ProFrac Holding Corp. (NASDAQ:ACDC – Get Free Report) major shareholder Holdings Lp Thrc bought 363,757 shares of the company’s stock in a transaction on Monday, August 24th. The stock was purchased at an average cost of $4.70 per share, for a total transaction of $1,709,657.90. Following the completion of the transaction, the insider owned 83,785,415 shares in the company, valued at approximately $393,791,450.50. The trade was a 0.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Holdings Lp Thrc also recently made the following trade(s):
- On Tuesday, August 25th, Holdings Lp Thrc purchased 30,820 shares of ProFrac stock. The shares were purchased at an average cost of $4.81 per share, with a total value of $148,244.20.
- On Friday, August 21st, Holdings Lp Thrc purchased 212,650 shares of ProFrac stock. The shares were purchased at an average price of $4.74 per share, with a total value of $1,007,961.00.
ProFrac Stock Down 1.1%
Shares of ProFrac stock opened at $4.62 on Thursday. The firm has a market cap of $841.39 million, a price-to-earnings ratio of -1.98 and a beta of 1.46. The stock has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $5.89. ProFrac Holding Corp. has a 52-week low of $3.08 and a 52-week high of $8.22. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.59.
Key ProFrac News
- Positive Sentiment: Major shareholder Holdings LP THRC reported matching purchases of 607,227 shares over the same three dates, spending approximately $2.87 million and raising its reported ownership to more than 83.8 million shares. Repeated open-market buying by holders with substantial existing stakes may support investor confidence in ProFrac’s valuation and outlook. SEC Form 4 filing for Holdings LP THRC
- Neutral Sentiment: Reported purchases were made at prices between $4.70 and $4.81 per share, close to the stock’s recent trading range. The filings indicate conviction from major shareholders, but they do not provide new information about revenue, earnings, debt, or operating conditions.
- Neutral Sentiment: A separate report listed ProFrac’s short interest at zero shares as of August 25, unchanged from August 10, with a zero-day short-interest ratio. Because the report also showed an invalid percentage change (“NaN”), the figures may reflect incomplete or unreliable data and offer limited insight into trading pressure.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its stake in ProFrac by 1,862.8% in the 3rd quarter. UBS Group AG now owns 705,568 shares of the company’s stock valued at $2,611,000 after buying an additional 669,621 shares during the last quarter. AQR Capital Management LLC lifted its position in ProFrac by 61.7% during the 4th quarter. AQR Capital Management LLC now owns 1,638,822 shares of the company’s stock worth $6,375,000 after acquiring an additional 625,596 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in ProFrac by 27.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,484,760 shares of the company’s stock worth $5,494,000 after acquiring an additional 322,860 shares during the last quarter. HRT Financial LP boosted its holdings in ProFrac by 409.5% during the fourth quarter. HRT Financial LP now owns 382,837 shares of the company’s stock valued at $1,489,000 after acquiring an additional 307,696 shares during the period. Finally, Walleye Capital LLC boosted its holdings in ProFrac by 328.6% during the first quarter. Walleye Capital LLC now owns 347,911 shares of the company’s stock valued at $2,157,000 after acquiring an additional 266,742 shares during the period. 12.75% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have commented on ACDC shares. Morgan Stanley decreased their target price on shares of ProFrac from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Thursday, August 20th. Piper Sandler raised their price target on shares of ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. Finally, Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a report on Sunday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $5.25.
Get Our Latest Stock Report on ACDC
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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