Wells Fargo & Company MN increased its position in shares of Smart Sand Inc (NASDAQ:SND) by 215.2% during the 3rd quarter, Holdings Channel reports. The firm owned 389,083 shares of the company’s stock after purchasing an additional 265,657 shares during the period. Wells Fargo & Company MN’s holdings in Smart Sand were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. bought a new position in Smart Sand during the second quarter worth $1,249,000. Ameriprise Financial Inc. bought a new position in Smart Sand during the second quarter worth $3,965,000. Victory Capital Management Inc. lifted its stake in Smart Sand by 51.8% during the third quarter. Victory Capital Management Inc. now owns 3,205,268 shares of the company’s stock worth $21,732,000 after purchasing an additional 1,093,368 shares during the last quarter. Vanguard Group Inc. lifted its stake in Smart Sand by 16.2% during the second quarter. Vanguard Group Inc. now owns 878,645 shares of the company’s stock worth $7,829,000 after purchasing an additional 122,188 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Smart Sand by 10.4% during the third quarter. Prudential Financial Inc. now owns 369,220 shares of the company’s stock worth $2,503,000 after purchasing an additional 34,760 shares during the last quarter. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Smart Sand Inc (NASDAQ:SND) opened at $10.60 on Friday. The stock has a market capitalization of $428.17, a PE ratio of 15.82 and a beta of 4.63. Smart Sand Inc has a fifty-two week low of $4.81 and a fifty-two week high of $21.99.

Smart Sand (NASDAQ:SND) last released its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The firm had revenue of $39.33 million for the quarter, compared to analyst estimates of $33.60 million. During the same period in the previous year, the company earned $0.06 earnings per share. Smart Sand’s revenue was up 259.8% compared to the same quarter last year. research analysts predict that Smart Sand Inc will post 0.4 EPS for the current fiscal year.

A number of brokerages have recently commented on SND. Piper Jaffray Companies reissued a “buy” rating on shares of Smart Sand in a report on Thursday, September 21st. Credit Suisse Group lifted their target price on Smart Sand from $5.50 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 14th. BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research lowered Smart Sand from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Jefferies Group set a $7.00 target price on Smart Sand and gave the stock a “buy” rating in a report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Smart Sand has an average rating of “Buy” and a consensus price target of $13.18.

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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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Institutional Ownership by Quarter for Smart Sand (NASDAQ:SND)

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