Gilder Gagnon Howe & Co. LLC Has $3.59 Million Position in Smart Sand Inc (NYSE:SND)
Gilder Gagnon Howe & Co. LLC boosted its position in shares of Smart Sand Inc (NYSE:SND) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,823 shares of the company’s stock after buying an additional 19,633 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Smart Sand were worth $3,589,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of SND. American International Group Inc. purchased a new position in Smart Sand during the first quarter worth $116,000. Nationwide Fund Advisors raised its position in Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after buying an additional 1,597 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in Smart Sand during the first quarter worth $156,000. Quantbot Technologies LP purchased a new position in Smart Sand during the first quarter worth $167,000. Finally, UBS Group AG raised its position in Smart Sand by 472.6% in the first quarter. UBS Group AG now owns 12,826 shares of the company’s stock worth $209,000 after buying an additional 10,586 shares during the period.
Shares of Smart Sand Inc (NYSE SND) opened at 6.04 on Thursday. Smart Sand Inc has a 12-month low of $5.76 and a 12-month high of $21.99. The firm has a 50-day moving average price of $7.25 and a 200-day moving average price of $12.41. The firm has a market cap of $243.65 million and a P/E ratio of 15.98.
Smart Sand (NYSE:SND) last released its quarterly earnings results on Thursday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Smart Sand had a return on equity of 2.51% and a net margin of 3.87%. The business had revenue of $25 million during the quarter, compared to the consensus estimate of $18.13 million. Smart Sand’s revenue for the quarter was up 140.4% compared to the same quarter last year. On average, equities research analysts expect that Smart Sand Inc will post $0.43 earnings per share for the current fiscal year.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Smart Sand from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, May 24th. Evercore ISI started coverage on Smart Sand in a report on Thursday, May 25th. They issued an “in-line” rating and a $12.00 target price for the company. Janney Montgomery Scott started coverage on Smart Sand in a report on Thursday, June 15th. They issued a “buy” rating and a $13.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and issued a $15.00 target price (down previously from $20.00) on shares of Smart Sand in a report on Monday, June 26th. Finally, Credit Suisse Group downgraded Smart Sand from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $8.50 in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.95.
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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