MARSHALL WACE ASIA Ltd Takes Position in Fairmount Santrol Holdings Inc (FMSA)

MARSHALL WACE ASIA Ltd acquired a new position in Fairmount Santrol Holdings Inc (NYSE:FMSA) during the first quarter, Holdings Channel reports. The firm acquired 2,804,276 shares of the industrial products company’s stock, valued at approximately $19,630,000.

A number of other large investors also recently modified their holdings of FMSA. Russell Investments Group Ltd. bought a new stake in shares of Fairmount Santrol Holdings during the fourth quarter worth approximately $1,057,000. State Street Corp raised its position in shares of Fairmount Santrol Holdings by 34.2% in the fourth quarter. State Street Corp now owns 2,758,795 shares of the industrial products company’s stock valued at $32,531,000 after buying an additional 702,301 shares during the period. Oxford Asset Management acquired a new position in shares of Fairmount Santrol Holdings during the fourth quarter valued at about $2,399,000. FMR LLC acquired a new position in shares of Fairmount Santrol Holdings during the fourth quarter valued at about $14,216,000. Finally, Systematic Financial Management LP raised its position in shares of Fairmount Santrol Holdings by 72.7% in the fourth quarter. Systematic Financial Management LP now owns 332,845 shares of the industrial products company’s stock valued at $3,924,000 after buying an additional 140,145 shares during the period. 24.33% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Fairmount Santrol Holdings (NYSE:FMSA)

Shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) traded up 4.61% during mid-day trading on Friday, hitting $4.54. 7,003,619 shares of the company were exchanged. Fairmount Santrol Holdings Inc has a 12-month low of $4.15 and a 12-month high of $13.12. The firm has a 50 day moving average of $5.16 and a 200 day moving average of $8.64. The company’s market capitalization is $1.02 billion.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its earnings results on Thursday, May 4th. The industrial products company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Fairmount Santrol Holdings had a negative net margin of 6.61% and a negative return on equity of 18.82%. The company had revenue of $172.60 million during the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The business’s revenue was up 18.6% on a year-over-year basis. Equities research analysts forecast that Fairmount Santrol Holdings Inc will post $0.22 earnings per share for the current year.

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Several brokerages have recently issued reports on FMSA. Citigroup Inc reaffirmed a “buy” rating and issued a $8.00 target price (up previously from $7.00) on shares of Fairmount Santrol Holdings in a research note on Friday. Jefferies Group LLC set a $8.00 target price on shares of Fairmount Santrol Holdings and gave the company a “buy” rating in a research note on Tuesday. ValuEngine lowered shares of Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Evercore ISI began coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, May 25th. They issued an “in-line” rating and a $6.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Fairmount Santrol Holdings currently has an average rating of “Buy” and a consensus price target of $10.00.

In related news, CFO Michael F. Biehl sold 14,050 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $4.79, for a total value of $67,299.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.20% of the company’s stock.

About Fairmount Santrol Holdings

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FMSA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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