Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of ProFrac Holding Corp. (NASDAQ:PFHC – Get Rating) by 50.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,791 shares of the company’s stock after selling 72,946 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of ProFrac worth $1,809,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Shell Asset Management Co. bought a new position in shares of ProFrac during the 4th quarter worth about $47,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of ProFrac during the 4th quarter worth about $55,000. Amalgamated Bank bought a new position in shares of ProFrac during the 3rd quarter worth about $36,000. Point72 Hong Kong Ltd bought a new stake in ProFrac in the second quarter valued at about $67,000. Finally, Alpha Paradigm Partners LLC bought a new stake in ProFrac in the third quarter valued at about $62,000. Institutional investors and hedge funds own 20.68% of the company’s stock.
ProFrac Trading Down 0.5 %
NASDAQ PFHC opened at $11.72 on Tuesday. The company’s 50-day simple moving average is $12.02 and its 200 day simple moving average is $18.48. ProFrac Holding Corp. has a twelve month low of $13.18 and a twelve month high of $23.62. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.63 and a quick ratio of 1.20.
ProFrac Company Profile
ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production.
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