Holdings Lp Thrc Purchases 30,820 Shares of ProFrac (NASDAQ:ACDC) Stock

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Holdings Lp Thrc acquired 30,820 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $4.81 per share, with a total value of $148,244.20. Following the transaction, the insider owned 83,816,235 shares of the company’s stock, valued at approximately $403,156,090.35. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major 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 Monday, August 24th, Holdings Lp Thrc bought 363,757 shares of ProFrac stock. The stock was purchased at an average price of $4.70 per share, for a total transaction of $1,709,657.90.
• On Friday, August 21st, Holdings Lp Thrc purchased 212,650 shares of ProFrac stock. The shares were purchased at an average cost of $4.74 per share, with a total value of $1,007,961.00.

ProFrac Stock Performance

Shares of NASDAQ:ACDC opened at $5.26 on Friday. The firm has a market capitalization of $957.97 million, a PE ratio of -2.26 and a beta of 1.46. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.59. The business has a 50-day moving average of $4.92 and a two-hundred day moving average of $5.88. ProFrac Holding Corp. has a 12 month low of $3.08 and a 12 month high of $8.22.

Analyst Ratings Changes

A number of research firms recently issued reports on ACDC. Weiss Ratings reissued a “sell (d-)” rating on shares of ProFrac in a research report on Wednesday, June 24th. Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a research report on Sunday, August 23rd. Piper Sandler boosted their price objective on shares of ProFrac from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Morgan Stanley dropped their price objective 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. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of ProFrac by 7,241.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock valued at $27,000 after buying an additional 3,476 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ProFrac during the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets lifted its position in ProFrac by 389.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,122 shares of the company’s stock worth $48,000 after acquiring an additional 4,871 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in ProFrac by 822.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,234 shares of the company’s stock worth $87,000 after acquiring an additional 10,016 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in ProFrac in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 12.75% of the company’s stock.

Trending Headlines about ProFrac

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased a combined 607,227 ACDC shares on August 21, 24, and 25 for approximately $2.87 million, at prices ranging from $4.70 to $4.81. The purchases increased his stake to more than 88 million shares and may signal confidence that ProFrac is undervalued. Insider buying report
• Positive Sentiment: THRC Holdings LP reported matching purchases of 607,227 shares over the same period, also totaling approximately $2.87 million. Buying by major holders can provide a supportive ownership signal, though it does not immediately improve ProFrac’s earnings, liquidity, or balance sheet. SEC Form 4 filing
• Neutral Sentiment: Institutional ownership is relatively limited at 12.75%, although several investment firms recently initiated or expanded small positions. These changes suggest some investor interest but are unlikely to be a major near-term catalyst.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley lowered its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded ACDC from “hold” to “sell.” The consensus rating is “Reduce,” with an average target of $5.25. ProFrac analyst and insider coverage
• Negative Sentiment: ProFrac continues to trade below its 50-day and 200-day moving averages. Its negative P/E ratio, current ratio below 1, quick ratio of 0.59, and debt-to-equity ratio of 1.42 point to ongoing profitability, liquidity, and leverage risks.

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.