Winslow Evans & Crocker Inc. lowered its position in shares of Smart Sand Inc (NASDAQ:SND) by 48.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,976 shares of the company’s stock after selling 14,250 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Smart Sand were worth $130,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after buying an additional 10,783 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Smart Sand during the third quarter worth $128,000. Fox Run Management L.L.C. acquired a new stake in shares of Smart Sand during the fourth quarter worth $157,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Smart Sand during the third quarter worth $175,000. Finally, Rhumbline Advisers lifted its holdings in shares of Smart Sand by 103.1% during the second quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock worth $196,000 after buying an additional 11,157 shares in the last quarter. 49.52% of the stock is owned by institutional investors.
Smart Sand Inc (NASDAQ:SND) opened at $10.10 on Friday. Smart Sand Inc has a 12-month low of $4.81 and a 12-month high of $21.99. The company has a market capitalization of $407.97, a price-to-earnings ratio of 15.07 and a beta of 4.63.
Smart Sand (NASDAQ:SND) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The company had revenue of $39.33 million for the quarter, compared to analysts’ expectations of $33.60 million. During the same quarter last year, the business earned $0.06 earnings per share. Smart Sand’s revenue was up 259.8% on a year-over-year basis. equities analysts forecast that Smart Sand Inc will post 0.4 earnings per share for the current fiscal year.
SND has been the subject of a number of research reports. Deutsche Bank initiated coverage on Smart Sand in a report on Tuesday, October 10th. They set a “buy” rating and a $9.00 target price for the company. Jefferies Group set a $7.00 target price on Smart Sand and gave the stock a “buy” rating in a report on Thursday, October 5th. BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Seaport Global Securities initiated coverage on Smart Sand in a report on Friday, December 8th. They set a “buy” rating and a $15.00 target price for the company. Finally, Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Friday, November 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.80.
About Smart Sand
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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