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.
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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