Teachers Advisors LLC Acquires 18,431 Shares of Smart Sand Inc (SND)
Teachers Advisors LLC grew its holdings in Smart Sand Inc (NASDAQ:SND) by 93.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,146 shares of the company’s stock after purchasing an additional 18,431 shares during the period. Teachers Advisors LLC owned about 0.09% of Smart Sand worth $340,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of SND. Bank of New York Mellon Corp increased its holdings in Smart Sand by 47.5% during the first quarter. Bank of New York Mellon Corp now owns 132,644 shares of the company’s stock worth $2,155,000 after buying an additional 42,729 shares during the last quarter. American International Group Inc. acquired a new position in Smart Sand during the first quarter worth $116,000. Alliancebernstein L.P. acquired a new position in Smart Sand during the first quarter worth $216,000. Vanguard Group Inc. increased its holdings in Smart Sand by 113.5% during the first quarter. Vanguard Group Inc. now owns 756,457 shares of the company’s stock worth $12,292,000 after buying an additional 402,123 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Smart Sand by 49.5% during the first quarter. Geode Capital Management LLC now owns 186,478 shares of the company’s stock worth $3,030,000 after buying an additional 61,776 shares during the last quarter. Institutional investors own 56.41% of the company’s stock.
SND has been the topic of a number of recent analyst reports. Jefferies Group LLC set a $7.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a report on Monday, August 28th. Piper Jaffray Companies reiterated a “buy” rating on shares of Smart Sand in a report on Monday, August 14th. Deutsche Bank AG began coverage on shares of Smart Sand in a report on Tuesday, October 10th. They issued a “buy” rating and a $9.00 price objective on the stock. BidaskClub upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Smart Sand from a “sell” rating to a “hold” rating in a report on Saturday, September 9th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.28.
Smart Sand Inc (SND) opened at $7.73 on Friday. Smart Sand Inc has a fifty-two week low of $4.81 and a fifty-two week high of $21.99. The company has a market cap of $310.82 and a price-to-earnings ratio of 11.48.
Smart Sand (NASDAQ:SND) last announced its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $39.33 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.06 earnings per share. equities research analysts expect that Smart Sand Inc will post 0.37 EPS for the current fiscal year.
In other Smart Sand news, VP Robert Kiszka bought 10,000 shares of Smart Sand stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the vice president now owns 110,629 shares in the company, valued at approximately $611,778.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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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