Fairmount Santrol (FMSA) Shares Gap Up to $5.38

Fairmount Santrol Holdings Inc. (NYSE:FMSA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $5.46, but opened at $5.38. Fairmount Santrol shares last traded at $5.38, with a volume of 6643407 shares changing hands.

A number of brokerages have commented on FMSA. Guggenheim raised Fairmount Santrol from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a report on Monday. TheStreet upgraded Fairmount Santrol from a “d+” rating to a “c-” rating in a research report on Tuesday, November 21st. B. Riley reiterated a “hold” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a research report on Wednesday, December 13th. Barclays increased their price objective on Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Finally, ValuEngine upgraded Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.80.

The company has a market capitalization of $1,205.62, a price-to-earnings ratio of 134.50 and a beta of 2.11. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

Fairmount Santrol (NYSE:FMSA) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The firm had revenue of $280.05 million during the quarter, compared to analyst estimates of $264.02 million. During the same period last year, the business posted ($0.11) earnings per share. Fairmount Santrol’s revenue was up 107.8% compared to the same quarter last year. equities analysts predict that Fairmount Santrol Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. ING Groep NV acquired a new stake in shares of Fairmount Santrol in the third quarter valued at approximately $24,846,000. Elliott Management Corp bought a new position in Fairmount Santrol during the 2nd quarter valued at about $18,720,000. Think Investments LP bought a new position in Fairmount Santrol during the 3rd quarter valued at about $17,643,000. State Street Corp lifted its holdings in Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after purchasing an additional 1,540,859 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new position in Fairmount Santrol during the 2nd quarter valued at about $5,690,000. 75.28% of the stock is currently owned by institutional investors and hedge funds.

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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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