Tortoise Capital Advisors L.L.C. cut its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 13.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,078 shares of the industrial products company’s stock after selling 41,358 shares during the quarter. Tortoise Capital Advisors L.L.C. owned approximately 0.12% of Fairmount Santrol worth $1,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FMSA. Bank of America Corp DE increased its holdings in Fairmount Santrol by 34.4% in the 1st quarter. Bank of America Corp DE now owns 58,436 shares of the industrial products company’s stock worth $428,000 after buying an additional 14,946 shares during the period. Credit Suisse AG boosted its position in Fairmount Santrol by 21.1% in the 1st quarter. Credit Suisse AG now owns 114,036 shares of the industrial products company’s stock worth $836,000 after purchasing an additional 19,838 shares in the last quarter. Bank of Montreal Can boosted its position in Fairmount Santrol by 8,632.6% in the 2nd quarter. Bank of Montreal Can now owns 83,658 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 82,700 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Fairmount Santrol by 12.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 602,375 shares of the industrial products company’s stock worth $2,350,000 after purchasing an additional 65,926 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Fairmount Santrol by 56.8% in the 2nd quarter. Rhumbline Advisers now owns 177,544 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 64,314 shares in the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.

Shares of Fairmount Santrol Holdings Inc. (NYSE FMSA) opened at $5.16 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $1,140.63, a price-to-earnings ratio of 127.25 and a beta of 2.11. Fairmount Santrol Holdings Inc. has a 52 week low of $2.46 and a 52 week high of $13.12.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The company’s quarterly revenue was up 107.8% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. sell-side analysts anticipate that Fairmount Santrol Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

Several equities research analysts have commented on FMSA shares. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Citigroup increased their target price on Fairmount Santrol from $4.25 to $6.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. BidaskClub upgraded Fairmount Santrol from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Jefferies Group decreased their target price on Fairmount Santrol from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Finally, Royal Bank of Canada set a $6.00 target price on Fairmount Santrol and gave the company a “buy” rating in a research report on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.39.

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

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