State Street Corp increased its position in Fairmount Santrol Holdings Inc (NYSE:FMSA) by 34.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,758,795 shares of the company’s stock after buying an additional 702,301 shares during the period. State Street Corp’s holdings in Fairmount Santrol Holdings were worth $32,531,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. bought a new position in Fairmount Santrol Holdings during the fourth quarter worth $5,618,000. Russell Investments Group Ltd. bought a new position in Fairmount Santrol Holdings during the fourth quarter worth $1,057,000. Energy Opportunities Capital Management LLC boosted its position in Fairmount Santrol Holdings by 454.4% in the third quarter. Energy Opportunities Capital Management LLC now owns 823,088 shares of the company’s stock worth $6,980,000 after buying an additional 674,613 shares during the period. Moore Capital Management LP bought a new position in Fairmount Santrol Holdings during the third quarter worth $848,000. Finally, United Services Automobile Association boosted its position in Fairmount Santrol Holdings by 54.3% in the third quarter. United Services Automobile Association now owns 592,200 shares of the company’s stock worth $5,022,000 after buying an additional 208,500 shares during the period. 24.33% of the stock is owned by institutional investors.
Shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) opened at 6.82 on Friday. The firm’s 50-day moving average price is $9.70 and its 200 day moving average price is $9.61. Fairmount Santrol Holdings Inc has a 52 week low of $2.38 and a 52 week high of $13.12. The firm’s market capitalization is $1.53 billion.
Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, March 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $140.53 million for the quarter, compared to the consensus estimate of $156.23 million. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.56) earnings per share. On average, analysts anticipate that Fairmount Santrol Holdings Inc will post $0.13 EPS for the current year.
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Several equities analysts recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $16.00 target price on shares of Fairmount Santrol Holdings in a research note on Wednesday, February 1st. Jefferies Group LLC upped their target price on Fairmount Santrol Holdings from $8.50 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 19th. Zacks Investment Research upgraded Fairmount Santrol Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Monday, January 23rd. Barclays PLC upgraded Fairmount Santrol Holdings from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $10.00 to $15.00 in a research note on Monday, January 9th. Finally, Johnson Rice upgraded Fairmount Santrol Holdings from an “accumulate” rating to a “buy” rating in a research note on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.88.
About Fairmount Santrol Holdings
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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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