Fmr Llc built an about 14.3% stake in CARBO Ceramics Inc. (CRR)

CARBO Ceramics Inc. (NYSE:CRR) is now up 62.95% compared to a 12-month low of $5.83. We have seen the price to move -5.94% lower and get settled at $9.5 on 12/06/2017. At recent session, it appeared stuck in a range of $9.3 to $10. This company shares are -6.74% up from its target price of $8.86 and the current market capitalization stands at $248.81M. The recent change has given its price a 12.8% lead over SMA 50 and -43.11% deficit over its 52-week high. The stock witnessed 8.94% gains, 29.25% gains and 38.08% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CRR’s volatility during a week at 5.48% and during a month it has been found around 6.83%.

CARBO Ceramics Inc. (CRR) Top Holders

Institutional investors currently hold around $207 million or 86.5% in CRR stock. Look at its top three institutional owners. Fmr Llc owns $35.58 million in CARBO Ceramics Inc., which represents roughly 14.3% of the company’s market cap and approximately 17.19% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 2,777,043 shares of the stock are valued at $28.05 million. The third largest holder is Vanguard Group Inc, which currently holds $12.43 million worth of this stock and that ownership represents nearly 4.99% of its market capitalization.

CARBO Ceramics Inc. 13F Filings

At the end of 09/30/2017 reporting period, 68 institutional holders increased their position in CARBO Ceramics Inc. (NYSE:CRR) by some 2,609,501 shares, 48 decreased positions by 1,845,005 and 24 held positions by 16,081,226. That puts total institutional holdings at 20,535,732 shares, according to SEC filings. The stock grabbed 20 new institutional investments totaling 960,078 shares while 15 institutional investors sold out their entire positions totaling 541,797 shares.

CARBO Ceramics Inc. (NYSE:CRR) Insider Trades

Multiple company employees have indulged in significant insider trading. CARBO Ceramics Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Vice President Conkle Don P has acquired 8,000 shares of CARBO Ceramics Inc. (CRR) in trading session dated May. 03, 2017. These shares are worth $50,640 and were traded at $6.33 each. The SEC filing shows that Bautista Ernesto Iii performed a purchase of 5,000 shares. The Vice President and CFO added these shares by way of transaction on May. 03, 2017. The company’s shares were assimilated at $6.38 per share worth to an investment of some $31,900 on account of Bautista Ernesto Iii.

President and CEO, Kolstad Gary A, purchased 20,000 common shares of CARBO Ceramics Inc. (CRR) in the open market. In a transaction dated May. 03, 2017, the shares were bought at an average price of $6.37, giving away a sum of $127,400. After this purchase, 278,135 common shares of CRR are directly owned by the insider, with total stake valued at $2,642,283.

In the transaction dated Nov. 07, 2016, the great number of shares acquired came courtesy the Vice President & Gen. Counsel; Bakht John R added a total of 3,000 shares at an average price of $6.33, amounting to approximately $18,990. The insider now directly owns 35,135 shares worth $333,783.

CARBO Ceramics Inc. (CRR) Analyst Guide

Several analysts have released their opinion on CARBO Ceramics Inc. (NYSE:CRR), with 1 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.88 average brokerage recommendation.

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