SG Americas Securities LLC Purchases Shares of 101,595 ProPetro Holding Corp. (NYSE:PUMP)

SG Americas Securities LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,595 shares of the company's stock, valued at approximately $948,000. SG Americas Securities LLC owned approximately 0.10% of ProPetro as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of ProPetro by 84.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,221 shares of the company's stock worth $25,000 after buying an additional 1,473 shares in the last quarter. Quarry LP acquired a new stake in ProPetro in the second quarter valued at $40,000. nVerses Capital LLC boosted its position in shares of ProPetro by 226.3% during the 3rd quarter. nVerses Capital LLC now owns 6,200 shares of the company's stock worth $47,000 after purchasing an additional 4,300 shares in the last quarter. CWM LLC grew its stake in shares of ProPetro by 17.2% during the 3rd quarter. CWM LLC now owns 8,624 shares of the company's stock worth $66,000 after purchasing an additional 1,267 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ProPetro in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 84.70% of the company's stock.

ProPetro Price Performance

NYSE:PUMP traded down $0.31 during trading hours on Friday, reaching $8.89. 1,523,719 shares of the company traded hands, compared to its average volume of 1,376,745. ProPetro Holding Corp. has a 1-year low of $6.53 and a 1-year high of $11.17. The stock has a market cap of $915.05 million, a P/E ratio of -6.68 and a beta of 2.00. The firm's 50-day moving average is $9.41 and its 200-day moving average is $8.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.20 and a quick ratio of 1.14.

Insider Activity at ProPetro

In other ProPetro news, CFO David Scott Schorlemer acquired 4,500 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $6.86 per share, for a total transaction of $30,870.00. Following the completion of the acquisition, the chief financial officer now directly owns 112,992 shares of the company's stock, valued at $775,125.12. This trade represents a 4.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PUMP shares. JPMorgan Chase & Co. raised shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price objective on the stock in a report on Friday, December 6th. Barclays lowered their price target on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Stifel Nicolaus decreased their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Finally, Citigroup raised their price target on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.75.

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.