Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About CARBO Ceramics Inc. (CRR)

With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was CARBO Ceramics Inc. (NYSE:CRR).

CARBO Ceramics Inc. (NYSE:CRR) has seen a decrease in support from the world’s most elite money managers lately. CARBO Ceramics Inc. (NYSE:CRR) was in 7 hedge funds’ portfolios at the end of September. There were 14 hedge funds in our database with CARBO Ceramics Inc. (NYSE:CRR) holdings at the end of the previous quarter. It is important to note that the shares of CARBO Ceramics Inc. (NYSE:CRR) were down 54.38% during the third quarter, sharing the opinion of the hedge funds. For an in-depth understanding of the hedge fund sentiment surrounding the company, we will find out more about hedge funds that held positions in CARBO Ceramics Inc. (NYSE:CRR) at the end of the last quarter.

The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as Stein Mart, Inc. (NASDAQ:SMRT), Forestar Group Inc. (NYSE:FOR), and ReTailMeNot Inc (NASDAQ:SALE) to gather more data points.

Follow Carbo Ceramics Inc (NYSE:CRR)
Trade (NYSE:CRR) Now!

At the moment, there are numerous indicators shareholders employ to size up stocks. Some of the most useful indicators are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the best picks of the elite money managers can beat the S&P 500 by a superb margin (see the details here).

Now, we’re going to take a look at the recent action encompassing CARBO Ceramics Inc. (NYSE:CRR).

What have hedge funds been doing with CARBO Ceramics Inc. (NYSE:CRR)?

At the end of the third quarter, a total of 7 of the hedge funds tracked by Insider Monkey were bullish on this stock, a decline of 50% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).

According to Insider Monkey’s hedge fund and institutional investor database, Royce & Associates, managed by Chuck Royce, holds the largest position in CARBO Ceramics Inc. (NYSE:CRR). Royce & Associates has a $9.8 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Coatue Management, managed by Philippe Laffont, which holds a $9.5 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining peers that hold long positions containD E Shaw, Tom Gayner’s Markel Gayner Asset Management, and Ken Griffin’s Citadel Investment Group.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.