Pine River Capital Management L.P. lessened its holdings in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 29.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 652,821 shares of the industrial products company’s stock after selling 267,179 shares during the quarter. Pine River Capital Management L.P. owned about 0.29% of Fairmount Santrol Holdings worth $2,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FMSA. Voya Investment Management LLC grew its holdings in Fairmount Santrol Holdings by 96.9% during the 2nd quarter. Voya Investment Management LLC now owns 70,711 shares of the industrial products company’s stock valued at $276,000 after buying an additional 34,797 shares in the last quarter. Virtu KCG Holdings LLC grew its holdings in Fairmount Santrol Holdings by 77.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 89,471 shares of the industrial products company’s stock valued at $349,000 after buying an additional 39,047 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Fairmount Santrol Holdings by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock valued at $669,000 after buying an additional 7,472 shares in the last quarter. Nordea Investment Management AB grew its holdings in Fairmount Santrol Holdings by 216.5% during the 2nd quarter. Nordea Investment Management AB now owns 520,935 shares of the industrial products company’s stock valued at $2,032,000 after buying an additional 356,330 shares in the last quarter. Finally, Hunter Associates Investment Management LLC purchased a new position in Fairmount Santrol Holdings during the 2nd quarter valued at approximately $378,000. 84.17% of the stock is currently owned by institutional investors.

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Several equities analysts have weighed in on the company. Jefferies Group LLC set a $8.00 price target on Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. BidaskClub upgraded Fairmount Santrol Holdings from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup Inc. raised their price target on Fairmount Santrol Holdings from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, June 9th. Janney Montgomery Scott assumed coverage on Fairmount Santrol Holdings in a report on Thursday, June 15th. They set a “neutral” rating and a $5.60 price target for the company. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.94.

Fairmount Santrol Holdings Inc. (NYSE FMSA) traded down 1.65% during trading on Friday, reaching $4.78. The company had a trading volume of 6,981,692 shares. The firm’s market capitalization is $1.07 billion. The company’s 50-day moving average is $2.90 and its 200 day moving average is $4.66. Fairmount Santrol Holdings Inc. has a 52 week low of $2.46 and a 52 week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.54) earnings per share. Equities analysts anticipate that Fairmount Santrol Holdings Inc. will post $0.27 EPS for the current year.

Fairmount Santrol Holdings Profile

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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