Emerald Acquisition Ltd. acquired a new position in shares of FMSA Holdings Inc. (NYSE:FMSA) during the second quarter, Holdings Channel reports. The institutional investor acquired 133,124 shares of the company’s stock, valued at approximately $1,026,000. Emerald Acquisition Ltd. owned 0.08% of FMSA Holdings as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. State Street Corp increased its stake 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. Geode Capital Management LLC increased its stake 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. Viking Fund Management LLC bought a new stake in shares of FMSA Holdings during the second quarter worth approximately $5,551,000. Bank of New York Mellon Corp increased its stake 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. Finally, California State Teachers Retirement System increased its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares during the period. Institutional investors own 14.36% of the company’s stock.
Shares of FMSA Holdings Inc. (NYSE:FMSA) traded up 5.154% during mid-day trading on Monday, hitting $9.569. The company had a trading volume of 743,878 shares. The firm’s 50-day moving average price is $7.73 and its 200 day moving average price is $6.09. The company’s market capitalization is $1.83 billion. FMSA Holdings Inc. has a one year low of $1.00 and a one year high of $9.69.
FMSA Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.41. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. FMSA Holdings’s quarterly revenue was down 48.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 earnings per share. Analysts predict that FMSA Holdings Inc. will post ($0.42) earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on FMSA shares. DA Davidson downgraded FMSA Holdings from a “buy” rating to an “underperform” rating and set a $5.00 price objective for the company. in a research report on Monday, June 13th. Citigroup Inc. started coverage on FMSA Holdings in a research report on Thursday, July 7th. They set a “buy” rating and a $10.00 price objective for the company. Jefferies Group reiterated a “hold” rating and set a $8.00 price objective (up previously from $4.00) on shares of FMSA Holdings in a research report on Monday, July 11th. Zacks Investment Research upgraded FMSA Holdings from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, July 12th. Finally, Wells Fargo & Co. upgraded FMSA Holdings from a “market perform” rating to an “outperform” rating in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $7.18.
In other FMSA Holdings news, Director Charles D. Fowler bought 1,666,666 shares of the stock in a transaction on Tuesday, July 26th. The stock was purchased at an average price of $5.95 per share, with a total value of $9,916,662.70. Following the acquisition, the director now owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 16.20% of the company’s stock.
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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