WINTON GROUP Ltd Has $525,000 Stock Position in Newpark Resources, Inc. (NYSE:NR)

WINTON GROUP Ltd cut its holdings in shares of Newpark Resources, Inc. (NYSE:NR) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 151,856 shares of the oil and gas company’s stock after selling 6,223 shares during the period. WINTON GROUP Ltd’s holdings in Newpark Resources were worth $525,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NR. Sawtooth Solutions LLC bought a new position in Newpark Resources in the 1st quarter valued at $44,000. Jane Street Group LLC acquired a new stake in shares of Newpark Resources in the first quarter valued at $104,000. Quadrature Capital Ltd bought a new position in shares of Newpark Resources in the first quarter valued at about $109,000. Brandywine Global Investment Management LLC acquired a new position in Newpark Resources during the 1st quarter worth about $118,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Newpark Resources by 71.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 42,065 shares of the oil and gas company’s stock worth $132,000 after acquiring an additional 17,548 shares during the last quarter. 72.33% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Paul L. Howes acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 26th. The stock was acquired at an average price of $2.29 per share, for a total transaction of $68,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.

NR has been the topic of a number of research reports. Capital One Financial upgraded shares of Newpark Resources from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 4th. Zacks Investment Research downgraded Newpark Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 10th.

Shares of NYSE:NR opened at $2.73 on Tuesday. The stock has a market capitalization of $251.38 million, a P/E ratio of -4.63 and a beta of 3.83. The company has a current ratio of 2.87, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. Newpark Resources, Inc. has a 1-year low of $0.70 and a 1-year high of $4.08. The business has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $3.15.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Tuesday, August 3rd. The oil and gas company reported ($0.07) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). Newpark Resources had a negative net margin of 10.53% and a negative return on equity of 7.83%. The business had revenue of $142.25 million for the quarter, compared to analyst estimates of $132.10 million. As a group, equities analysts predict that Newpark Resources, Inc. will post -0.19 EPS for the current year.

Newpark Resources Company Profile

Newpark Resources, Inc engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations.

Further Reading: Investing in Blue-Chip Stocks

Want to see what other hedge funds are holding NR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newpark Resources, Inc. (NYSE:NR).

Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

Receive News & Ratings for Newpark Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources and related companies with MarketBeat.com's FREE daily email newsletter.