Fairmount Santrol Holdings Inc. (NYSE:FMSA) Shares Bought by Morgan Stanley

Morgan Stanley boosted its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 7.8% during the first quarter, Holdings Channel reports. The fund owned 731,568 shares of the industrial products company’s stock after buying an additional 52,984 shares during the period. Morgan Stanley’s holdings in Fairmount Santrol Holdings were worth $5,362,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Schnieders Capital Management LLC increased 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 during the last quarter. Clinton Group Inc. acquired a new position in shares of Fairmount Santrol Holdings during the first quarter worth $132,000. Princeton Alpha Management LP acquired a new position in shares of Fairmount Santrol Holdings during the first quarter worth $141,000. RidgeWorth Capital Management LLC acquired a new position in shares of Fairmount Santrol Holdings during the first quarter worth $151,000. Finally, First Dallas Securities Inc. acquired a new position in shares of Fairmount Santrol Holdings during the first quarter worth $157,000. 85.06% of the stock is owned by institutional investors and hedge funds.

Fairmount Santrol Holdings Inc. (FMSA) traded down 3.51% on Tuesday, reaching $2.75. The company had a trading volume of 759,400 shares. Fairmount Santrol Holdings Inc. has a 12-month low of $2.58 and a 12-month high of $13.12. The stock’s 50 day moving average price is $3.55 and its 200-day moving average price is $6.83. The stock’s market capitalization is $615.84 million.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 28.04%. Fairmount Santrol Holdings’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.54) EPS. Equities analysts expect that Fairmount Santrol Holdings Inc. will post $0.23 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on FMSA shares. Northcoast Research upgraded Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Credit Suisse Group downgraded Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $4.00 in a research note on Thursday, July 20th. Janney Montgomery Scott initiated coverage on Fairmount Santrol Holdings in a research note on Thursday, June 15th. They issued a “neutral” rating and a $5.60 price objective on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of Fairmount Santrol Holdings in a research note on Friday, May 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Fairmount Santrol Holdings currently has an average rating of “Hold” and a consensus target price of $7.13.

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.

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

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