FMSA Holdings Inc. (FMSA) Receives New Coverage from Analysts at Johnson Rice
Several other research analysts also recently weighed in on the stock. DA Davidson downgraded shares of FMSA Holdings from a buy rating to an underperform rating and set a $5.00 price target on the stock. in a research report on Monday, June 13th. Wells Fargo & Co. upgraded shares of FMSA Holdings from a market perform rating to an outperform rating in a research report on Monday, July 18th. Citigroup Inc. set a $9.50 price objective on shares of FMSA Holdings and gave the company a buy rating in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of FMSA Holdings from a strong-buy rating to a hold rating in a research report on Thursday, July 14th. Finally, Barclays PLC started coverage on shares of FMSA Holdings in a research report on Wednesday, August 10th. They set an equal weight rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $7.18.
Shares of FMSA Holdings (NYSE:FMSA) traded up 5.38% on Monday, reaching $9.59. 727,839 shares of the company traded hands. The firm’s market capitalization is $1.84 billion. FMSA Holdings has a 1-year low of $1.00 and a 1-year high of $9.69. The stock has a 50-day moving average price of $7.73 and a 200 day moving average price of $6.09.
FMSA Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.41. The business had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company’s revenue for the quarter was down 48.5% on a year-over-year basis. Analysts anticipate that FMSA Holdings will post ($0.42) EPS for the current fiscal year.
In other news, Director Charles D. Fowler purchased 1,666,666 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was purchased at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the purchase, the director now owns 1,705,132 shares in the company, valued at $10,145,535.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FMSA. Metropolitan Life Insurance Co. NY purchased a new position in FMSA Holdings during the second quarter worth approximately $434,000. Panagora Asset Management Inc. boosted its position in FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock worth $912,000 after buying an additional 17,232 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in FMSA Holdings during the second quarter worth approximately $1,026,000. California State Teachers Retirement System boosted its position in FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in FMSA Holdings during the second quarter worth approximately $1,154,000. 14.36% of the stock is owned by hedge funds and other institutional investors.
FMSA Holdings Company Profile
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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