Citigroup Inc. Boosts FMSA Holdings Inc. (FMSA) Price Target to $12.25
Several other equities research analysts have also recently commented on FMSA. DA Davidson cut FMSA Holdings from a buy rating to an underperform rating and set a $5.00 price objective on the stock. in a research report on Monday, June 13th. Wells Fargo & Co. raised FMSA Holdings from a market perform rating to an outperform rating in a research report on Monday, July 18th. Barclays PLC started coverage on 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. Zacks Investment Research cut FMSA Holdings from a strong-buy rating to a hold rating in a research report on Thursday, July 14th. Finally, Jefferies Group reaffirmed a hold rating and set a $8.00 price objective (up from $4.00) on shares of FMSA Holdings in a research report on Monday, July 11th. One 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 currently has an average rating of Buy and an average price target of $7.57.
Shares of FMSA Holdings (NYSE:FMSA) opened at 9.35 on Tuesday. The company’s market capitalization is $1.79 billion. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $9.86. The stock’s 50 day moving average price is $8.00 and its 200 day moving average price is $6.31.
FMSA Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.41. The firm earned $114.20 million during the quarter, compared to analysts’ expectations of $129.35 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s revenue was down 48.5% on a year-over-year basis. On average, analysts forecast that FMSA Holdings will post ($0.42) EPS for the current year.
In other FMSA Holdings news, Director Charles D. Fowler bought 1,666,666 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were bought at an average price 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 of the company’s stock, valued at $10,145,535.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.20% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock valued at $2,194,000 after buying an additional 11,165 shares during the period. EAM Investors LLC acquired a new stake in shares of FMSA Holdings during the second quarter valued at about $2,096,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock valued at $19,263,000 after buying an additional 56,680 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in FMSA Holdings during the second quarter valued at $1,026,000. Finally, 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 valued at $1,065,000 after buying an additional 2,546 shares in the last quarter. 14.37% of the stock is currently owned by institutional investors.
About FMSA 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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