Fairmount Santrol Holdings Inc (FMSA) Receives “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) in a research report released on Friday, May 5th. They currently have a $8.00 price objective on the industrial products company’s stock.

“FMSA is down 62% in the last 10 weeks (we upgraded it to Buy down 41%) on (1) macro concerns, (2) frac sand oversupply risk, (3) its high debt level and (4) its cost position ex-Wedron.”,” the firm’s analyst wrote.

Several other equities research analysts also recently issued reports on the company. Barclays PLC upgraded Fairmount Santrol Holdings from an equal weight rating to an overweight rating and lifted their price objective for the stock from $10.00 to $15.00 in a report on Monday, January 9th. Zacks Investment Research upgraded Fairmount Santrol Holdings from a hold rating to a strong-buy rating and set a $14.00 price objective on the stock in a report on Monday, January 23rd. Royal Bank of Canada restated a buy rating and set a $16.00 price objective on shares of Fairmount Santrol Holdings in a report on Wednesday, February 1st. Cowen and Company restated an outperform rating and set a $16.00 price objective on shares of Fairmount Santrol Holdings in a report on Saturday, March 11th. Finally, Citigroup Inc reissued a buy rating on shares of Fairmount Santrol Holdings in a research report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $10.52.

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

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 consensus estimate of ($0.04) by $0.01. The company had revenue of $172.60 million during the quarter, compared to analyst estimates of $169.50 million. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) EPS. On average, equities research analysts forecast that Fairmount Santrol Holdings will post $0.23 EPS for the current fiscal year.

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In other Fairmount Santrol Holdings news, CFO Michael F. Biehl sold 14,050 shares of the stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 16.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $32,531,000 after buying an additional 702,301 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the industrial products company’s stock worth $1,414,000 after buying an additional 54,748 shares during the last quarter. Exane Derivatives purchased a new position in shares of Fairmount Santrol Holdings during the first quarter worth approximately $213,000. FMR LLC purchased a new position in shares of Fairmount Santrol Holdings during the fourth quarter worth approximately $14,216,000. Finally, Guggenheim Capital LLC raised its position in shares of Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 104,695 shares during the last quarter. Hedge funds and other institutional investors own 24.33% 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.

12 Month Chart for NYSE:FMSA

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