Creative Planning raised its stake in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 101.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,106 shares of the oil and gas company’s stock after buying an additional 8,618 shares during the period. Creative Planning owned about 0.06% of Carbo Ceramics worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in shares of Carbo Ceramics by 13.9% in the first quarter. Public Employees Retirement System of Ohio now owns 9,786 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 1,196 shares during the period. Arizona State Retirement System raised its stake in shares of Carbo Ceramics by 1.8% in the first quarter. Arizona State Retirement System now owns 11,014 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 200 shares during the period. AXA acquired a new stake in shares of Carbo Ceramics during the first quarter valued at about $156,000. Thrivent Financial For Lutherans raised its stake in shares of Carbo Ceramics by 7.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,980 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 830 shares during the period. Finally, Comerica Bank raised its stake in shares of Carbo Ceramics by 5.1% in the first quarter. Comerica Bank now owns 23,353 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 1,137 shares during the period. Institutional investors own 82.46% of the company’s stock.

Carbo Ceramics, Inc. (NYSE:CRR) traded down 3.77% during trading on Wednesday, hitting $6.13. 221,238 shares of the company’s stock were exchanged. The firm’s market cap is $166.41 million. The company’s 50-day moving average price is $6.86 and its 200 day moving average price is $9.60. Carbo Ceramics, Inc. has a 12-month low of $5.66 and a 12-month high of $16.70.

Carbo Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by $0.07. The firm had revenue of $43.57 million for the quarter, compared to analyst estimates of $36.50 million. Carbo Ceramics had a negative return on equity of 12.72% and a negative net margin of 72.46%. Carbo Ceramics’s revenue for the quarter was up 111.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.88) EPS. Equities analysts forecast that Carbo Ceramics, Inc. will post ($3.61) earnings per share for the current fiscal year.

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Several brokerages recently issued reports on CRR. Morgan Stanley restated an “underweight” rating and set a $5.00 target price (down from $7.50) on shares of Carbo Ceramics in a research report on Wednesday, June 21st. ValuEngine upgraded shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Cowen and Company cut their target price on shares of Carbo Ceramics from $15.00 to $10.50 and set a “market perform” rating for the company in a research report on Wednesday, May 10th. Zacks Investment Research lowered shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.06.

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.

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

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