New York State Common Retirement Fund lessened its stake in Keane Group Inc (NYSE:FRAC) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 571,261 shares of the company’s stock after selling 8,300 shares during the period. New York State Common Retirement Fund’s holdings in Keane Group were worth $4,673,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FRAC. Bank of New York Mellon Corp increased its holdings in shares of Keane Group by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 345,458 shares of the company’s stock worth $4,723,000 after buying an additional 6,062 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Keane Group by 19.7% during the third quarter. First Trust Advisors LP now owns 125,494 shares of the company’s stock worth $1,552,000 after buying an additional 20,681 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Keane Group by 52.4% during the third quarter. Russell Investments Group Ltd. now owns 96,065 shares of the company’s stock worth $1,189,000 after buying an additional 33,010 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Keane Group by 6.3% during the third quarter. American Century Companies Inc. now owns 340,163 shares of the company’s stock worth $4,208,000 after buying an additional 20,299 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Keane Group during the third quarter worth $641,000. 91.84% of the stock is currently owned by institutional investors.

Shares of Keane Group stock opened at $9.80 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. Keane Group Inc has a twelve month low of $7.44 and a twelve month high of $16.97. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.65 and a beta of 1.17.

In related news, CFO Gregory Powell sold 43,271 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $10.57, for a total value of $457,374.47. Following the sale, the chief financial officer now owns 215,874 shares of the company’s stock, valued at $2,281,788.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Paul M. Jr. Debonis sold 38,358 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,108,344.24. The disclosure for this sale can be found here. In the last three months, insiders sold 189,933 shares of company stock worth $1,977,199. 0.64% of the stock is currently owned by insiders.

Several research analysts have recently issued reports on the stock. R. F. Lafferty reiterated a “buy” rating and set a $26.00 price target on shares of Keane Group in a report on Tuesday, February 26th. Citigroup lowered their price target on shares of Keane Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, March 5th. Piper Jaffray Companies set a $17.00 price target on shares of Keane Group and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Jefferies Financial Group upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday. One investment 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. The stock has an average rating of “Buy” and a consensus price target of $16.62.

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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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