State Street Corp raised its stake in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,028,674 shares of the industrial products company’s stock after buying an additional 269,879 shares during the period. State Street Corp’s holdings in Fairmount Santrol Holdings were worth $22,199,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Exane Derivatives purchased a new position in shares of Fairmount Santrol Holdings during the first quarter valued at about $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 last quarter. 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 last quarter. Clinton Group Inc. purchased a new position in shares of Fairmount Santrol Holdings during the first quarter valued at about $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 last quarter. Institutional investors own 85.06% of the company’s stock.

Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) traded down 4.137% during trading on Friday, reaching $2.665. The company’s stock had a trading volume of 922,489 shares. The company’s market capitalization is $597.00 million. Fairmount Santrol Holdings Inc. has a one year low of $2.51 and a one year high of $13.12. The firm’s 50-day moving average price is $3.30 and its 200-day moving average price is $6.46.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 28.04%. The company’s quarterly revenue was up 104.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.54) EPS. On average, equities analysts anticipate that Fairmount Santrol Holdings Inc. will post $0.27 earnings per share for the current year.

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

About Fairmount Santrol Holdings

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.

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

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