Cerity Partners LLC Sells 24,417 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Cerity Partners LLC lessened its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 611,662 shares of the company’s stock after selling 24,417 shares during the quarter. Cerity Partners LLC’s holdings in ProPetro were worth $5,126,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Tectonic Advisors LLC raised its stake in shares of ProPetro by 64.9% during the 4th quarter. Tectonic Advisors LLC now owns 118,708 shares of the company’s stock worth $995,000 after acquiring an additional 46,708 shares in the last quarter. SG Americas Securities LLC grew its position in ProPetro by 753.7% during the 4th quarter. SG Americas Securities LLC now owns 116,142 shares of the company’s stock worth $973,000 after purchasing an additional 102,537 shares during the last quarter. Wellington Management Group LLP grew its position in ProPetro by 6.4% during the 3rd quarter. Wellington Management Group LLP now owns 700,366 shares of the company’s stock worth $7,445,000 after purchasing an additional 42,383 shares during the last quarter. American Century Companies Inc. grew its position in ProPetro by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 1,387,406 shares of the company’s stock worth $14,748,000 after purchasing an additional 163,363 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in ProPetro during the 3rd quarter worth approximately $314,000. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Benchmark downgraded shares of ProPetro from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. TheStreet downgraded shares of ProPetro from a “b-” rating to a “c+” rating in a research report on Monday, January 8th.

ProPetro Stock Down 2.2 %

PUMP stock opened at $8.16 on Wednesday. The firm’s fifty day simple moving average is $7.83 and its 200-day simple moving average is $8.62. The company has a market capitalization of $877.77 million, a P/E ratio of 11.03 and a beta of 2.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.15 and a quick ratio of 1.08. ProPetro Holding Corp. has a 12 month low of $6.33 and a 12 month high of $11.37.

ProPetro (NYSE:PUMP) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.24). The business had revenue of $347.80 million during the quarter, compared to analysts’ expectations of $351.50 million. ProPetro had a net margin of 5.25% and a return on equity of 10.26%. The firm’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. As a group, equities research analysts forecast that ProPetro Holding Corp. will post 0.48 earnings per share for the current year.

About ProPetro

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.