Fairmount Santrol Holdings Inc. (NYSE:FMSA) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its holdings in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 138.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,230 shares of the industrial products company’s stock after purchasing an additional 43,680 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Fairmount Santrol were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FMSA. Parametric Portfolio Associates LLC increased its holdings in Fairmount Santrol by 4.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock valued at $669,000 after buying an additional 7,472 shares during the period. AQR Capital Management LLC boosted its stake in shares of Fairmount Santrol by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 129,611 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 9,653 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Fairmount Santrol by 28.1% in the 2nd quarter. Legal & General Group Plc now owns 47,817 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 10,494 shares in the last quarter. Capital Innovations LLC boosted its stake in shares of Fairmount Santrol by 53.7% in the 2nd quarter. Capital Innovations LLC now owns 39,485 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Fairmount Santrol by 34.4% in the 1st quarter. Bank of America Corp DE now owns 58,436 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 14,946 shares in the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Fairmount Santrol from a “d+” rating to a “c-” rating in a research note on Tuesday, November 21st. Barclays lifted their target price on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. ValuEngine upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. B. Riley set a $6.00 target price on shares of Fairmount Santrol and gave the stock a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Fairmount Santrol currently has an average rating of “Hold” and a consensus target price of $6.29.

Fairmount Santrol Holdings Inc. (NYSE:FMSA) traded down $0.19 on Wednesday, reaching $4.70. 3,482,618 shares of the company’s stock were exchanged, compared to its average volume of 5,899,345. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The stock has a market cap of $1,127.19, a P/E ratio of 125.75 and a beta of 2.11. Fairmount Santrol Holdings Inc. has a 1 year low of $2.46 and a 1 year high of $13.12.

Fairmount Santrol (NYSE:FMSA) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The business’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) EPS. sell-side analysts forecast that Fairmount Santrol Holdings Inc. will post 0.28 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/12/07/fairmount-santrol-holdings-inc-fmsa-stake-increased-by-state-board-of-administration-of-florida-retirement-system.html.

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.

Institutional Ownership by Quarter for Fairmount Santrol (NYSE:FMSA)

Receive News & Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply