Energy Opportunities Capital Management LLC lessened its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 65.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,665 shares of the industrial products company’s stock after selling 283,713 shares during the period. Energy Opportunities Capital Management LLC owned about 0.07% of Fairmount Santrol worth $725,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. 1060 Capital LLC bought a new position in Fairmount Santrol during the 2nd quarter worth about $3,914,000. Alliancebernstein L.P. increased its holdings in Fairmount Santrol by 168.7% during the 2nd quarter. Alliancebernstein L.P. now owns 395,620 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 248,400 shares in the last quarter. Elliott Management Corp bought a new position in Fairmount Santrol during the 2nd quarter worth about $18,720,000. Boston Partners bought a new position in Fairmount Santrol during the 3rd quarter worth about $3,879,000. Finally, JPMorgan Chase & Co. increased its holdings in Fairmount Santrol by 58.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 254,303 shares in the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.
Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) opened at $5.18 on Friday. Fairmount Santrol Holdings Inc. has a one year low of $2.46 and a one year high of $13.12. The stock has a market cap of $1,156.32, a PE ratio of 129.00 and a beta of 2.11. 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 (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $280.05 million during 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%. Fairmount Santrol’s revenue was up 107.8% on a year-over-year basis. During the same period last year, the business posted ($0.11) EPS. equities analysts predict that Fairmount Santrol Holdings Inc. will post 0.29 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on FMSA shares. KeyCorp restated an “overweight” rating and set a $6.50 price objective on shares of Fairmount Santrol in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Royal Bank of Canada set a $6.00 price objective on shares of Fairmount Santrol and gave the stock a “buy” rating in a research note on Sunday, November 12th. Jefferies Group reduced their price objective on shares of Fairmount Santrol from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.73.
Fairmount Santrol 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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