ProFrac (NASDAQ:ACDC) Major Shareholder Holdings Lp Thrc Purchases 212,650 Shares

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Holdings Lp Thrc acquired 212,650 shares of the company’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $4.74 per share, with a total value of $1,007,961.00. Following the acquisition, the insider owned 83,421,658 shares in the company, valued at approximately $395,418,658.92. This trade represents a 0.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Holdings Lp Thrc also recently made the following trade(s):

• On Tuesday, August 25th, Holdings Lp Thrc acquired 30,820 shares of ProFrac stock. The stock was acquired at an average price of $4.81 per share, for a total transaction of $148,244.20.
• On Monday, August 24th, Holdings Lp Thrc bought 363,757 shares of ProFrac stock. The shares were acquired at an average cost of $4.70 per share, for a total transaction of $1,709,657.90.

ProFrac Price Performance

ACDC opened at $4.62 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.59 and a current ratio of 0.84. The stock has a market capitalization of $841.39 million, a PE ratio of -1.98 and a beta of 1.46. The stock’s 50 day moving average price is $4.94 and its 200-day moving average price is $5.89. ProFrac Holding Corp. has a 52-week low of $3.08 and a 52-week high of $8.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACDC. EverSource Wealth Advisors LLC grew its stake in ProFrac by 7,241.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock worth $27,000 after purchasing an additional 3,476 shares during the period. Raymond James Financial Inc. bought a new position in ProFrac in the second quarter worth $29,000. BNP Paribas Financial Markets lifted its position in ProFrac by 389.4% during the second quarter. BNP Paribas Financial Markets now owns 6,122 shares of the company’s stock valued at $48,000 after buying an additional 4,871 shares during the period. Tower Research Capital LLC TRC lifted its position in ProFrac by 822.3% during the second quarter. Tower Research Capital LLC TRC now owns 11,234 shares of the company’s stock valued at $87,000 after buying an additional 10,016 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in ProFrac during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 12.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of ProFrac from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, August 20th. Piper Sandler raised their target price on shares of ProFrac from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. Finally, Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $5.25.

Key Headlines Impacting ProFrac

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Holdings LP THRC reported matching purchases of 607,227 shares over the same three dates, spending approximately $2.87 million and raising its reported ownership to more than 83.8 million shares. Repeated open-market buying by holders with substantial existing stakes may support investor confidence in ProFrac’s valuation and outlook. SEC Form 4 filing for Holdings LP THRC
• Neutral Sentiment: Reported purchases were made at prices between $4.70 and $4.81 per share, close to the stock’s recent trading range. The filings indicate conviction from major shareholders, but they do not provide new information about revenue, earnings, debt, or operating conditions.
• Neutral Sentiment: A separate report listed ProFrac’s short interest at zero shares as of August 25, unchanged from August 10, with a zero-day short-interest ratio. Because the report also showed an invalid percentage change (“NaN”), the figures may reflect incomplete or unreliable data and offer limited insight into trading pressure.

About ProFrac

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.