FMSA Holdings Inc. (FMSA) Earns Accumulate Rating from Analysts at Johnson Rice
Johnson Rice assumed coverage on shares of FMSA Holdings Inc. (NYSE:FMSA) in a research report issued on Monday. The firm set an “accumulate” rating on the stock.
A number of other analysts also recently issued reports on the stock. DA Davidson downgraded shares of FMSA Holdings from a “buy” rating to an “underperform” rating and set a $5.00 target price for the company. in a research report on Monday, June 13th. Wells Fargo & Co. raised shares of FMSA Holdings from a “market perform” rating to an “outperform” rating in a research report on Monday, July 18th. Citigroup Inc. set a $9.50 target price on shares of FMSA Holdings and gave the stock a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of FMSA Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Barclays PLC started coverage on shares of FMSA Holdings in a research report on Wednesday, August 10th. They set an “equal weight” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $7.18.
Shares of FMSA Holdings (NYSE:FMSA) traded up 5.27% during mid-day trading on Monday, hitting $9.58. 748,378 shares of the stock traded hands. The stock has a 50-day moving average of $7.73 and a 200 day moving average of $6.09. FMSA Holdings has a one year low of $1.00 and a one year high of $9.69. The stock’s market cap is $1.83 billion.
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FMSA Holdings (NYSE:FMSA) last posted its earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.41. The company had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $129.35 million. The business’s quarterly revenue was down 48.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. Equities analysts predict that FMSA Holdings will post ($0.42) EPS for the current fiscal year.
In other news, Director Charles D. Fowler acquired 1,666,666 shares of FMSA Holdings stock in a transaction that occurred on Tuesday, July 26th. The shares were purchased at an average cost of $5.95 per share, for a total transaction of $9,916,662.70. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FMSA. State Street Corp boosted its position 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. EAM Investors LLC purchased a new position in shares of FMSA Holdings during the second quarter valued at about $2,096,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position 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 valued at $19,263,000 after buying an additional 56,680 shares during the period. California State Teachers Retirement System boosted its position in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock valued at $1,065,000 after buying an additional 2,546 shares during the period. Finally, Bank of New York Mellon Corp boosted its position 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 valued at $4,392,000 after buying an additional 83,794 shares during the period. Hedge funds and other institutional investors own 14.36% of the company’s stock.
FMSA Holdings Company Profile
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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