Vanguard Group Inc. increased its stake in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,132,400 shares of the industrial products company’s stock after buying an additional 370,651 shares during the period. Vanguard Group Inc. owned 5.42% of Fairmount Santrol Holdings worth $88,930,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in FMSA. Russell Investments Group Ltd. bought a new stake in Fairmount Santrol Holdings during the fourth quarter valued at about $1,057,000. FMR LLC bought a new stake in Fairmount Santrol Holdings during the fourth quarter valued at about $14,216,000. Metropolitan Life Insurance Co. NY boosted its stake 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 valued at $752,000 after buying an additional 7,438 shares in the last quarter. Guggenheim Capital LLC boosted its stake 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 valued at $1,999,000 after buying an additional 104,695 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 valued at $1,414,000 after buying an additional 54,748 shares in the last quarter. 79.53% of the stock is currently owned by institutional investors and hedge funds.
Fairmount Santrol Holdings Inc. (NYSE:FMSA) opened at 2.57 on Friday. The firm’s market cap is $575.89 million. Fairmount Santrol Holdings Inc. has a one year low of $2.46 and a one year high of $13.12. The stock’s 50 day moving average is $3.11 and its 200 day moving average is $6.03.
Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. During the same period in the prior year, the company posted ($0.54) earnings per share. The business’s revenue for the quarter was up 104.2% compared to the same quarter last year. On average, equities research analysts expect that Fairmount Santrol Holdings Inc. will post $0.27 earnings per share for the current year.
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FMSA has been the topic of several research analyst reports. Barclays PLC cut shares of Fairmount Santrol Holdings from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Friday, April 21st. Zacks Investment Research cut shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $8.00 price target on shares of Fairmount Santrol Holdings in a research report on Friday, May 5th. Evercore ISI initiated coverage on shares of Fairmount Santrol Holdings in a research report on Thursday, May 25th. They set an “in-line” rating and a $6.00 price target on the stock. Finally, ValuEngine cut shares of Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target 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.
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