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.
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