Foresters Investment Management Company Inc. Has $5.07 Million Stake in Keane Group Inc (FRAC)

Foresters Investment Management Company Inc. grew its stake in shares of Keane Group Inc (NYSE:FRAC) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 619,800 shares of the company’s stock after acquiring an additional 44,100 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Keane Group were worth $5,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Keane Group during the fourth quarter valued at $69,000. Great West Life Assurance Co. Can lifted its holdings in shares of Keane Group by 169.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,892 shares of the company’s stock valued at $70,000 after purchasing an additional 5,592 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Keane Group during the fourth quarter valued at $103,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Keane Group during the fourth quarter valued at $108,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Keane Group during the third quarter valued at $151,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. R. F. Lafferty reaffirmed a “buy” rating and set a $26.00 target price on shares of Keane Group in a report on Tuesday, February 26th. Piper Jaffray Companies set a $17.00 target price on Keane Group and gave the company a “buy” rating in a report on Tuesday, March 5th. Jefferies Financial Group downgraded Keane Group from a “buy” rating to a “hold” rating and set a $9.37 target price for the company. in a report on Thursday, January 10th. TheStreet downgraded Keane Group from a “c-” rating to a “d+” rating in a report on Monday, December 10th. Finally, Goldman Sachs Group assumed coverage on Keane Group in a report on Sunday, March 10th. They set a “neutral” rating and a $12.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Keane Group presently has a consensus rating of “Buy” and an average target price of $16.41.

Shares of Keane Group stock opened at $10.00 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 10.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.34. Keane Group Inc has a 1 year low of $7.44 and a 1 year high of $16.97.

In related news, CFO Gregory Powell sold 43,271 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.57, for a total value of $457,374.47. Following the completion of the sale, the chief financial officer now directly owns 215,874 shares of the company’s stock, valued at approximately $2,281,788.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Paul M. Jr. Debonis sold 38,358 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.54, for a total value of $404,293.32. Following the completion of the sale, the chairman now directly owns 105,156 shares of the company’s stock, valued at $1,108,344.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,933 shares of company stock valued at $1,977,199. Company insiders own 0.64% of the company’s stock.

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Keane Group Company Profile

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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Institutional Ownership by Quarter for Keane Group (NYSE:FRAC)

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