Fairmount Santrol Holdings Inc. (FMSA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 58.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 689,224 shares of the industrial products company’s stock after purchasing an additional 254,303 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of Fairmount Santrol Holdings worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. 1060 Capital LLC acquired a new position in Fairmount Santrol Holdings in the 2nd quarter valued at about $3,914,000. Vanguard Group Inc. increased its stake in shares of Fairmount Santrol Holdings by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 12,132,400 shares of the industrial products company’s stock valued at $88,930,000 after acquiring an additional 370,651 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Fairmount Santrol Holdings by 1,333.9% during the 1st quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock valued at $3,251,000 after acquiring an additional 412,604 shares during the last quarter. Clinton Group Inc. acquired a new position in shares of Fairmount Santrol Holdings during the 1st quarter valued at about $132,000. Finally, Wells Fargo & Company MN increased its stake in shares of Fairmount Santrol Holdings by 31.4% during the 1st quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock valued at $1,981,000 after acquiring an additional 64,575 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

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A number of research firms have recently commented on FMSA. Howard Weil reaffirmed a “sector outperform” rating on shares of Fairmount Santrol Holdings in a research note on Wednesday, June 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Fairmount Santrol Holdings in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) downgraded shares of Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $11.00 to $2.00 in a research report on Thursday, July 20th. BidaskClub raised shares of Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $4.50 target price on shares of Fairmount Santrol Holdings in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.79.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $231.16 million. During the same quarter in the previous year, the company posted ($0.54) EPS. The business’s revenue for the quarter was up 104.2% compared to the same quarter last year.

Fairmount Santrol Holdings 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.

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

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