Cramer Rosenthal Mcglynn LLC boosted its holdings in Keane Group, Inc. (NYSE:FRAC) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 968,375 shares of the company’s stock after purchasing an additional 30,085 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.94% of Keane Group worth $16,152,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of FRAC. Legal & General Group Plc lifted its position in shares of Keane Group by 64.2% during the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after buying an additional 2,985 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Keane Group during the 3rd quarter valued at $121,000. Parametric Portfolio Associates LLC purchased a new position in shares of Keane Group during the 2nd quarter valued at $179,000. Advisors Asset Management Inc. lifted its position in shares of Keane Group by 566.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock valued at $183,000 after buying an additional 9,326 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its position in shares of Keane Group by 35.6% during the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after buying an additional 3,319 shares during the last quarter. 38.30% of the stock is currently owned by institutional investors and hedge funds.
FRAC has been the topic of a number of analyst reports. Citigroup lowered Keane Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. J P Morgan Chase & Co boosted their price objective on Keane Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 12th. BidaskClub upgraded Keane Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price objective on shares of Keane Group in a research note on Tuesday, September 19th. Finally, Zacks Investment Research upgraded Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Keane Group presently has a consensus rating of “Hold” and a consensus target price of $20.68.
Keane Group (NYSE:FRAC) last announced its earnings results on Wednesday, November 1st. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The business had revenue of $477.30 million during the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative return on equity of 19.19% and a negative net margin of 9.90%. The business’s quarterly revenue was up 47.7% on a year-over-year basis. research analysts forecast that Keane Group, Inc. will post 0.1 EPS for the current fiscal year.
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About Keane Group
Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.
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