FMSA Holdings Inc. (FMSA) Lifted to Outperform at Cowen and Company
FMSA Holdings Inc. (NYSE:FMSA) was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $8.50 price target on the stock, up from their prior price target of $4.00. Cowen and Company’s target price would suggest a potential downside of 6.59% from the stock’s previous close.
Several other equities analysts have also recently commented on FMSA. Royal Bank Of Canada increased their price target on shares of FMSA Holdings from $2.50 to $4.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 11th. Jefferies Group reaffirmed a “hold” rating and set a $4.00 price target (up previously from $3.50) on shares of FMSA Holdings in a research report on Tuesday, May 24th. KLR Group reiterated a “hold” rating and set a $3.90 price objective (up previously from $3.30) on shares of FMSA Holdings in a research note on Thursday, May 12th. GMP Securities upgraded shares of FMSA Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 11th. Finally, Piper Jaffray Cos. upgraded shares of FMSA Holdings from an “underweight” rating to a “neutral” rating in a research note on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $7.18.
Shares of FMSA Holdings (NYSE:FMSA) traded up 0.44% during trading on Tuesday, reaching $9.10. The company had a trading volume of 2,061,335 shares. The stock has a 50 day moving average of $7.73 and a 200 day moving average of $6.09. The stock’s market capitalization is $1.74 billion. FMSA Holdings has a 52-week low of $1.00 and a 52-week high of $9.37.
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FMSA Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.41. The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s revenue was down 48.5% on a year-over-year basis. Equities research analysts forecast that FMSA Holdings will post ($0.42) EPS for the current year.
In related news, Director Charles D. Fowler acquired 1,666,666 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was acquired at an average cost of $5.95 per share, for a total transaction of $9,916,662.70. Following the completion of the acquisition, the director now directly owns 1,705,132 shares of the company’s stock, valued at approximately $10,145,535.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.20% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of FMSA. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock worth $19,263,000 after buying an additional 56,680 shares during the last quarter. State Street Corp boosted its stake in shares of FMSA Holdings by 9.0% in the second quarter. State Street Corp now owns 950,827 shares of the company’s stock worth $7,335,000 after buying an additional 78,558 shares during the last quarter. Viking Fund Management LLC acquired a new stake in shares of FMSA Holdings during the second quarter worth $5,551,000. Bank of New York Mellon Corp boosted its stake in shares of FMSA Holdings by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 569,467 shares of the company’s stock worth $4,392,000 after buying an additional 83,794 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of FMSA Holdings by 51.8% in the second quarter. Parametric Portfolio Associates LLC now owns 454,708 shares of the company’s stock worth $3,506,000 after buying an additional 155,068 shares during the last quarter. Hedge funds and other institutional investors own 14.36% of the company’s stock.
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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