Vanguard Group Inc. boosted its stake in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,863,759 shares of the industrial products company’s stock after acquiring an additional 731,359 shares during the quarter. Vanguard Group Inc. owned 5.74% of Fairmount Santrol Holdings worth $50,169,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in shares of Fairmount Santrol Holdings by 56.6% during the 2nd quarter. Northern Trust Corp now owns 1,869,840 shares of the industrial products company’s stock valued at $7,292,000 after acquiring an additional 676,137 shares during the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of Fairmount Santrol Holdings by 50.4% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,728,048 shares of the industrial products company’s stock valued at $6,747,000 after acquiring an additional 579,393 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Fairmount Santrol Holdings by 29.8% during the 2nd quarter. Van ECK Associates Corp now owns 3,181,583 shares of the industrial products company’s stock valued at $12,408,000 after acquiring an additional 730,748 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Fairmount Santrol Holdings by 4.9% in the 2nd quarter. New York State Common Retirement Fund now owns 1,014,842 shares of the industrial products company’s stock valued at $3,958,000 after buying an additional 47,799 shares during the period. Finally, Thrivent Financial For Lutherans purchased a new stake in Fairmount Santrol Holdings in the 2nd quarter valued at about $1,491,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada set a $6.00 price target on Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Sunday. Wells Fargo & Company downgraded Fairmount Santrol Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Finally, KeyCorp reissued an “overweight” rating and issued a $6.50 price objective on shares of Fairmount Santrol Holdings in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.44.
Fairmount Santrol Holdings Inc. (NYSE FMSA) opened at $4.64 on Tuesday. The firm has a market capitalization of $1,044.27, a PE ratio of 116.50 and a beta of 2.06. Fairmount Santrol Holdings Inc. has a 52 week low of $2.46 and a 52 week high of $13.12. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65.
Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.05% and a net margin of 1.69%. The company’s revenue was up 107.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS. sell-side analysts anticipate that Fairmount Santrol Holdings Inc. will post 0.27 earnings per share for the current fiscal year.
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Fairmount Santrol Holdings Company 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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