Fairmount Santrol Holdings Inc. (NYSE:FMSA) Stake Boosted by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. increased its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 47.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,148 shares of the industrial products company’s stock after buying an additional 22,409 shares during the period. UBS Asset Management Americas Inc.’s holdings in Fairmount Santrol Holdings were worth $507,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in shares of Fairmount Santrol Holdings during the fourth quarter worth $1,057,000. FMR LLC purchased a new position in Fairmount Santrol Holdings during the fourth quarter worth about $14,216,000. Metropolitan Life Insurance Co. NY boosted its position in Fairmount Santrol Holdings by 13.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 63,816 shares of the industrial products company’s stock worth $752,000 after buying an additional 7,438 shares during the last quarter. Guggenheim Capital LLC boosted its position in Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 104,695 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the industrial products company’s stock worth $1,414,000 after buying an additional 54,748 shares during the last quarter. Institutional investors own 79.53% of the company’s stock.

Fairmount Santrol Holdings Inc. (NYSE FMSA) traded down 2.28% during trading on Friday, hitting $2.57. The stock had a trading volume of 4,997,399 shares. Fairmount Santrol Holdings Inc. has a 52-week low of $2.46 and a 52-week high of $13.12. The company’s 50 day moving average is $3.11 and its 200 day moving average is $6.03. The firm’s market cap is $575.89 million.

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

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FMSA has been the subject of several analyst reports. Northcoast Research upgraded Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Johnson Rice cut Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and dropped their price objective for the stock from $10.00 to $6.00 in a report on Thursday, June 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $8.00 price objective (down previously from $14.50) on shares of Fairmount Santrol Holdings in a report on Wednesday, June 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of Fairmount Santrol Holdings in a report on Friday, May 5th. Finally, Credit Suisse Group cut Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $12.00 to $4.00 in a report on Thursday, July 20th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.13.

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.

Institutional Ownership by Quarter for Fairmount Santrol Holdings (NYSE:FMSA)

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