Keane Group, Inc. (FRAC)’s -6.68% change took shares below their 200-day moving average

Keane Group, Inc. (NYSE:FRAC) went up to recover about 16.91% since recording its record low price of $12.42. The stock experienced -6.68% slump, arriving at $14.52 on 11/2/2017. During the day, the stock price traveled from $14.4 to $15.69. This company shares are 38.64% off its target price of $20.13 and the current market capitalization stands at $1.57B. The recent change has given its price a -2.55% deficit over SMA 50 and -36.68% deficit over its 52-week high. The stock witnessed -14.64% declines, -6.26% declines and 9.26% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FRAC’s volatility during a week at 5.19% and during a month it has been found around 4.25%.

Keane Group, Inc. (FRAC) Top Holders

Institutional investors currently hold around $724 million or 44.2% in FRAC stock. Look at its top three institutional owners. Janus Henderson Group Plc owns $66.13 million in Keane Group, Inc., which represents roughly 4.21% of the company’s market cap and approximately 9.13% of the institutional ownership. Similar statistics are true for the second largest owner, Perkins Investment Management, Llc, which owns 3,397,850 shares of the stock are valued at $52.87 million. The third largest holder is Millennium Management Llc, which currently holds $48.43 million worth of this stock and that ownership represents nearly 3.08% of its market capitalization.

Keane Group, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 73 institutional holders increased their position in Keane Group, Inc. (NYSE:FRAC) by some 18,129,997 shares, 55 decreased positions by 13,188,342 and 4 held positions by 15,217,601. That puts total institutional holdings at 46,535,940 shares, according to SEC filings. The stock grabbed 29 new institutional investments totaling 5,974,834 shares while 28 institutional investors sold out their entire positions totaling 6,657,798 shares.

Keane Group, Inc. (FRAC) Analyst Guide

Several analysts have released their opinion on Keane Group, Inc. (NYSE:FRAC), with 9 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.91 average brokerage recommendation.

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