Carbo Ceramics Inc (NYSE:CRR) Institutional Investors Sentiment Index Dive in 2017 Q4

May 16, 2018 - By Ellis Scott

CARBO Ceramics Inc. (NYSE:CRR) Logo

Sentiment for Carbo Ceramics Inc (NYSE:CRR)

Carbo Ceramics Inc (NYSE:CRR) institutional sentiment decreased to 0.91 in Q4 2017. Its down -0.59, from 1.5 in 2017Q3. The ratio has worsened, as 50 active investment managers increased and started new stock positions, while 55 trimmed and sold holdings in Carbo Ceramics Inc. The active investment managers in our partner’s database now possess: 18.69 million shares, down from 19.94 million shares in 2017Q3. Also, the number of active investment managers holding Carbo Ceramics Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 15 Reduced: 40 Increased: 33 New Position: 17.

CARBO Ceramics Inc., a technology company, provides services and products to the gas and oil and industrial markets worldwide. The company has market cap of $315.25 million. The firm provides engineered solutions in its Design, Build, and Optimize the Frac technology businesses, delivering value to E&P operators by increasing well production and estimated ultimate recovery. It currently has negative earnings. It produces ceramic proppant; provides fracture simulation software; has proprietary technology that provides fracture diagnostics and production assurance; and offers consulting services for fracture design and completion optimization.

The stock increased 5.02% or $0.55 during the last trading session, reaching $11.5. About 234,333 shares traded. CARBO Ceramics Inc. (NYSE:CRR) has declined 36.43% since May 16, 2017 and is downtrending. It has underperformed by 47.98% the S&P500.

Analysts await CARBO Ceramics Inc. (NYSE:CRR) to report earnings on July, 26. They expect $-0.54 EPS, up 41.94 % or $0.39 from last year’s $-0.93 per share. After $-0.83 actual EPS reported by CARBO Ceramics Inc. for the previous quarter, Wall Street now forecasts -34.94 % EPS growth.

Tieton Capital Management Llc holds 2.85% of its portfolio in CARBO Ceramics Inc. for 326,026 shares. Old West Investment Management Llc owns 369,245 shares or 2.14% of their US portfolio. Moreover, Prescott Group Capital Management L.L.C. has 0.94% invested in the company for 444,329 shares. The Louisiana-based Diversified Investment Strategies Llc has invested 0.8% in the stock. Sprott Inc., a Ontario – Canada-based fund reported 170,000 shares.

Since January 1, 0001, it had 3 insider purchases, and 0 sales for $138,270 activity.

CARBO Ceramics Inc. (NYSE:CRR) Ratings Coverage

Ratings analysis reveals 0 of Carbo Ceramics’s analysts are positive. Out of 3 Wall Street analysts rating Carbo Ceramics, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $700 while the high is $8.0. The stock’s average target of $7.08 is -38.43% below today’s ($11.5) share price. CRR was included in 4 notes of analysts from January 29, 2018. The rating was downgraded by Evercore to “In-Line” on Monday, January 29. Piper Jaffray maintained it with “Hold” rating and $7.1500 target in Monday, April 2 report. As per Thursday, March 15, the company rating was maintained by Cowen & Co. As per Friday, April 13, the company rating was maintained by Cowen & Co.

Another recent and important CARBO Ceramics Inc. (NYSE:CRR) news was published by Seekingalpha.com which published an article titled: “Carbo Ceramics: Strategy Change” on May 16, 2018.

CARBO Ceramics Inc. (NYSE:CRR) Institutional Positions Chart

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