Finance

How Insiders and Institutions are Trading Keane Group, Inc. (FRAC)

Recent insider trends for Keane Group, Inc. (NYSE:FRAC) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of FRAC, the data has a lot to say about how the stock might perform going forward.

Institutions own 44.32% of Keane Group, Inc. (FRAC)’s shares. The total value of these holdings, in millions, is $819. Among active positions in the latest quarter, 76 holders increased their positions by a total of 18.79 million shares, 53 holders decreased the positions by a total of 9.86 million shares, and 3 holders held their positions. This works out to a net increase in ownership of 8.93 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 30 holders initiated new positions by a total of 6.41 million shares and 29 holders exited their positions by a total of 4.99 million shares. This nets out to an increase of 1.42 million shares and is a bullish sign for FRAC.

Insider ownership increased by a total of 0 shares, which suggests that FRAC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 1 buys and 1 sells, and ownership decreased by a net of 15.06 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Keane Group, Inc. (NYSE:FRAC)’s short interest is 10.03 million shares, or % of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that FRAC is a hold, which implies that FRAC is expected to perform in line with the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Keane Group, Inc. (NYSE:FRAC) is fairly valued.

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