Legal & General Group Plc increased its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 66.4% during the first quarter, Holdings Channel reports. The institutional investor owned 37,323 shares of the industrial products company’s stock after buying an additional 14,893 shares during the period. Legal & General Group Plc’s holdings in Fairmount Santrol Holdings were worth $274,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Exane Derivatives bought a new stake in shares of Fairmount Santrol Holdings during the first quarter worth $213,000. Wellington Management Group LLP boosted its stake in shares of Fairmount Santrol Holdings by 1,333.9% in the first quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock valued at $3,251,000 after buying an additional 412,604 shares during the period. Viking Fund Management LLC boosted its stake in shares of Fairmount Santrol Holdings by 32.8% in the first quarter. Viking Fund Management LLC now owns 1,660,000 shares of the industrial products company’s stock valued at $12,168,000 after buying an additional 410,000 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Fairmount Santrol Holdings by 31.4% in the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock valued at $1,981,000 after buying an additional 64,575 shares during the period. Finally, Clinton Group Inc. acquired a new stake in shares of Fairmount Santrol Holdings during the first quarter valued at approximately $132,000. Institutional investors and hedge funds own 85.06% of the company’s stock.

Fairmount Santrol Holdings Inc. (NYSE:FMSA) opened at 2.80 on Thursday. The company has a 50-day moving average price of $3.32 and a 200-day moving average price of $6.49. The stock’s market cap is $627.24 million. Fairmount Santrol Holdings Inc. has a 52 week low of $2.51 and a 52 week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 28.04% and a negative net margin of 6.11%. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.16 million. During the same quarter in the prior year, the firm posted ($0.54) earnings per share. The company’s quarterly revenue was up 104.2% on a year-over-year basis. Analysts anticipate that Fairmount Santrol Holdings Inc. will post $0.24 earnings per share for the current year.

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

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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