California Public Employees Retirement System reduced its stake in CARBO Ceramics Inc. (NYSE:CRR) by 12.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 240,413 shares of the oil and gas company’s stock after selling 33,892 shares during the quarter. California Public Employees Retirement System owned 0.89% of CARBO Ceramics worth $2,447,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in CARBO Ceramics by 70.0% in the 3rd quarter. Wells Fargo & Company MN now owns 879,216 shares of the oil and gas company’s stock valued at $7,588,000 after acquiring an additional 362,028 shares during the period. Old West Investment Management LLC raised its stake in CARBO Ceramics by 399.5% in the 3rd quarter. Old West Investment Management LLC now owns 266,200 shares of the oil and gas company’s stock valued at $2,297,000 after acquiring an additional 212,911 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in CARBO Ceramics by 127.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 304,353 shares of the oil and gas company’s stock valued at $2,627,000 after acquiring an additional 170,289 shares during the period. Schwab Charles Investment Management Inc. raised its stake in CARBO Ceramics by 37.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 483,019 shares of the oil and gas company’s stock valued at $4,169,000 after acquiring an additional 131,139 shares during the period. Finally, Royce & Associates LP raised its stake in CARBO Ceramics by 53.2% in the 3rd quarter. Royce & Associates LP now owns 254,148 shares of the oil and gas company’s stock valued at $2,193,000 after acquiring an additional 88,248 shares during the period. 69.56% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

A number of equities research analysts recently issued reports on CRR shares. Zacks Investment Research cut CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Cowen set a $8.00 price objective on CARBO Ceramics and gave the company a “hold” rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.65.

Shares of CARBO Ceramics stock opened at $8.72 on Thursday. CARBO Ceramics Inc. has a 52 week low of $5.83 and a 52 week high of $13.70. The stock has a market capitalization of $204.34, a PE ratio of -1.83 and a beta of 1.78. The company has a quick ratio of 2.75, a current ratio of 4.61 and a debt-to-equity ratio of 0.22.

CARBO Ceramics (NYSE:CRR) last announced its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.02). CARBO Ceramics had a negative net margin of 67.47% and a negative return on equity of 20.27%. The company had revenue of $60.34 million for the quarter, compared to the consensus estimate of $56.87 million. During the same quarter in the prior year, the company earned ($0.35) earnings per share. The company’s quarterly revenue was up 107.4% on a year-over-year basis. equities analysts anticipate that CARBO Ceramics Inc. will post -1.67 earnings per share for the current fiscal year.

WARNING: “CARBO Ceramics Inc. (CRR) Shares Sold by California Public Employees Retirement System” was originally published by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.watchlistnews.com/carbo-ceramics-inc-crr-shares-sold-by-california-public-employees-retirement-system/1955457.html.

CARBO Ceramics Company Profile

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

Institutional Ownership by Quarter for CARBO Ceramics (NYSE:CRR)

Receive News & Ratings for CARBO Ceramics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CARBO Ceramics and related companies with MarketBeat.com's FREE daily email newsletter.