Fairmount Santrol Holdings Inc. (FMSA) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies reiterated their buy rating on shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) in a research report released on Monday, August 7th. Piper Jaffray Companies currently has a $4.50 target price on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on the stock. Jefferies Group LLC reiterated a buy rating and issued a $10.00 target price on shares of Fairmount Santrol Holdings in a research note on Tuesday, April 11th. Zacks Investment Research downgraded shares of Fairmount Santrol Holdings from a buy rating to a hold rating in a research note on Thursday, April 13th. Barclays PLC downgraded shares of Fairmount Santrol Holdings from an overweight rating to an equal weight rating and cut their target price for the company from $9.00 to $7.00 in a research note on Friday, April 21st. Evercore ISI began coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, May 25th. They issued an in-line rating and a $6.00 target price for the company. Finally, ValuEngine downgraded shares of Fairmount Santrol Holdings from a hold rating to a sell rating in a research note on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Fairmount Santrol Holdings has an average rating of Hold and an average target price of $7.13.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) traded down 1.13% during mid-day trading on Monday, hitting $2.63. The company’s stock had a trading volume of 3,505,710 shares. Fairmount Santrol Holdings has a 1-year low of $2.46 and a 1-year high of $13.12. The company has a 50-day moving average price of $3.15 and a 200-day moving average price of $6.10. The stock’s market cap is $589.33 million.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $231.16 million. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. Fairmount Santrol Holdings’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.54) EPS. Analysts predict that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Fairmount Santrol Holdings by 35.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,739 shares of the industrial products company’s stock worth $551,000 after buying an additional 12,139 shares during the last quarter. Teachers Advisors LLC boosted its stake in Fairmount Santrol Holdings by 92.5% in the fourth quarter. Teachers Advisors LLC now owns 278,520 shares of the industrial products company’s stock worth $3,284,000 after buying an additional 133,868 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Fairmount Santrol Holdings during the fourth quarter worth $1,558,000. Peregrine Capital Management LLC boosted its stake in Fairmount Santrol Holdings by 5.8% in the first quarter. Peregrine Capital Management LLC now owns 1,611,428 shares of the industrial products company’s stock worth $11,989,000 after buying an additional 87,928 shares during the last quarter. Finally, Creative Planning boosted its stake in Fairmount Santrol Holdings by 246.6% in the first quarter. Creative Planning now owns 46,786 shares of the industrial products company’s stock worth $343,000 after buying an additional 33,286 shares during the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

About Fairmount Santrol Holdings

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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