FMSA Holdings Inc. (FMSA) Research Coverage Started at Johnson Rice
Analysts at Johnson Rice started coverage on shares of FMSA Holdings Inc. (NYSE:FMSA) in a research note issued to investors on Monday. The firm set an “accumulate” rating on the stock.
Several other brokerages have also issued reports on FMSA. Zacks Investment Research lowered FMSA Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Cowen and Company raised FMSA Holdings from a “market perform” rating to an “outperform” rating and upped their price target for the company from $4.00 to $8.50 in a research note on Tuesday, July 26th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $7.00 price target on shares of FMSA Holdings in a research note on Tuesday, September 20th. Wells Fargo & Co. raised FMSA Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, July 18th. Finally, Citigroup Inc. started coverage on FMSA Holdings in a research note on Thursday, July 7th. They set a “buy” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $7.18.
Shares of FMSA Holdings (NYSE:FMSA) traded up 5.27% during midday trading on Monday, reaching $9.58. The company’s stock had a trading volume of 748,378 shares. The stock has a 50-day moving average of $7.73 and a 200 day moving average of $6.09. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $9.69. The company’s market cap is $1.83 billion.
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FMSA Holdings (NYSE:FMSA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.41. The business earned $114.20 million during the quarter, compared to the consensus estimate of $129.35 million. The business’s quarterly revenue was down 48.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, analysts predict that FMSA Holdings will post ($0.42) earnings per share for the current fiscal year.
In other news, Director Charles D. Fowler acquired 1,666,666 shares of the firm’s stock in a transaction that occurred on 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 owns 1,705,132 shares in the company, valued at $10,145,535.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock worth $2,194,000 after buying an additional 11,165 shares during the last quarter. EAM Investors LLC purchased a new position in FMSA Holdings during the second quarter worth about $2,096,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in 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. California State Teachers Retirement System increased its position 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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. Institutional investors and hedge funds 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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