State Board of Administration of Florida Retirement System raised its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 138.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 75,230 shares of the industrial products company’s stock after acquiring an additional 43,680 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Fairmount Santrol Holdings were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC lifted its stake in shares of Fairmount Santrol Holdings by 4.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock worth $669,000 after acquiring an additional 7,472 shares during the period. AQR Capital Management LLC lifted its stake in shares of Fairmount Santrol Holdings by 8.0% in the first quarter. AQR Capital Management LLC now owns 129,611 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 9,653 shares during the period. Legal & General Group Plc lifted its stake in shares of Fairmount Santrol Holdings by 28.1% in the second quarter. Legal & General Group Plc now owns 47,817 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 10,494 shares during the period. Capital Innovations LLC lifted its stake in shares of Fairmount Santrol Holdings by 53.7% in the second quarter. Capital Innovations LLC now owns 39,485 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13,800 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Fairmount Santrol Holdings by 34.4% in the first quarter. Bank of America Corp DE now owns 58,436 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 14,946 shares during the period. Institutional investors own 84.07% of the company’s stock.

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Several brokerages recently commented on FMSA. Barclays PLC raised their price objective on shares of Fairmount Santrol Holdings from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Monday. Cowen and Company set a $6.00 price objective on shares of Fairmount Santrol Holdings and gave the company a “buy” rating in a research note on Wednesday, October 18th. BidaskClub upgraded shares of Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $4.50 price objective on shares of Fairmount Santrol Holdings in a research note on Monday, August 7th. Finally, Credit Suisse Group raised their price objective on shares of Fairmount Santrol Holdings from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.31.

Shares of Fairmount Santrol Holdings Inc. (NYSE FMSA) opened at $5.06 on Tuesday. The company has a market cap of $1,100.00, a PE ratio of 122.50 and a beta of 2.06. Fairmount Santrol Holdings Inc. has a twelve month low of $2.46 and a twelve month high of $13.12. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol Holdings had a net margin of 1.69% and a return on equity of 4.05%. The company’s quarterly revenue was up 107.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. research analysts predict that Fairmount Santrol Holdings Inc. will post 0.28 EPS for the current year.

Fairmount Santrol Holdings Company 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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