New York State Teachers Retirement System increased its position in Asante Solutions Inc (NASDAQ:PUMP) by 127.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 125,298 shares of the company’s stock after purchasing an additional 70,300 shares during the period. New York State Teachers Retirement System’s holdings in Asante Solutions were worth $644,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of PUMP. Nisa Investment Advisors LLC boosted its stake in Asante Solutions by 633.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the company’s stock worth $28,000 after purchasing an additional 9,500 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Asante Solutions by 29.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 21,974 shares of the company’s stock worth $55,000 after purchasing an additional 4,977 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Asante Solutions by 101.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 58,810 shares of the company’s stock worth $147,000 after purchasing an additional 29,677 shares during the period. Cigna Investments Inc. New acquired a new position in Asante Solutions in the 1st quarter worth approximately $278,000. Finally, Comerica Bank boosted its stake in Asante Solutions by 3.3% in the 1st quarter. Comerica Bank now owns 80,071 shares of the company’s stock worth $294,000 after purchasing an additional 2,594 shares during the period.
A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Asante Solutions in a research note on Monday, June 15th. Cowen upgraded shares of Asante Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $7.50 to $8.50 in a research report on Wednesday, July 15th. They noted that the move was a valuation call. BidaskClub downgraded shares of Asante Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Credit Suisse Group increased their target price on shares of Asante Solutions from $4.75 to $5.50 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Barclays reiterated a “hold” rating and issued a $4.00 target price on shares of Asante Solutions in a research report on Monday, April 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.09.
Shares of PUMP opened at $5.37 on Friday. Asante Solutions Inc has a one year low of $1.36 and a one year high of $18.80. The company’s fifty day moving average price is $5.27 and its 200 day moving average price is $5.98.
Asante Solutions (NASDAQ:PUMP) last announced its earnings results on Monday, June 1st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.27). The company had revenue of $395.10 million for the quarter, compared to analysts’ expectations of $392.26 million. Asante Solutions’s revenue for the quarter was down 27.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS.
Asante Solutions Company Profile
ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.
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