Stanley Laman Group Ltd. lessened its stake in ProPetro Holding Corp. (NYSE:PUMP – Free Report) by 2.8% in the fourth quarter, HoldingsChannel reports. The fund owned 236,783 shares of the company’s stock after selling 6,834 shares during the period. Stanley Laman Group Ltd.’s holdings in ProPetro were worth $1,984,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of ProPetro by 47.1% in the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after acquiring an additional 2,542 shares during the last quarter. Versor Investments LP bought a new position in ProPetro during the 3rd quarter valued at approximately $129,000. AXQ Capital LP bought a new position in ProPetro during the 3rd quarter valued at approximately $132,000. Cable Hill Partners LLC bought a new position in ProPetro during the 3rd quarter valued at approximately $143,000. Finally, SG Americas Securities LLC bought a new position in ProPetro during the 3rd quarter valued at approximately $145,000. Institutional investors own 84.70% of the company’s stock.
ProPetro Stock Up 2.7 %
Shares of PUMP stock traded up $0.24 during midday trading on Friday, reaching $8.98. 935,971 shares of the stock were exchanged, compared to its average volume of 1,527,451. ProPetro Holding Corp. has a 1 year low of $6.33 and a 1 year high of $11.37. The company’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.56. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05. The firm has a market cap of $965.98 million, a PE ratio of 11.81 and a beta of 2.13.
Wall Street Analyst Weigh In
PUMP has been the subject of a number of recent analyst reports. TheStreet lowered ProPetro from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Benchmark downgraded ProPetro from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th.
Get Our Latest Research Report on PUMP
ProPetro Company Profile
ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.
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