Jane Street Group LLC increased its stake in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 75.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,152 shares of the industrial products company’s stock after purchasing an additional 70,853 shares during the quarter. Jane Street Group LLC owned 0.07% of Fairmount Santrol worth $785,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in FMSA. Schwab Charles Investment Management Inc. increased its holdings in shares of Fairmount Santrol by 6.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 536,449 shares of the industrial products company’s stock valued at $3,933,000 after purchasing an additional 34,092 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Fairmount Santrol by 34.4% in the 1st quarter. Bank of America Corp DE now owns 58,436 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 14,946 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Fairmount Santrol by 21.1% in the 1st quarter. Credit Suisse AG now owns 114,036 shares of the industrial products company’s stock valued at $836,000 after purchasing an additional 19,838 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Fairmount Santrol by 8,632.6% in the 2nd quarter. Bank of Montreal Can now owns 83,658 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 82,700 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Fairmount Santrol by 56.8% in the 2nd quarter. Rhumbline Advisers now owns 177,544 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 64,314 shares in the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.
Several research firms have weighed in on FMSA. Jefferies Group dropped their target price on shares of Fairmount Santrol from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 28th. BidaskClub upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. KeyCorp restated an “overweight” rating and set a $6.50 target price on shares of Fairmount Santrol in a report on Wednesday, October 4th. Citigroup raised their target price on shares of Fairmount Santrol from $4.25 to $6.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Wells Fargo & Company downgraded shares of Fairmount Santrol from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.39.
Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company’s quarterly revenue was up 107.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. research analysts predict that Fairmount Santrol Holdings Inc. will post 0.29 EPS for the current year.
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Fairmount Santrol Company 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.
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