FMSA Holdings Inc. (FMSA) Receives “Hold” Rating from Jefferies Group
FMSA Holdings Inc. (NYSE:FMSA)‘s stock had its “hold” rating restated by analysts at Jefferies Group in a report issued on Wednesday. They presently have a $10.00 target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 5.71% from the stock’s previous close.
A number of other research analysts have also issued reports on FMSA. Zacks Investment Research upgraded shares of FMSA Holdings from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, October 5th. Citigroup Inc. lowered their target price on shares of FMSA Holdings from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Piper Jaffray Cos. upgraded shares of FMSA Holdings from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $9.75 to $8.00 in a research note on Thursday, July 21st. Credit Suisse Group AG assumed coverage on shares of FMSA Holdings in a research report on Wednesday, September 7th. They set a “neutral” rating and a $7.00 price target for the company. Finally, Simmons upgraded shares of FMSA Holdings to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. FMSA Holdings currently has an average rating of “Buy” and a consensus price target of $7.69.
Shares of FMSA Holdings (NYSE:FMSA) opened at 9.46 on Wednesday. The company’s 50-day moving average is $8.11 and its 200 day moving average is $6.47. The firm’s market cap is $1.81 billion. FMSA Holdings has a 1-year low of $1.00 and a 1-year high of $9.86.
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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 analysts’ consensus estimates of ($0.13) by $0.41. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company’s revenue was down 48.5% compared to the same quarter last year. On average, equities research analysts expect that FMSA Holdings will post ($0.42) EPS for the current fiscal year.
In other FMSA Holdings news, Director Charles D. Fowler acquired 1,666,666 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $9,916,662.70. Following the acquisition, the director now directly 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 accessible through this link. 16.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of FMSA. MAI Capital Management raised its position in shares of FMSA Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the company’s stock worth $342,000 after buying an additional 8,000 shares during the period. Viking Fund Management LLC raised its position in shares of FMSA Holdings by 50.0% in the third quarter. Viking Fund Management LLC now owns 1,080,000 shares of the company’s stock worth $9,158,000 after buying an additional 360,000 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in shares of FMSA Holdings during the second quarter worth about $434,000. Panagora Asset Management Inc. raised its position 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 worth $912,000 after buying an additional 17,232 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position 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 period. Institutional investors and hedge funds own 14.37% 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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