New York State Teachers Retirement System Sells 8,594 Shares of ProPetro Holding Corp. (NYSE:PUMP)

New York State Teachers Retirement System lessened its stake in shares of ProPetro Holding Corp. (NYSE:PUMP) by 8.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,121 shares of the company’s stock after selling 8,594 shares during the period. New York State Teachers Retirement System owned about 0.09% of ProPetro worth $887,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in ProPetro by 38.0% during the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock worth $41,000 after buying an additional 1,225 shares during the last quarter. CWM LLC increased its position in ProPetro by 17.2% during the third quarter. CWM LLC now owns 8,624 shares of the company’s stock worth $66,000 after buying an additional 1,267 shares during the last quarter. KBC Group NV increased its position in ProPetro by 90.5% during the fourth quarter. KBC Group NV now owns 8,045 shares of the company’s stock worth $75,000 after buying an additional 3,821 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in ProPetro during the third quarter worth approximately $77,000. Finally, Quantinno Capital Management LP acquired a new position in ProPetro during the third quarter worth approximately $134,000. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

ProPetro stock opened at $9.12 on Monday. ProPetro Holding Corp. has a 12 month low of $6.53 and a 12 month high of $11.17. The stock’s 50 day moving average is $9.50 and its 200-day moving average is $8.53. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $938.21 million, a price-to-earnings ratio of -6.80 and a beta of 1.98.

Analysts Set New Price Targets

PUMP has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Citigroup upped their target price on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, ProPetro presently has a consensus rating of “Hold” and an average price target of $11.00.

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.