Energy Opportunities Capital Management LLC cut its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 57.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,378 shares of the industrial products company’s stock after selling 599,305 shares during the quarter. Energy Opportunities Capital Management LLC owned about 0.19% of Fairmount Santrol Holdings worth $1,698,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of FMSA. Point72 Asia Hong Kong Ltd raised its stake 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 valued at $104,000 after buying an additional 12,974 shares during the period. Principal Financial Group Inc. raised its stake in shares of Fairmount Santrol Holdings by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after buying an additional 20,128 shares during the period. Clinton Group Inc. bought a new stake in shares of Fairmount Santrol Holdings in the first quarter valued at $132,000. BB&T Securities LLC raised its stake in shares of Fairmount Santrol Holdings by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after buying an additional 23,200 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Fairmount Santrol Holdings in the second quarter valued at $140,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
FMSA has been the topic of several research reports. Northcoast Research upgraded Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. KeyCorp restated an “overweight” rating and issued a $6.50 target price on shares of Fairmount Santrol Holdings in a research note on Wednesday, October 4th. BidaskClub upgraded Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Jefferies Group LLC decreased their price objective on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Finally, Credit Suisse Group lowered Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $12.00 to $4.00 in a research note on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Fairmount Santrol Holdings currently has an average rating of “Hold” and an average price target of $6.79.
Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) traded down 2.31% during trading on Friday, reaching $4.66. The company’s stock had a trading volume of 1,911,878 shares. Fairmount Santrol Holdings Inc. has a 12-month low of $2.46 and a 12-month high of $13.12. The company’s market cap is $1.04 billion. The company has a 50 day moving average of $3.85 and a 200 day moving average of $4.36.
Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The business’s quarterly revenue was up 104.2% on a year-over-year basis. During the same period last year, the firm earned ($0.54) earnings per share. On average, analysts anticipate that Fairmount Santrol Holdings Inc. will post $0.28 EPS for the current fiscal year.
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Fairmount Santrol Holdings 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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