New York State Teachers Retirement System Has $887,000 Stake in ProPetro Holding Corp. (NYSE:PUMP)

New York State Teachers Retirement System decreased its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 8.3% during the 4th quarter, HoldingsChannel reports. The fund owned 95,121 shares of the company’s stock after selling 8,594 shares during the period. New York State Teachers Retirement System’s holdings in ProPetro were worth $887,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PUMP. GAMMA Investing LLC boosted its holdings in shares of ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after acquiring an additional 1,225 shares in the last quarter. CWM LLC boosted its holdings in shares of ProPetro by 17.2% during the 3rd quarter. CWM LLC now owns 8,624 shares of the company’s stock valued at $66,000 after acquiring an additional 1,267 shares in the last quarter. KBC Group NV boosted its holdings in shares of ProPetro by 90.5% during the 4th quarter. KBC Group NV now owns 8,045 shares of the company’s stock valued at $75,000 after acquiring an additional 3,821 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ProPetro during the 3rd quarter valued at $77,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of ProPetro during the 3rd quarter valued at $134,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Stock Up 0.9 %

Shares of NYSE:PUMP opened at $9.12 on Monday. The firm has a market cap of $938.21 million, a P/E ratio of -6.80 and a beta of 1.98. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a 12-month low of $6.53 and a 12-month high of $11.17. The business has a fifty day simple moving average of $9.50 and a 200 day simple moving average of $8.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PUMP shares. Citigroup raised their price objective on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research report on Thursday. Finally, Stifel Nicolaus raised their target price on ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

ProPetro Company 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.