Fairmount Santrol Holdings Inc (NYSE:FMSA) was the target of unusually large options trading activity on Tuesday. Traders acquired 4,941 call options on the company. This is an increase of approximately 871% compared to the typical daily volume of 509 call options.
A number of equities analysts have recently commented on the stock. Cowen set a $6.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Thursday, January 11th. Howard Weil lowered shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Scotia Howard Weill reissued a “sector perform” rating on shares of Fairmount Santrol in a report on Friday, January 12th. Zacks Investment Research lowered shares of Fairmount Santrol from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada set a $7.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.95.
Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Fairmount Santrol in the 4th quarter valued at $419,000. Millennium Management LLC boosted its stake in shares of Fairmount Santrol by 158.4% in the 4th quarter. Millennium Management LLC now owns 10,112,026 shares of the industrial products company’s stock valued at $52,886,000 after purchasing an additional 6,198,262 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Fairmount Santrol by 437.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,350 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 24,700 shares in the last quarter. Credit Capital Investments LLC purchased a new stake in shares of Fairmount Santrol in the 4th quarter valued at $1,229,000. Finally, Deutsche Bank AG boosted its stake in shares of Fairmount Santrol by 40.1% in the 4th quarter. Deutsche Bank AG now owns 426,265 shares of the industrial products company’s stock valued at $2,228,000 after purchasing an additional 121,936 shares in the last quarter. 73.21% of the stock is owned by institutional investors.
Shares of Fairmount Santrol (NYSE FMSA) opened at $4.60 on Thursday. Fairmount Santrol has a 12 month low of $2.46 and a 12 month high of $13.02. The stock has a market cap of $1,030.00, a price-to-earnings ratio of 92.00 and a beta of 2.05. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65.
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About Fairmount Santrol
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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