FMSA Holdings Inc. (FMSA) Earns “Hold” Rating from Credit Suisse Group AG
FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “hold” rating restated by equities research analysts at Credit Suisse Group AG in a report issued on Tuesday. They presently have a $7.00 price target on the stock. Credit Suisse Group AG’s target price points to a potential downside of 7.41% from the stock’s previous close.
Several other research firms have also recently weighed in on FMSA. Citigroup Inc. assumed coverage on shares of FMSA Holdings in a research report on Thursday, July 7th. They set a “buy” rating and a $10.00 price objective for the company. Zacks Investment Research raised shares of FMSA Holdings from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research report on Tuesday, July 19th. Simmons raised shares of FMSA Holdings to a “buy” rating and set a $8.00 price objective for the company in a research report on Thursday, July 21st. Barclays PLC assumed coverage on shares of FMSA Holdings in a research report on Wednesday, August 10th. They set an “equal weight” rating and a $9.00 price objective for the company. Finally, Jefferies Group reaffirmed a “hold” rating and set a $8.00 price objective (up previously from $4.00) on shares of FMSA Holdings in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $7.01.
Shares of FMSA Holdings (NYSE:FMSA) traded down 2.38% during midday trading on Tuesday, hitting $7.38. 1,354,073 shares of the stock traded hands. The firm’s 50-day moving average is $7.52 and its 200 day moving average is $5.60. FMSA Holdings has a 52 week low of $1.00 and a 52 week high of $8.83. The company’s market capitalization is $1.41 billion.
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FMSA Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.41. FMSA Holdings had a negative net margin of 41.85% and a positive return on equity of 36.13%. The business earned $114.20 million during the quarter, compared to analyst estimates of $129.35 million. During the same quarter last year, the company posted $0.02 earnings per share. The company’s revenue was down 48.5% on a year-over-year basis. Equities analysts forecast that FMSA Holdings will post ($0.43) earnings per share for the current year.
In other news, Director Charles D. Fowler bought 1,666,666 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was acquired at an average price of $5.95 per share, with a total value of $9,916,662.70. Following the transaction, the director now owns 1,705,132 shares of the company’s stock, valued at approximately $10,145,535.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 16.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in FMSA. California State Teachers Retirement System increased its stake in FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares in the last quarter. Creative Planning increased its stake in shares of FMSA Holdings by 2.8% in the fourth quarter. Creative Planning now owns 265,277 shares of the company’s stock valued at $623,000 after buying an additional 7,263 shares during the period. State Street Corp increased its stake in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock valued at $2,194,000 after buying an additional 11,165 shares during the period. Panagora Asset Management Inc. increased its stake in shares of FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock valued at $912,000 after buying an additional 17,232 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock valued at $1,046,000 after buying an additional 28,917 shares during the period. 56.31% of the stock is owned by institutional investors and hedge funds.
About FMSA Holdings
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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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