Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of Keane Group Inc (NYSE:FRAC) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,092,740 shares of the company’s stock after selling 26,685 shares during the period. Cramer Rosenthal Mcglynn LLC owned 1.04% of Keane Group worth $7,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FRAC. Envestnet Asset Management Inc. bought a new stake in shares of Keane Group during the second quarter valued at approximately $68,000. Aperio Group LLC acquired a new position in shares of Keane Group during the second quarter valued at approximately $81,000. Bbva USA Bancshares Inc. increased its stake in shares of Keane Group by 22.6% during the second quarter. Bbva USA Bancshares Inc. now owns 18,425 shares of the company’s stock valued at $124,000 after acquiring an additional 3,400 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Keane Group during the second quarter valued at approximately $125,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Keane Group by 933.5% during the first quarter. BNP Paribas Arbitrage SA now owns 11,585 shares of the company’s stock valued at $126,000 after acquiring an additional 10,464 shares during the period. 90.09% of the stock is currently owned by institutional investors.

Keane Group stock traded up $0.13 during mid-day trading on Friday, hitting $6.27. The company’s stock had a trading volume of 1,885,140 shares, compared to its average volume of 1,408,933. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $653.00 million, a P/E ratio of 6.82 and a beta of 1.35. Keane Group Inc has a twelve month low of $4.69 and a twelve month high of $13.91. The stock’s fifty day moving average price is $5.40 and its two-hundred day moving average price is $8.17.

Keane Group (NYSE:FRAC) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. The firm had revenue of $427.70 million for the quarter, compared to analyst estimates of $413.63 million. Keane Group had a net margin of 0.53% and a return on equity of 7.21%. The firm’s quarterly revenue was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts expect that Keane Group Inc will post -0.12 earnings per share for the current year.

FRAC has been the topic of a number of research analyst reports. Wells Fargo & Co lowered their price objective on shares of Keane Group from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday. Zacks Investment Research lowered shares of Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. R. F. Lafferty lowered shares of Keane Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $12.00 in a research note on Monday, September 9th. Citigroup lowered shares of Keane Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $12.00 in a research note on Monday, September 9th. Finally, TheStreet lowered shares of Keane Group from a “c-” rating to a “d+” rating in a research note on Monday, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $13.45.

About Keane Group

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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Institutional Ownership by Quarter for Keane Group (NYSE:FRAC)

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