Tieton Capital Management LLC lessened its position in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,866 shares of the oil and gas company’s stock after selling 8,115 shares during the period. Carbo Ceramics accounts for 1.5% of Tieton Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Tieton Capital Management LLC owned about 0.74% of Carbo Ceramics worth $1,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRR. Ameriprise Financial Inc. lifted its position in shares of Carbo Ceramics by 34.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 548,679 shares of the oil and gas company’s stock valued at $3,780,000 after buying an additional 140,807 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Carbo Ceramics by 62.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 361,011 shares of the oil and gas company’s stock valued at $4,708,000 after buying an additional 138,831 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Carbo Ceramics during the 2nd quarter valued at $678,000. Van ECK Associates Corp lifted its position in shares of Carbo Ceramics by 35.8% during the 3rd quarter. Van ECK Associates Corp now owns 329,922 shares of the oil and gas company’s stock valued at $2,847,000 after buying an additional 86,951 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Carbo Ceramics during the 3rd quarter valued at $686,000. 72.40% of the stock is currently owned by hedge funds and other institutional investors.

Carbo Ceramics, Inc. (NYSE CRR) traded up $0.44 during trading hours on Monday, hitting $10.66. The company had a trading volume of 579,800 shares, compared to its average volume of 955,256. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.31 and a current ratio of 5.74. Carbo Ceramics, Inc. has a 12 month low of $5.83 and a 12 month high of $16.70.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.16). Carbo Ceramics had a negative net margin of 79.49% and a negative return on equity of 16.48%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $46.98 million. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. The business’s revenue for the quarter was up 148.5% compared to the same quarter last year. research analysts forecast that Carbo Ceramics, Inc. will post -3.74 earnings per share for the current year.

CRR has been the topic of a number of recent research reports. ValuEngine cut Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Carbo Ceramics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Scotiabank set a $12.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Cowen Inc set a $11.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Carbo Ceramics presently has an average rating of “Hold” and an average price target of $10.75.

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Carbo Ceramics 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.

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

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