Crestview Partners III GP L.P. Raises Stock Holdings in US Well Services Inc (NASDAQ:USWS)

Crestview Partners III GP L.P. boosted its holdings in shares of US Well Services Inc (NASDAQ:USWS) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,375,000 shares of the company’s stock after purchasing an additional 125,000 shares during the quarter. US Well Services comprises 26.7% of Crestview Partners III GP L.P.’s portfolio, making the stock its 2nd biggest holding. Crestview Partners III GP L.P. owned 0.30% of US Well Services worth $98,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its holdings in US Well Services by 477.7% during the 2nd quarter. BlackRock Inc. now owns 1,085,127 shares of the company’s stock valued at $5,230,000 after buying an additional 897,288 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in US Well Services by 164.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,659 shares of the company’s stock valued at $225,000 after buying an additional 29,000 shares in the last quarter. Wells Fargo & Company MN purchased a new position in US Well Services during the 2nd quarter valued at approximately $132,000. Shaolin Capital Management LLC purchased a new position in US Well Services during the 2nd quarter valued at approximately $121,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in US Well Services by 23.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 132,158 shares of the company’s stock valued at $638,000 after buying an additional 24,863 shares in the last quarter. 48.57% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on USWS shares. Johnson Rice started coverage on US Well Services in a report on Wednesday, June 12th. They set a “buy” rating and a $9.00 price target for the company. Seaport Global Securities started coverage on US Well Services in a report on Thursday, May 23rd. They set a “buy” rating and a $10.00 price target for the company. Finally, Zacks Investment Research cut US Well Services from a “hold” rating to a “sell” rating in a report on Saturday, July 13th.

NASDAQ USWS traded down $0.10 during trading on Friday, hitting $2.79. 2,219 shares of the stock traded hands, compared to its average volume of 54,351. The firm has a market capitalization of $194.89 million and a P/E ratio of -2.10. The company has a 50-day moving average of $2.87. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.34. US Well Services Inc has a 12-month low of $2.09 and a 12-month high of $11.12.

US Well Services (NASDAQ:USWS) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.13. The firm had revenue of $151.42 million for the quarter, compared to analysts’ expectations of $156.05 million.

About US Well Services

U.S. Well Services, Inc operates as an oilfield service company in the United States. It provides hydraulic fracturing services for the oil and natural gas exploration and production companies. The company is headquartered in Houston, Texas.

Featured Article: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding USWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Well Services Inc (NASDAQ:USWS).

Institutional Ownership by Quarter for US Well Services (NASDAQ:USWS)

Receive News & Ratings for US Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Well Services and related companies with MarketBeat.com's FREE daily email newsletter.