Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) dropped 0.4% during trading on Tuesday . The stock traded as low as $4.34 and last traded at $4.64. Approximately 2,606,600 shares changed hands during trading, a decline of 57% from the average daily volume of 6,043,682 shares. The stock had previously closed at $4.66.
FMSA has been the topic of several research reports. Citigroup Inc. upped their price target on Fairmount Santrol Holdings from $4.25 to $6.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Jefferies Group LLC cut their price target on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $4.50 price target on shares of Fairmount Santrol Holdings in a research note on Monday, August 7th. Cowen and Company set a $6.00 price target on Fairmount Santrol Holdings and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Fairmount Santrol Holdings has an average rating of “Hold” and a consensus price target of $6.44.
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 firm has a market capitalization of $1,040.00, a price-to-earnings ratio of 116.50 and a beta of 2.06.
Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 Holdings had a return on equity of 4.05% and a net margin of 1.69%. The business’s revenue was up 107.8% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. analysts predict that Fairmount Santrol Holdings Inc. will post 0.27 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FMSA. ING Groep NV acquired a new stake in shares of Fairmount Santrol Holdings in the third quarter valued at approximately $24,846,000. Elliott Management Corp acquired a new stake in shares of Fairmount Santrol Holdings in the second quarter valued at approximately $18,720,000. State Street Corp lifted its position in shares of Fairmount Santrol Holdings by 50.9% in the second quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after buying an additional 1,540,859 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Fairmount Santrol Holdings in the second quarter valued at approximately $5,690,000. Finally, 1060 Capital LLC acquired a new stake in shares of Fairmount Santrol Holdings in the second quarter valued at approximately $3,914,000. 83.17% of the stock is owned by institutional investors.
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About Fairmount Santrol Holdings
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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