Geode Capital Management LLC grew its holdings in shares of Fairmount Santrol (NYSE:FMSA) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,252,594 shares of the industrial products company’s stock after purchasing an additional 40,888 shares during the period. Geode Capital Management LLC’s holdings in Fairmount Santrol were worth $6,551,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in shares of Fairmount Santrol during the 3rd quarter valued at about $101,000. GSA Capital Partners LLP boosted its position in shares of Fairmount Santrol by 92.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 10,726 shares during the last quarter. Ferris Capital LLC bought a new stake in shares of Fairmount Santrol during the 4th quarter valued at about $126,000. NEXT Financial Group Inc lifted its position in Fairmount Santrol by 86.2% in the 4th quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after buying an additional 11,200 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in Fairmount Santrol in the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.
Shares of FMSA stock opened at $5.15 on Monday. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 2.28. Fairmount Santrol has a fifty-two week low of $2.46 and a fifty-two week high of $6.59. The company has a market capitalization of $1,139.68, a price-to-earnings ratio of 21.46 and a beta of 2.17.
Fairmount Santrol (NYSE:FMSA) last announced its quarterly earnings data on Thursday, March 8th. The industrial products company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). Fairmount Santrol had a net margin of 5.60% and a return on equity of 20.31%. The company had revenue of $273.90 million during the quarter, compared to the consensus estimate of $279.50 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The business’s revenue for the quarter was up 94.9% compared to the same quarter last year. equities analysts predict that Fairmount Santrol will post 0.67 EPS for the current year.
In other Fairmount Santrol news, Director William E. Conway bought 50,000 shares of Fairmount Santrol stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average cost of $4.26 per share, with a total value of $213,000.00. Following the completion of the purchase, the director now owns 56,549 shares of the company’s stock, valued at $240,898.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jenniffer D. Deckard sold 6,450 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $4.46, for a total value of $28,767.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 56,600 shares of company stock valued at $240,570 and sold 28,626 shares valued at $128,051. Insiders own 9.80% of the company’s stock.
A number of analysts recently weighed in on the company. Scotia Howard Weill restated a “sector perform” rating on shares of Fairmount Santrol in a research report on Friday, January 12th. Howard Weil downgraded Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Cowen set a $6.00 target price on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada set a $7.00 target price on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, December 21st. One research 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 currently has an average rating of “Hold” and an average price target of $5.95.
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Fairmount Santrol Profile
Fairmount Santrol Holdings Inc, together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe.
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