Fisher Asset Management LLC lowered its stake in ProPetro Holding Corp. (NYSE:PUMP – Free Report) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,551,124 shares of the company’s stock after selling 42,417 shares during the period. Fisher Asset Management LLC’s holdings in ProPetro were worth $12,998,000 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 increased its stake in ProPetro by 47.1% in the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock worth $66,000 after purchasing an additional 2,542 shares during the period. Versor Investments LP bought a new position in shares of ProPetro in the third quarter worth approximately $129,000. AXQ Capital LP purchased a new position in shares of ProPetro in the third quarter worth $132,000. Cable Hill Partners LLC bought a new stake in ProPetro during the 3rd quarter valued at $143,000. Finally, SG Americas Securities LLC purchased a new stake in ProPetro during the 3rd quarter valued at $145,000. Institutional investors own 84.70% of the company’s stock.
ProPetro Stock Up 1.4 %
Shares of NYSE PUMP opened at $9.29 on Monday. The firm has a fifty day simple moving average of $8.06 and a two-hundred day simple moving average of $8.48. The firm has a market capitalization of $994.40 million, a PE ratio of 13.87 and a beta of 2.09. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.05. ProPetro Holding Corp. has a 12 month low of $6.33 and a 12 month high of $11.37.
Wall Street Analysts Forecast Growth
PUMP has been the topic of a number of analyst reports. TheStreet cut shares of ProPetro from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research report on Thursday.
Get Our Latest Stock Report on ProPetro
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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