10,174 Shares in ProFrac Holding Corp. (NASDAQ:ACDC) Acquired by Catalina Capital Group LLC

Catalina Capital Group LLC bought a new stake in ProFrac Holding Corp. (NASDAQ:ACDC) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 10,174 shares of the company’s stock, valued at approximately $79,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of ProFrac by 110.7% during the 4th quarter. GAMMA Investing LLC now owns 5,749 shares of the company’s stock valued at $45,000 after purchasing an additional 3,021 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of ProFrac in the fourth quarter worth about $57,000. Townsquare Capital LLC bought a new stake in shares of ProFrac during the 3rd quarter worth about $87,000. Quantinno Capital Management LP acquired a new position in shares of ProFrac during the 3rd quarter valued at about $100,000. Finally, SG Americas Securities LLC acquired a new position in shares of ProFrac during the 4th quarter valued at about $115,000. 12.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut ProFrac from a “neutral” rating to an “underweight” rating and set a $7.00 target price for the company. in a research report on Friday, December 6th. Morgan Stanley lowered shares of ProFrac from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $7.00 to $6.50 in a research note on Thursday, October 17th. Bank of America reissued a “hold” rating and set a $7.50 target price on shares of ProFrac in a research report on Monday, October 14th. Finally, Stifel Nicolaus lowered their price target on ProFrac from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.20.

ProFrac Price Performance

Shares of ProFrac stock opened at $7.69 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.62. The company has a market cap of $1.23 billion, a PE ratio of -5.45 and a beta of 1.19. The firm has a fifty day moving average price of $7.99 and a two-hundred day moving average price of $7.23. ProFrac Holding Corp. has a fifty-two week low of $5.16 and a fifty-two week high of $9.75.

ProFrac Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources.