Capital Innovations LLC boosted its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 53.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,485 shares of the industrial products company’s stock after purchasing an additional 13,800 shares during the quarter. Capital Innovations LLC’s holdings in Fairmount Santrol Holdings were worth $154,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FMSA. Wells Fargo & Company MN boosted its position in Fairmount Santrol Holdings by 31.4% during the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock worth $1,981,000 after purchasing an additional 64,575 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Fairmount Santrol Holdings by 47.9% during the first quarter. UBS Asset Management Americas Inc. now owns 69,148 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 22,409 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Fairmount Santrol Holdings during the first quarter worth $196,000. JPMorgan Chase & Co. boosted its position in Fairmount Santrol Holdings by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 434,921 shares of the industrial products company’s stock worth $3,188,000 after purchasing an additional 73,850 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in Fairmount Santrol Holdings during the first quarter worth $132,000. Institutional investors own 84.17% of the company’s stock.
Fairmount Santrol Holdings Inc. (FMSA) traded down 0.292% during trading on Wednesday, reaching $4.786. The company had a trading volume of 486,550 shares. The company has a 50-day moving average price of $3.73 and a 200 day moving average price of $4.35. The stock’s market cap is $1.07 billion. Fairmount Santrol Holdings Inc. has a 52-week low of $2.47 and a 52-week high of $13.12.
Fairmount Santrol Holdings (NYSE:FMSA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business 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 was up 104.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.54) earnings per share. On average, analysts anticipate that Fairmount Santrol Holdings Inc. will post $0.28 earnings per share for the current year.
A number of analysts have commented on FMSA shares. Northcoast Research upgraded Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 27th. Morgan Stanley reiterated an “overweight” rating and set a $8.00 target price (down from $14.50) on shares of Fairmount Santrol Holdings in a research report on Wednesday, June 21st. Johnson Rice downgraded Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $10.00 to $6.00 in a research report on Thursday, June 22nd. Jefferies Group LLC decreased their target price on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Finally, Credit Suisse Group cut Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $4.00 in a report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.79.
Fairmount Santrol Holdings Profile
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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