Hodges Capital Management Inc. decreased its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 34.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,160,485 shares of the industrial products company’s stock after selling 609,895 shares during the period. Hodges Capital Management Inc.’s holdings in Fairmount Santrol were worth $6,069,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in Fairmount Santrol in the 3rd quarter valued at approximately $101,000. GSA Capital Partners LLP raised its holdings in Fairmount Santrol by 92.3% in the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 10,726 shares in the last quarter. NEXT Financial Group Inc raised its holdings in Fairmount Santrol by 86.2% in the 4th quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 11,200 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Fairmount Santrol in the 4th quarter valued at approximately $135,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in Fairmount Santrol in the 4th quarter valued at approximately $136,000. 75.32% of the stock is owned by hedge funds and other institutional investors.
FMSA has been the subject of several recent research reports. Royal Bank of Canada set a $7.00 price target on Fairmount Santrol and gave the company a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research cut Fairmount Santrol from a “hold” rating to a “sell” rating in a report on Monday, January 8th. B. Riley reaffirmed a “hold” rating and issued a $6.00 price target on shares of Fairmount Santrol in a report on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.15 price target on shares of Fairmount Santrol in a report on Tuesday, December 26th. Finally, ValuEngine upgraded Fairmount Santrol from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.95.
Fairmount Santrol 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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