Los Angeles Capital Management LLC Trims Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Los Angeles Capital Management LLC reduced its stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 61.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,516 shares of the company's stock after selling 64,073 shares during the quarter. Los Angeles Capital Management LLC owned about 0.18% of Ranger Energy Services worth $627,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP lifted its position in shares of Ranger Energy Services by 391.4% during the 3rd quarter. GSA Capital Partners LLP now owns 118,744 shares of the company's stock valued at $1,414,000 after acquiring an additional 94,580 shares during the period. Royce & Associates LP grew its position in Ranger Energy Services by 5.9% during the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company's stock worth $11,696,000 after acquiring an additional 54,737 shares during the last quarter. Empowered Funds LLC increased its holdings in Ranger Energy Services by 15.0% in the 3rd quarter. Empowered Funds LLC now owns 124,244 shares of the company's stock worth $1,480,000 after purchasing an additional 16,178 shares in the last quarter. Quest Partners LLC raised its position in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company's stock valued at $44,000 after purchasing an additional 723 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Ranger Energy Services by 10.1% during the third quarter. Foundry Partners LLC now owns 450,897 shares of the company's stock valued at $5,370,000 after purchasing an additional 41,321 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Price Performance

NYSE RNGR traded down $0.27 during trading hours on Tuesday, reaching $15.89. The company's stock had a trading volume of 171,329 shares, compared to its average volume of 114,133. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The stock has a market cap of $353.36 million, a P/E ratio of 23.89 and a beta of 0.55. The firm has a fifty day simple moving average of $16.71 and a 200-day simple moving average of $14.64.

Insider Activity

In related news, Director Brett T. Agee sold 21,729 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.82, for a total value of $343,752.78. Following the completion of the transaction, the director now directly owns 2,010,135 shares of the company's stock, valued at approximately $31,800,335.70. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 126,337 shares of company stock worth $2,047,139 over the last three months. 3.00% of the stock is currently owned by insiders.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.