Credit Capital Investments LLC acquired a new stake in Fairmount Santrol Holdings Inc (NYSE:FMSA) in the fourth quarter, Holdings Channel reports. The fund acquired 235,000 shares of the industrial products company’s stock, valued at approximately $1,229,000. Fairmount Santrol accounts for 1.3% of Credit Capital Investments LLC’s investment portfolio, making the stock its 20th biggest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ING Groep NV bought a new stake in shares of Fairmount Santrol during the 3rd quarter worth approximately $24,846,000. SailingStone Capital Partners LLC bought a new stake in shares of Fairmount Santrol during the 4th quarter worth approximately $24,371,000. Think Investments LP bought a new stake in shares of Fairmount Santrol during the 3rd quarter worth approximately $17,643,000. State Street Corp lifted its holdings in shares of Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after acquiring an additional 1,540,859 shares during the period. Finally, Majedie Asset Management Ltd bought a new stake in shares of Fairmount Santrol during the 4th quarter worth approximately $4,843,000. 74.84% of the stock is owned by hedge funds and other institutional investors.
Fairmount Santrol Holdings Inc (NYSE FMSA) opened at $4.33 on Friday. The stock has a market cap of $940.01, a P/E ratio of 16.76 and a beta of 2.20. Fairmount Santrol Holdings Inc has a 12-month low of $2.46 and a 12-month high of $8.20. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.
In other Fairmount Santrol news, insider Jenniffer D. Deckard sold 6,450 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $4.46, for a total value of $28,767.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerald L. Clancey sold 10,477 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.49, for a total transaction of $47,041.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,626 shares of company stock valued at $128,051. 9.80% of the stock is owned by corporate insiders.
FMSA has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $6.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Sunday, November 12th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.15 price target on shares of Fairmount Santrol in a report on Tuesday, December 26th. Howard Weil downgraded shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. B. Riley initiated coverage on shares of Fairmount Santrol in a report on Thursday, December 7th. They set a “neutral” rating and a $5.50 price target for the company. Finally, ValuEngine raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.95.
About Fairmount Santrol
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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