Tudor Investment Corp ET AL Invests $2.38 Million in ProFrac Holding Corp. $ACDC

Key Points

• Tudor Investment Corp ET AL purchased 642,513 shares of ProFrac Holding Corp (NASDAQ:ACDC) in Q3, a new stake worth about $2.38 million, and institutional investors now own roughly 12.75% of the company.
• ProFrac reported Q results with EPS of ($0.51) vs. ($0.44) expected (a miss) while revenue beat at $436.5 million; the company shows a negative net margin (−18.97%), negative ROE (−33.18%) and a debt/equity ratio of 1.08.
• Analysts hold mixed views—one Buy, three Hold and three Sell—with a consensus rating of "Reduce" and a consensus price target of $5.63.

Tudor Investment Corp ET AL bought a new stake in ProFrac Holding Corp. (NASDAQ:ACDC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 642,513 shares of the company's stock, valued at approximately $2,377,000. Tudor Investment Corp ET AL owned approximately 0.36% of ProFrac as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ACDC. EverSource Wealth Advisors LLC lifted its holdings in ProFrac by 7,241.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company's stock worth $27,000 after buying an additional 3,476 shares during the last quarter. Raymond James Financial Inc. bought a new position in ProFrac during the 2nd quarter worth approximately $29,000. BNP Paribas Financial Markets lifted its holdings in ProFrac by 389.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,122 shares of the company's stock worth $48,000 after buying an additional 4,871 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in ProFrac by 822.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,234 shares of the company's stock worth $87,000 after buying an additional 10,016 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in ProFrac during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 12.75% of the company's stock.

ProFrac Stock Performance

Shares of ProFrac stock opened at $5.88 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of -2.67 and a beta of 1.44. The business has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $4.73. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.08. ProFrac Holding Corp. has a 12 month low of $3.08 and a 12 month high of $10.70.

ProFrac (NASDAQ:ACDC - Get Free Report) last released its quarterly earnings data on Friday, March 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.07). The firm had revenue of $436.50 million for the quarter, compared to analyst estimates of $402.95 million. ProFrac had a negative net margin of 18.97% and a negative return on equity of 33.18%. On average, sell-side analysts anticipate that ProFrac Holding Corp. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACDC has been the topic of a number of research reports. UBS Group reiterated a "positive" rating on shares of ProFrac in a research report on Thursday, March 12th. Zacks Research upgraded ProFrac from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 21st. Morgan Stanley increased their price target on ProFrac from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 24th. Weiss Ratings reiterated a "sell (d-)" rating on shares of ProFrac in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded ProFrac from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $5.63.

ProFrac Company 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. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.

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