Marshall Wace LLP bought a new position in shares of Keane Group Inc (NYSE:FRAC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,911 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in Keane Group by 25.6% in the 2nd quarter. Macquarie Group Ltd. now owns 1,975,478 shares of the company’s stock valued at $27,005,000 after acquiring an additional 402,711 shares during the period. Bank of America Corp DE increased its position in Keane Group by 42.8% in the 2nd quarter. Bank of America Corp DE now owns 470,947 shares of the company’s stock valued at $6,438,000 after acquiring an additional 141,093 shares during the period. Feinberg Stephen increased its position in Keane Group by 1.2% in the 2nd quarter. Feinberg Stephen now owns 38,302,898 shares of the company’s stock valued at $507,893,000 after acquiring an additional 450,486 shares during the period. Tocqueville Asset Management L.P. increased its position in Keane Group by 57.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 169,935 shares of the company’s stock valued at $2,323,000 after acquiring an additional 61,895 shares during the period. Finally, BB&T Securities LLC acquired a new position in Keane Group in the 2nd quarter valued at about $695,000. Institutional investors and hedge funds own 86.98% of the company’s stock.

Several brokerages recently issued reports on FRAC. JPMorgan Chase & Co. dropped their price target on Keane Group from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. Stifel Nicolaus began coverage on Keane Group in a research report on Monday, September 10th. They issued a “buy” rating and a $16.00 price target on the stock. R. F. Lafferty dropped their price target on Keane Group from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, September 6th. Zacks Investment Research cut Keane Group from a “hold” rating to a “sell” rating in a research report on Monday, September 3rd. Finally, ValuEngine cut Keane Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.85.

Shares of FRAC opened at $12.56 on Monday. Keane Group Inc has a twelve month low of $10.12 and a twelve month high of $19.83. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.32 and a beta of -0.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.68.

Keane Group (NYSE:FRAC) last announced its quarterly earnings data on Monday, July 30th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. Keane Group had a return on equity of 20.43% and a net margin of 3.40%. The company had revenue of $578.50 million for the quarter, compared to analyst estimates of $558.88 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. analysts expect that Keane Group Inc will post 0.97 EPS for the current year.

Keane Group Profile

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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

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