Metropolitan Life Insurance Co. NY Buys 14,266 Shares of Keane Group Inc (FRAC)

Metropolitan Life Insurance Co. NY raised its holdings in shares of Keane Group Inc (NYSE:FRAC) by 365.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,173 shares of the company’s stock after buying an additional 14,266 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Keane Group were worth $149,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in Keane Group in the fourth quarter worth $69,000. Great West Life Assurance Co. Can lifted its stake 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 acquiring an additional 5,592 shares during the period. Prudential Financial Inc. acquired a new position in shares of Keane Group during the fourth quarter valued at $103,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Keane Group during the fourth quarter valued at $108,000. Finally, Martingale Asset Management L P acquired a new position in shares of Keane Group during the third quarter valued at $169,000. Institutional investors own 90.71% of the company’s stock.

In related news, Chairman Paul M. Jr. Debonis sold 38,358 shares of Keane Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $10.54, for a total transaction 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 approximately $1,108,344.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James Carl Stewart sold 108,304 shares of Keane Group stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $10.30, for a total value of $1,115,531.20. Following the sale, the insider now directly owns 260,027 shares of the company’s stock, valued at $2,678,278.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,933 shares of company stock valued at $1,977,199. Insiders own 0.51% of the company’s stock.

FRAC stock traded down $0.03 during mid-day trading on Friday, reaching $9.50. The company had a trading volume of 1,264,971 shares, compared to its average volume of 722,316. The company has a quick ratio of 1.34, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market cap of $999.36 million, a price-to-earnings ratio of 10.33 and a beta of 1.12. Keane Group Inc has a 52 week low of $7.44 and a 52 week high of $16.95.

Keane Group (NYSE:FRAC) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.02. The firm had revenue of $421.70 million during the quarter, compared to the consensus estimate of $412.79 million. Keane Group had a return on equity of 13.57% and a net margin of 2.24%. The business’s revenue was down 17.8% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. On average, equities research analysts anticipate that Keane Group Inc will post -0.13 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. ValuEngine lowered Keane Group from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. TheStreet raised Keane Group from a “d+” rating to a “c-” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised Keane Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, March 15th. Zacks Investment Research lowered Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Goldman Sachs Group started coverage on Keane Group in a research note on Sunday, March 10th. They issued a “neutral” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Keane Group currently has an average rating of “Buy” and an average target price of $16.62.

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Keane Group 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. 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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