Fuller & Thaler Asset Management Inc. Invests $3.07 Million in Smart Sand Inc (SND)
Fuller & Thaler Asset Management Inc. bought a new stake in Smart Sand Inc (NASDAQ:SND) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 452,684 shares of the company’s stock, valued at approximately $3,069,000. Fuller & Thaler Asset Management Inc. owned approximately 1.12% of Smart Sand at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. American International Group Inc. acquired a new stake in Smart Sand during the 1st quarter worth $116,000. Alliancebernstein L.P. acquired a new stake in Smart Sand during the 1st quarter worth $216,000. Vanguard Group Inc. boosted its stake in Smart Sand by 113.5% during the 1st quarter. Vanguard Group Inc. now owns 756,457 shares of the company’s stock worth $12,292,000 after purchasing an additional 402,123 shares during the period. Geode Capital Management LLC boosted its stake in Smart Sand by 49.5% during the 1st quarter. Geode Capital Management LLC now owns 186,478 shares of the company’s stock worth $3,030,000 after purchasing an additional 61,776 shares during the period. Finally, UBS Group AG boosted its stake in Smart Sand by 472.6% during the 1st quarter. UBS Group AG now owns 12,826 shares of the company’s stock worth $209,000 after purchasing an additional 10,586 shares during the period. Institutional investors and hedge funds own 50.92% of the company’s stock.
A number of analysts recently weighed in on SND shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $8.15 price target (up previously from $7.75) on shares of Smart Sand in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Smart Sand from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. Jefferies Group LLC set a $7.00 price target on shares of Smart Sand and gave the stock a “buy” rating in a research note on Monday, August 28th. BidaskClub upgraded shares of Smart Sand from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Deutsche Bank AG started coverage on shares of Smart Sand in a research note on Tuesday, October 10th. They set a “buy” rating and a $9.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Smart Sand currently has an average rating of “Buy” and an average price target of $12.80.
Smart Sand Inc (SND) opened at $8.03 on Friday. The company has a market cap of $319.11 and a price-to-earnings ratio of 11.79. Smart Sand Inc has a 12-month low of $4.81 and a 12-month high of $21.99.
Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $39.33 million during the quarter, compared to the consensus estimate of $33.60 million. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. Smart Sand’s quarterly revenue was up 259.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. analysts forecast that Smart Sand Inc will post 0.4 earnings per share for the current year.
Smart Sand Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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