in shares of CARBO Ceramics in the third quarter worth approximately $155,000. Stifel Financial Corp increased its position in shares of CARBO Ceramics by 25.1% in the third quarter. Stifel Financial Corp now owns 93,020 shares of the oil and gas company’s stock worth $802,000 after purchasing an additional 18,655 shares during the last quarter. Finally, State Street Corp increased its position in shares of CARBO Ceramics by 4.3% in the second quarter. State Street Corp now owns 501,406 shares of the oil and gas company’s stock worth $3,438,000 after purchasing an additional 20,824 shares during the last quarter. Hedge funds and other institutional investors own 69.56% of the company’s stock.

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CARBO Ceramics stock opened at $8.72 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.61 and a quick ratio of 2.75. The firm has a market cap of $204.34, a P/E ratio of -1.83 and a beta of 1.78. CARBO Ceramics Inc. has a 52-week low of $5.83 and a 52-week high of $13.70.

CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.02). The company had revenue of $60.34 million during the quarter, compared to the consensus estimate of $56.87 million. CARBO Ceramics had a negative return on equity of 20.27% and a negative net margin of 67.47%. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.35) earnings per share. analysts anticipate that CARBO Ceramics Inc. will post -1.67 EPS for the current year.

CRR has been the topic of several research analyst reports. Cowen set a $8.00 price objective on shares of CARBO Ceramics and gave the stock a “hold” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded shares of CARBO Ceramics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. CARBO Ceramics presently has an average rating of “Hold” and a consensus target price of $8.65.

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CARBO Ceramics Company Profile

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.

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Institutional Ownership by Quarter for CARBO Ceramics (NYSE:CRR)

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