New Generation Advisors LLC trimmed its position in shares of Fairmount Santrol (NYSE:FMSA) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334,864 shares of the industrial products company’s stock after selling 144,497 shares during the period. Fairmount Santrol comprises approximately 3.5% of New Generation Advisors LLC’s portfolio, making the stock its 11th biggest holding. New Generation Advisors LLC owned about 0.59% of Fairmount Santrol worth $5,673,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in FMSA. Dimensional Fund Advisors LP purchased a new stake in shares of Fairmount Santrol during the third quarter worth $101,000. Ferris Capital LLC purchased a new stake in shares of Fairmount Santrol during the fourth quarter worth $126,000. Chicago Equity Partners LLC purchased a new stake in shares of Fairmount Santrol during the fourth quarter worth $135,000. Bank of Montreal Can increased its position in Fairmount Santrol by 1,537.2% during the fourth quarter. Bank of Montreal Can now owns 27,308 shares of the industrial products company’s stock worth $142,000 after buying an additional 25,640 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Fairmount Santrol by 99.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,300 shares of the industrial products company’s stock worth $143,000 after buying an additional 13,600 shares during the last quarter. Institutional investors and hedge funds own 71.48% of the company’s stock.
Shares of NYSE:FMSA opened at $5.63 on Monday. The stock has a market capitalization of $1.30 billion, a PE ratio of 23.46 and a beta of 2.13. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $6.39. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.77 and a current ratio of 2.19.
Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $273.34 million for the quarter, compared to the consensus estimate of $270.29 million. Fairmount Santrol had a return on equity of 33.29% and a net margin of 8.89%. The firm’s revenue was up 58.4% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. sell-side analysts predict that Fairmount Santrol will post 0.69 earnings per share for the current year.
In other Fairmount Santrol news, Director William E. Conway purchased 50,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were bought at an average cost of $4.26 per share, with a total value of $213,000.00. Following the completion of the transaction, the director now owns 56,549 shares in the company, valued at approximately $240,898.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 57,239 shares of company stock worth $244,474. 9.80% of the stock is currently owned by company insiders.
FMSA has been the topic of several analyst reports. Cowen reissued a “buy” rating and set a $6.00 target price on shares of Fairmount Santrol in a research report on Friday, April 13th. Piper Jaffray Companies set a $6.00 target price on shares of Fairmount Santrol and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Barclays reissued a “hold” rating and set a $6.00 target price on shares of Fairmount Santrol in a research report on Sunday, May 6th. Zacks Investment Research raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Credit Suisse Group lowered their target price on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. Fairmount Santrol currently has an average rating of “Hold” and an average price target of $6.01.
About Fairmount Santrol
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.
Want to see what other hedge funds are holding FMSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fairmount Santrol (NYSE:FMSA).
Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.