Fairmount Santrol (FMSA) Stock Price Down 6.3%

Fairmount Santrol Holdings Inc. (NYSE:FMSA)’s share price dropped 6.3% during trading on Thursday . The stock traded as low as $4.61 and last traded at $4.64. Approximately 3,976,261 shares changed hands during trading, an increase of 31% from the average daily volume of 3,034,617 shares. The stock had previously closed at $4.95.

FMSA has been the subject of several recent analyst reports. Royal Bank of Canada set a $6.00 target price on Fairmount Santrol and gave the stock a “buy” rating in a research report on Sunday, November 12th. Zacks Investment Research upgraded Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies restated a “buy” rating and set a $6.15 target price on shares of Fairmount Santrol in a research report on Tuesday, December 26th. Howard Weil cut Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Finally, Wells Fargo & Co cut Fairmount Santrol from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. One equities 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 stock. Fairmount Santrol currently has an average rating of “Hold” and an average price target of $5.95.

The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. The firm has a market capitalization of $1,039.79, a price-to-earnings ratio of 74.50 and a beta of 2.05.

Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in shares of Fairmount Santrol by 168.7% in the 2nd quarter. Alliancebernstein L.P. now owns 395,620 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 248,400 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Fairmount Santrol by 96.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock worth $6,762,000 after purchasing an additional 692,814 shares in the last quarter. Boston Partners bought a new stake in shares of Fairmount Santrol in the 3rd quarter valued at about $3,879,000. JPMorgan Chase & Co. lifted its stake in shares of Fairmount Santrol by 58.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock valued at $2,687,000 after acquiring an additional 254,303 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Fairmount Santrol by 68.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 50,298 shares during the last quarter. Hedge funds and other institutional investors own 75.32% of the company’s stock.

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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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