California State Teachers Retirement System increased its stake in FMSA Holdings Inc. (NYSE:FMSA) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,086 shares of the company’s stock after buying an additional 2,546 shares during the period. California State Teachers Retirement System owned about 0.09% of FMSA Holdings worth $1,065,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Viking Fund Management LLC acquired a new position in shares of FMSA Holdings during the second quarter worth approximately $5,551,000. Bank of New York Mellon Corp raised its position in shares of FMSA Holdings by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 569,467 shares of the company’s stock worth $4,392,000 after buying an additional 83,794 shares during the period. Geode Capital Management LLC raised its position in shares of FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock worth $1,046,000 after buying an additional 28,917 shares during the period. Finally, State Street Corp raised its position in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock worth $2,194,000 after buying an additional 11,165 shares during the period. Hedge funds and other institutional investors own 14.36% of the company’s stock.
FMSA Holdings Inc. (NYSE:FMSA) traded down 0.70% during trading on Monday, reaching $7.08. The company’s stock had a trading volume of 1,225,360 shares. The stock’s market cap is $1.36 billion. The firm has a 50 day moving average price of $7.59 and a 200-day moving average price of $5.69. FMSA Holdings Inc. has a 52-week low of $1.00 and a 52-week high of $8.83.
FMSA Holdings (NYSE:FMSA) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.41. The company earned $114.20 million during the quarter, compared to analyst estimates of $129.35 million. FMSA Holdings had a negative net margin of 41.85% and a positive return on equity of 36.13%. FMSA Holdings’s revenue was down 48.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, analysts expect that FMSA Holdings Inc. will post ($0.43) earnings per share for the current year.
A number of analysts have recently issued reports on the company. Credit Suisse Group AG restated a “hold” rating and set a $7.00 price objective on shares of FMSA Holdings in a research report on Tuesday, September 20th. Citigroup Inc. set a $9.50 price objective on FMSA Holdings and gave the company a “buy” rating in a research report on Monday, September 12th. Barclays PLC assumed coverage on FMSA Holdings in a research report on Wednesday, August 10th. They set an “equal weight” rating and a $9.00 price objective on the stock. Cowen and Company upgraded FMSA Holdings from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $4.00 to $8.50 in a research report on Tuesday, July 26th. Finally, Simmons upgraded FMSA Holdings to a “buy” rating and set a $8.00 price objective on the stock in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $7.01.
In related news, Director Charles D. Fowler acquired 1,666,666 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was purchased at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the acquisition, the director now directly owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.20% of the stock is owned by company insiders.
About FMSA Holdings
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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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