Fairmount Santrol Holdings Inc. (NYSE:FMSA) Rating Increased to Neutral at Northcoast Research

Fairmount Santrol Holdings Inc. (NYSE:FMSA) was upgraded by equities researchers at Northcoast Research from a “sell” rating to a “neutral” rating in a report issued on Tuesday, June 27th.

FMSA has been the topic of a number of other reports. Scotiabank restated a “buy” rating and set a $13.00 price objective on shares of Fairmount Santrol Holdings in a research note on Thursday, March 23rd. Cowen and Company restated an “outperform” rating and set a $16.00 price objective on shares of Fairmount Santrol Holdings in a research note on Saturday, March 11th. Zacks Investment Research cut shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Citigroup Inc. restated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Tuesday, March 14th. Finally, Jefferies Group LLC upgraded shares of Fairmount Santrol Holdings from a “hold” rating to a “buy” rating and cut their price objective for the company from $12.00 to $10.00 in a research note on Friday, March 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Fairmount Santrol Holdings has a consensus rating of “Hold” and an average target price of $7.97.

Fairmount Santrol Holdings (NYSE FMSA) traded down 1.37% during trading on Tuesday, hitting $2.89. 3,764,508 shares of the stock were exchanged. The company’s market cap is $647.20 million. Fairmount Santrol Holdings has a one year low of $2.58 and a one year high of $13.12. The stock’s 50 day moving average is $3.69 and its 200-day moving average is $7.10.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, May 4th. The industrial products company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.01. Fairmount Santrol Holdings had a negative net margin of 24.91% and a negative return on equity of 91.27%. The company had revenue of $172.60 million for the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Fairmount Santrol Holdings’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities research analysts expect that Fairmount Santrol Holdings will post $0.22 earnings per share for the current fiscal year.

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In related news, CFO Michael F. Biehl sold 14,050 shares of Fairmount Santrol Holdings stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $4.79, for a total value of $67,299.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd boosted its position in shares of Fairmount Santrol Holdings by 1,014.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock worth $104,000 after buying an additional 12,974 shares in the last quarter. Schnieders Capital Management LLC boosted its position in shares of Fairmount Santrol Holdings by 46.7% in the first quarter. Schnieders Capital Management LLC now owns 15,700 shares of the industrial products company’s stock worth $115,000 after buying an additional 5,000 shares in the last quarter. Clinton Group Inc. bought a new position in shares of Fairmount Santrol Holdings during the first quarter worth $132,000. Clear Harbor Asset Management LLC bought a new position in shares of Fairmount Santrol Holdings during the second quarter worth $140,000. Finally, Princeton Alpha Management LP bought a new position in shares of Fairmount Santrol Holdings during the first quarter worth $141,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

About Fairmount Santrol Holdings

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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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