Disciplined Growth Investors Inc. MN cut its holdings in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,450 shares of the oil and gas company’s stock after selling 9,625 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 0.90% of Carbo Ceramics worth $2,110,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Old West Investment Management LLC lifted its stake in Carbo Ceramics by 399.5% during the third quarter. Old West Investment Management LLC now owns 266,200 shares of the oil and gas company’s stock valued at $2,297,000 after purchasing an additional 212,911 shares during the last quarter. Royce & Associates LP lifted its stake in Carbo Ceramics by 53.2% during the third quarter. Royce & Associates LP now owns 254,148 shares of the oil and gas company’s stock valued at $2,193,000 after purchasing an additional 88,248 shares during the last quarter. Stifel Financial Corp lifted its stake in Carbo Ceramics by 25.1% during the third quarter. Stifel Financial Corp now owns 93,020 shares of the oil and gas company’s stock valued at $802,000 after purchasing an additional 18,655 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Carbo Ceramics by 1,265.8% in the 3rd quarter. Pinebridge Investments L.P. now owns 38,105 shares of the oil and gas company’s stock valued at $329,000 after acquiring an additional 35,315 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Carbo Ceramics by 37.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 483,019 shares of the oil and gas company’s stock valued at $4,169,000 after acquiring an additional 131,139 shares in the last quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. ValuEngine downgraded shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Scotiabank set a $12.00 price target on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Cowen set a $11.00 price target on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Shares of Carbo Ceramics, Inc. (NYSE:CRR) opened at $10.14 on Tuesday. The company has a current ratio of 5.74, a quick ratio of 3.31 and a debt-to-equity ratio of 0.20. Carbo Ceramics, Inc. has a 12-month low of $5.83 and a 12-month high of $16.70.

Carbo Ceramics (NYSE:CRR) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.81) by ($0.16). The firm had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $46.98 million. Carbo Ceramics had a negative net margin of 79.49% and a negative return on equity of 16.48%. The firm’s revenue was up 148.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.49) EPS. sell-side analysts forecast that Carbo Ceramics, Inc. will post -3.85 EPS for the current fiscal year.

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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.

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

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