Hodges Capital Management Inc. raised its stake in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 27.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,774,500 shares of the industrial products company’s stock after buying an additional 605,230 shares during the period. Hodges Capital Management Inc. owned approximately 1.24% of Fairmount Santrol Holdings worth $10,821,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Exane Derivatives acquired a new position in shares of Fairmount Santrol Holdings during the first quarter valued at approximately $213,000. Wellington Management Group LLP raised its position in shares of Fairmount Santrol Holdings by 1,333.9% in the first quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock valued at $3,251,000 after buying an additional 412,604 shares during the period. Viking Fund Management LLC raised its position in shares of Fairmount Santrol Holdings by 32.8% in the first quarter. Viking Fund Management LLC now owns 1,660,000 shares of the industrial products company’s stock valued at $12,168,000 after buying an additional 410,000 shares during the period. Clinton Group Inc. acquired a new position in shares of Fairmount Santrol Holdings during the first quarter valued at approximately $132,000. Finally, Wells Fargo & Company MN raised its position in shares of Fairmount Santrol Holdings by 31.4% in the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock valued at $1,981,000 after buying an additional 64,575 shares during the period. Institutional investors own 85.06% of the company’s stock.

Fairmount Santrol Holdings Inc. (FMSA) opened at 2.85 on Tuesday. Fairmount Santrol Holdings Inc. has a 1-year low of $2.58 and a 1-year high of $13.12. The firm’s market capitalization is $638.24 million. The company has a 50-day moving average of $3.55 and a 200-day moving average of $6.83.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 28.04%. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.16 million. During the same period in the prior year, the firm posted ($0.54) earnings per share. The company’s quarterly revenue was up 104.2% compared to the same quarter last year. On average, equities analysts predict that Fairmount Santrol Holdings Inc. will post $0.23 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Hodges Capital Management Inc. Has $10.82 Million Stake in Fairmount Santrol Holdings Inc. (FMSA)” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/08/hodges-capital-management-inc-has-10-82-million-stake-in-fairmount-santrol-holdings-inc-fmsa.html.

FMSA has been the topic of several analyst reports. Northcoast Research upgraded shares of Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Credit Suisse Group lowered shares of Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $4.00 in a research note on Thursday, July 20th. Janney Montgomery Scott initiated coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, June 15th. They set a “neutral” rating and a $5.60 price target on the stock. Finally, Jefferies Group LLC restated a “buy” rating and set a $8.00 price target on shares of Fairmount Santrol Holdings in a research note on Friday, May 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Fairmount Santrol Holdings presently has an average rating of “Hold” and a consensus price target of $7.13.

Fairmount Santrol Holdings Company 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.

Institutional Ownership by Quarter for Fairmount Santrol Holdings (NYSE:FMSA)

Receive News & Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.