Fairmount Santrol Holdings Inc. (FMSA) Shares Bought by Commonwealth Equity Services Inc

Commonwealth Equity Services Inc grew its stake in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 44.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,225 shares of the industrial products company’s stock after buying an additional 18,500 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Fairmount Santrol were worth $287,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FineMark National Bank & Trust bought a new stake in shares of Fairmount Santrol in the third quarter worth $143,000. Principal Financial Group Inc. lifted its position in shares of Fairmount Santrol by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 20,128 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Fairmount Santrol by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 23,200 shares in the last quarter. White Pine Capital LLC bought a new stake in shares of Fairmount Santrol in the second quarter worth $140,000. Finally, Legal & General Group Plc lifted its position in shares of Fairmount Santrol by 66.4% in the first quarter. Legal & General Group Plc now owns 37,323 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 14,893 shares in the last quarter. Institutional investors own 75.37% of the company’s stock.

A number of brokerages have recently commented on FMSA. ValuEngine raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet raised shares of Fairmount Santrol from a “d+” rating to a “c-” rating in a research report on Tuesday, November 21st. BidaskClub raised shares of Fairmount Santrol from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $4.50 price objective on shares of Fairmount Santrol in a research report on Monday, August 7th. Finally, Barclays boosted their price objective on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Fairmount Santrol presently has an average rating of “Hold” and an average price target of $6.31.

Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) traded up $0.08 on Monday, hitting $4.90. 4,878,100 shares of the stock traded hands, compared to its average volume of 5,939,215. The company has a market capitalization of $1,098.05, a price-to-earnings ratio of 122.50 and a beta of 2.11. Fairmount Santrol Holdings Inc. has a 52 week low of $2.46 and a 52 week high of $13.12. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company’s revenue was up 107.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. sell-side analysts expect that Fairmount Santrol Holdings Inc. will post 0.28 EPS for the current year.

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About Fairmount Santrol

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

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