Recent insider trends for CARBO Ceramics Inc. (NYSE:CRR) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how CRR might perform in the future.
Institutions own 73.36% of CARBO Ceramics Inc. (CRR)’s shares. The total value of these holdings, in millions, is $188. Among active positions in the latest quarter, 57 holders increased their positions by a total of 2 million shares, 56 holders decreased the positions by a total of 3.85 million shares, and 25 holders held their positions. This works out to a net decrease in ownership of 1.85 million shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 13 holders initiated new positions by a total of 464952 shares and 22 holders exited their positions by a total of 892623 shares. This nets out to a decrease of 427671 shares and is another bearish sign for CRR.
In the last three months, insiders executed a total of 1 trades. 1 were sells. Insider ownership decreased by a total of 514 shares, which suggests that CRR’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 14 buys and 7 sells, and ownership increased by a net of 200425 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. CARBO Ceramics Inc. (NYSE:CRR)’s short interest is 11.82 million shares, or 58.66% of the float. This represents a decrease of -1% 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.
In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for CRR. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CRR is a buy, which implies that CRR is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that CARBO Ceramics Inc. (NYSE:CRR) is undervalued.