According to reports, the institutional investor has obtained 39,610 shares of Propetro Holding Corp’s stock. Based on their current value, these shares amount to approximately $411,000.

This acquisition by the Maryland State Retirement & Pension System is notable not only because of its significance but also due to its potential impact on ProPetro Holding Corp as a whole. As an institutional investor with considerable resources at their disposal, the Maryland State Retirement & Pension System could potentially provide ProPetro with much-needed financial support and contribute to their future growth.

ProPetro Holding Corp is an oilfield services company founded in Midland, Texas. They offer a range of services across various aspects of drilling for oil and gas resources. With operations spanning across multiple states in America, including Texas and New Mexico, ProPetro has established themselves as one of the top players in their industry.

In light of this new development, it remains to be seen what impact the Maryland State Retirement & Pension System’s stake will have on ProPetro’s operations. Nevertheless, given their longstanding legacy as an institutional investor with extensive experience in managing pension funds for public employees, many are optimistic about the collaboration between both parties.

In conclusion, this new acquisition by the Maryland State Retirement & Pension System is sure to have significant implications for both parties involved. As investors await further developments from both sides, many are eager to see how this partnership will unfold and what it can mean for one of America’s most prominent oilfield service providers- ProPetro Holding Corp.

ProPetro Sees Surge in Investor Interest and Institutional Ownership

ProPetro has recently seen a surge in interest from large investors seeking to acquire stakes in the company. One such investor is Quadrant Capital Group LLC, which grew its stake in ProPetro by a staggering 553.2% in the third quarter of last year. This resulted in an additional 2,777 shares being acquired by Quadrant Capital Group LLC, bringing their total number of owned shares to 3,279 with an estimated value of $26,000.

Another notable investor is Chilton Capital Management LLC. This firm acquired a new position in shares of ProPetro valued at about $46,000 during the second quarter of last year. Allspring Global Investments Holdings LLC also increased its stake in ProPetro by 18.3% during the third quarter, acquiring an additional 1,296 shares worth approximately $67,000.

Tower Research Capital LLC TRC increased their stake in ProPetro by 14.0% during the third quarter, which translates into an additional 1,163 shares valued at $77,000. Finally, Park Avenue Securities LLC acquired a new stake in ProPetro during the third quarter as well but for a lower sum – approximately $86,000.

It should be noted that institutional investors currently own a significant percentage of ProPetro’s stock portfolio – about 88.58%. Moving towards analyst opinions on PUMP; many brokerages have issued reports on this company’s performance once they became shared with public ownership.

Benchmark began coverage on share ratings for ProPetro on January 19th this year and set it to “hold”. Citigroup downgraded their previously given “buy” rating to “neutral” around mid-January and assigned this stock price target of $12.00 while Barclays seems to disagree and updated their rating from “equal weight” to “overweight” with a forecast of $14 per share price which was announced on January 10th.

Despite these varying opinions, the consensus rating of ProPetro’s stock is currently “hold,” according to data from Bloomberg, and the consensus price target for shares in this firm sits at $14.29.

ProPetro has recently become a subject of significant interest among top investors, leading to a surge in shares and an increase in value. While there are varying opinions on whether to hold or invest further in this company’s stock, only time will tell whether it meets the expectations set by its shareholders.

Investors should be prudent and well-informed before making such decisions as the market can be volatile – especially with companies that have notable investments from institutional groups like ProPetro.

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