Jump Financial LLC Decreases Holdings in ProPetro Holding Corp. (NYSE:PUMP)

Jump Financial LLC lessened its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,051 shares of the company's stock after selling 54,438 shares during the period. Jump Financial LLC owned 0.12% of ProPetro worth $1,157,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PUMP. American Century Companies Inc. raised its position in shares of ProPetro by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,236,135 shares of the company's stock worth $30,193,000 after acquiring an additional 262,202 shares during the last quarter. Van ECK Associates Corp raised its stake in ProPetro by 57.3% during the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after buying an additional 556,747 shares during the last quarter. Royce & Associates LP boosted its position in ProPetro by 29.5% during the fourth quarter. Royce & Associates LP now owns 931,139 shares of the company's stock valued at $8,688,000 after acquiring an additional 212,312 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in ProPetro by 6.3% during the 4th quarter. Dana Investment Advisors Inc. now owns 796,775 shares of the company's stock worth $7,434,000 after acquiring an additional 47,194 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of ProPetro by 3.5% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 594,467 shares of the company's stock worth $5,546,000 after acquiring an additional 20,100 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Stock Up 2.1 %

NYSE PUMP traded up $0.11 on Friday, reaching $5.31. The company had a trading volume of 1,225,085 shares, compared to its average volume of 1,558,387. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $551.09 million, a P/E ratio of -3.96 and a beta of 1.58. The company's fifty day moving average is $6.73 and its 200 day moving average is $8.07. ProPetro Holding Corp. has a 52-week low of $4.61 and a 52-week high of $11.17.

Analyst Upgrades and Downgrades

PUMP has been the subject of several recent analyst reports. Citigroup raised their target price on ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Stifel Nicolaus raised their target price on ProPetro from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Barclays reduced their price objective on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, ProPetro currently has a consensus rating of "Hold" and an average price target of $10.75.

ProPetro Profile

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.