ValuEngine upgraded shares of Fairmount Santrol (NYSE:FMSA) from a sell rating to a hold rating in a research report report published on Friday.
FMSA has been the subject of a number of other research reports. KeyCorp reiterated an overweight rating and issued a $6.50 target price on shares of Fairmount Santrol in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Fairmount Santrol from a sell rating to a hold rating in a research note on Thursday, August 31st. Royal Bank Of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the company a buy rating in a research note on Sunday, November 12th. Jefferies Group dropped their price objective on shares of Fairmount Santrol from $8.00 to $5.00 and set a buy rating for the company in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Fairmount Santrol from a sell rating to a hold rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $6.31.
Fairmount Santrol (NYSE FMSA) traded up $0.08 during trading hours on Friday, hitting $4.90. 4,878,100 shares of the stock were exchanged, compared to its average volume of 5,939,215. Fairmount Santrol has a 52 week low of $2.46 and a 52 week high of $13.12. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $1,098.05, a PE ratio of 122.50 and a beta of 2.11.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMSA. Dimensional Fund Advisors LP acquired a new stake in Fairmount Santrol during the 3rd quarter worth $101,000. GSA Capital Partners LLP grew its holdings in Fairmount Santrol by 92.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 10,726 shares during the period. Principal Financial Group Inc. grew its holdings in Fairmount Santrol by 183.3% during the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 20,128 shares during the period. BB&T Securities LLC grew its holdings in Fairmount Santrol by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 23,200 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Fairmount Santrol by 80.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 12,400 shares during the period. 75.37% of the stock is owned by hedge funds and other institutional investors.
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Fairmount Santrol Company 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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