CARBO Ceramics Inc. (NYSE:CRR) Major Shareholder William C. Morris Sells 83,247 Shares

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CARBO Ceramics Inc. (NYSE:CRR) major shareholder William C. Morris sold 83,247 shares of CARBO Ceramics stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $0.54, for a total value of $44,953.38. Following the sale, the insider now owns 2,744,996 shares in the company, valued at $1,482,297.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of CRR traded up $0.02 during mid-day trading on Thursday, hitting $0.46. The stock had a trading volume of 5,873 shares, compared to its average volume of 412,454. The company has a market cap of $14.64 million, a PE ratio of -0.17 and a beta of 1.63. The company’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $1.62. The company has a quick ratio of 1.47, a current ratio of 2.66 and a debt-to-equity ratio of 0.39. CARBO Ceramics Inc. has a fifty-two week low of $0.43 and a fifty-two week high of $5.32.

CARBO Ceramics (NYSE:CRR) last issued its earnings results on Friday, November 8th. The oil and gas company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.53). The firm had revenue of $43.50 million during the quarter, compared to analyst estimates of $45.88 million. CARBO Ceramics had a negative return on equity of 22.15% and a negative net margin of 46.99%. CARBO Ceramics’s revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.62) EPS. Equities analysts expect that CARBO Ceramics Inc. will post -2.22 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in CARBO Ceramics by 266.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,333 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 7,513 shares during the period. Greatmark Investment Partners Inc. boosted its position in CARBO Ceramics by 109.9% during the 3rd quarter. Greatmark Investment Partners Inc. now owns 30,125 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 15,775 shares during the period. D. E. Shaw & Co. Inc. boosted its position in CARBO Ceramics by 1.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,022,932 shares of the oil and gas company’s stock valued at $1,381,000 after purchasing an additional 17,184 shares during the period. Tieton Capital Management LLC boosted its position in CARBO Ceramics by 6.3% during the 2nd quarter. Tieton Capital Management LLC now owns 351,451 shares of the oil and gas company’s stock valued at $474,000 after purchasing an additional 20,940 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in CARBO Ceramics during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 59.63% of the company’s stock.

Several research firms have issued reports on CRR. Zacks Investment Research upgraded CARBO Ceramics from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Piper Jaffray Companies set a $1.00 target price on CARBO Ceramics and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine upgraded CARBO Ceramics from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

About CARBO Ceramics

CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, industrial, and environmental markets worldwide. It operates through two segments, Oilfield and Industrial Technologies and Services, and Environmental Technologies and Services. The Oilfield and Industrial Technologies and Services segment manufactures and sells oilfield ceramic technology products, base ceramic proppants, and frac sand proppants to pressure pumping companies, and oil and gas operators for use in the hydraulic fracturing of natural gas and oil wells.

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