Keane Group Inc (NYSE:FRAC) Director Elmer Dale Reed sold 6,941 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $15.89, for a total value of $110,292.49. Following the transaction, the director now directly owns 24,308 shares in the company, valued at approximately $386,254.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Keane Group Inc (NYSE FRAC) traded down $0.52 on Wednesday, reaching $15.75. The company had a trading volume of 1,447,290 shares, compared to its average volume of 1,734,879. The firm has a market capitalization of $1,830.00 and a PE ratio of -41.45. Keane Group Inc has a 52-week low of $12.42 and a 52-week high of $19.83. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Keane Group during the fourth quarter valued at $326,000. Macquarie Group Ltd. raised its holdings in Keane Group by 11.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,436,996 shares of the company’s stock valued at $27,317,000 after buying an additional 152,504 shares in the last quarter. PEAK6 Investments L.P. bought a new position in Keane Group during the fourth quarter valued at about $215,000. TIAA CREF Investment Management LLC raised its holdings in Keane Group by 2.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 215,463 shares of the company’s stock valued at $4,096,000 after buying an additional 5,553 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Keane Group by 6.3% during the fourth quarter. Teachers Advisors LLC now owns 202,543 shares of the company’s stock valued at $3,850,000 after buying an additional 11,977 shares in the last quarter. 34.12% of the stock is owned by hedge funds and other institutional investors.
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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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