Johnson Rice initiated coverage on shares of FMSA Holdings Inc. (NYSE:FMSA) in a research note issued to investors on Monday. The brokerage issued an accumulate rating and a $11.00 price objective on the stock.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised FMSA Holdings from a hold rating to a buy rating and set a $10.00 price target for the company in a research report on Wednesday, October 5th. Credit Suisse Group AG reaffirmed a hold rating and set a $7.00 price target on shares of FMSA Holdings in a research report on Tuesday, September 20th. Citigroup Inc. set a $9.50 price target on FMSA Holdings and gave the stock 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 target for the company. Finally, Cowen and Company raised FMSA Holdings from a market perform rating to an outperform rating and upped their price target for the stock from $4.00 to $8.50 in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $7.57.
FMSA Holdings (NYSE:FMSA) opened at 9.50 on Monday. The company’s 50-day moving average is $7.95 and its 200-day moving average is $6.26. The company’s market cap is $1.82 billion. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $9.86.
FMSA Holdings (NYSE:FMSA) last released 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 business earned $114.20 million during the quarter, compared to analysts’ expectations of $129.35 million. During the same period in the prior year, the business posted $0.02 earnings per share. The firm’s revenue was down 48.5% on a year-over-year basis. On average, equities research analysts anticipate that FMSA Holdings will post ($0.42) earnings per share for the current year.
In other news, Director Charles D. Fowler acquired 1,666,666 shares of the stock in a transaction on Tuesday, July 26th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $9,916,662.70. Following the transaction, 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 is available through the SEC website. Company insiders own 16.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock valued at $19,263,000 after buying an additional 56,680 shares during the last quarter. Viking Fund Management LLC raised its stake in FMSA Holdings by 50.0% in the third quarter. Viking Fund Management LLC now owns 1,080,000 shares of the company’s stock valued at $9,158,000 after buying an additional 360,000 shares during the period. State Street Corp raised its stake in FMSA Holdings by 9.0% in the second quarter. State Street Corp now owns 950,827 shares of the company’s stock valued at $7,335,000 after buying an additional 78,558 shares during the period. Bank of New York Mellon Corp raised its stake in 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 valued at $4,392,000 after buying an additional 83,794 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in FMSA Holdings by 51.8% in the second quarter. Parametric Portfolio Associates LLC now owns 454,708 shares of the company’s stock valued at $3,506,000 after buying an additional 155,068 shares during the period. Hedge funds and other institutional investors own 14.36% of the company’s stock.
FMSA Holdings Company Profile
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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