SG Americas Securities LLC Decreases Position in Fairmount Santrol Holdings Inc. (FMSA)
SG Americas Securities LLC lowered its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 63.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,103 shares of the industrial products company’s stock after selling 123,819 shares during the quarter. SG Americas Securities LLC’s holdings in Fairmount Santrol Holdings were worth $273,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd boosted its position in shares of Fairmount Santrol Holdings by 1,014.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 12,974 shares during the period. Clinton Group Inc. acquired a new position in shares of Fairmount Santrol Holdings in the 1st quarter valued at $132,000. RidgeWorth Capital Management LLC acquired a new position in shares of Fairmount Santrol Holdings in the 1st quarter valued at $151,000. Paloma Partners Management Co acquired a new position in shares of Fairmount Santrol Holdings in the 1st quarter valued at $168,000. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Fairmount Santrol Holdings in the 1st quarter valued at $196,000. 84.20% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the company. Evercore ISI assumed coverage on Fairmount Santrol Holdings in a research report on Thursday, May 25th. They issued an “in-line” rating and a $6.00 price target for the company. Jefferies Group LLC set a $8.00 price target on Fairmount Santrol Holdings and gave the company a “buy” rating in a research report on Tuesday, June 6th. ValuEngine lowered Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Citigroup Inc. increased their price target on Fairmount Santrol Holdings from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Finally, Janney Montgomery Scott assumed coverage on Fairmount Santrol Holdings in a research report on Thursday, June 15th. They issued a “neutral” rating and a $5.60 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.94.
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Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) opened at 3.45 on Friday. The stock’s market capitalization is $773.08 million. The company has a 50-day moving average price of $2.87 and a 200 day moving average price of $4.82. Fairmount Santrol Holdings Inc. has a 52 week low of $2.46 and a 52 week high of $13.12.
Fairmount Santrol Holdings (NYSE:FMSA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $231.16 million. During the same period in the previous year, the firm earned ($0.54) earnings per share. The company’s revenue was up 104.2% on a year-over-year basis. Analysts forecast that Fairmount Santrol Holdings Inc. will post $0.27 earnings per share for the current fiscal year.
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.
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