Tokio Marine Asset Management Co. Ltd. Invests $419,000 in Fairmount Santrol Holdings Inc (FMSA)

Tokio Marine Asset Management Co. Ltd. acquired a new position in Fairmount Santrol Holdings Inc (NYSE:FMSA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 57,100 shares of the industrial products company’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Innovations LLC boosted its position in shares of Fairmount Santrol Holdings by 4.6% in the first quarter. Capital Innovations LLC now owns 25,685 shares of the industrial products company’s stock worth $188,000 after buying an additional 1,130 shares in the last quarter. Schnieders Capital Management LLC boosted its position in shares of Fairmount Santrol Holdings by 46.7% in the first quarter. Schnieders Capital Management LLC now owns 15,700 shares of the industrial products company’s stock worth $115,000 after buying an additional 5,000 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Fairmount Santrol Holdings by 13.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 63,816 shares of the industrial products company’s stock worth $752,000 after buying an additional 7,438 shares in the last quarter. Tudor Investment Corp Et Al boosted its position in shares of Fairmount Santrol Holdings by 15.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 58,667 shares of the industrial products company’s stock worth $692,000 after buying an additional 7,650 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Fairmount Santrol Holdings by 35.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,739 shares of the industrial products company’s stock worth $551,000 after buying an additional 12,139 shares in the last quarter. Institutional investors own 24.33% of the company’s stock.

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

Fairmount Santrol Holdings Inc (NYSE:FMSA) traded up 3.32% during trading on Friday, hitting $5.91. The stock had a trading volume of 5,743,180 shares. Fairmount Santrol Holdings Inc has a 52 week low of $4.28 and a 52 week high of $13.12. The stock has a 50-day moving average price of $5.92 and a 200-day moving average price of $8.96. The company’s market cap is $1.32 billion.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $172.60 million for the quarter, compared to analysts’ expectations of $169.50 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Equities analysts predict that Fairmount Santrol Holdings Inc will post $0.23 EPS for the current year.

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A number of research analysts have commented on the company. Barclays PLC set a $9.00 price objective on Fairmount Santrol Holdings and gave the stock a “buy” rating in a research note on Saturday, March 25th. Zacks Investment Research cut Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Guggenheim reiterated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Monday, March 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $8.00 price target on shares of Fairmount Santrol Holdings in a research note on Monday. Finally, Scotiabank reiterated a “buy” rating and issued a $13.00 price target on shares of Fairmount Santrol Holdings in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.52.

In related news, CFO Michael F. Biehl sold 14,050 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $4.79, for a total value of $67,299.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.

5 Day Chart for NYSE:FMSA

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