Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.47.

A number of research firms have recently commented on FMSA. Piper Jaffray Companies reissued a “buy” rating and set a $4.50 target price on shares of Fairmount Santrol Holdings in a research report on Monday, August 7th. BidaskClub raised shares of Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Cowen and Company set a $6.00 target price on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research report on Friday, August 4th. Janney Montgomery Scott began coverage on shares of Fairmount Santrol Holdings in a research report on Thursday, June 15th. They set a “neutral” rating and a $5.60 target price on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and set a $8.00 target price on shares of Fairmount Santrol Holdings in a research report on Monday, May 15th.

Shares of Fairmount Santrol Holdings (NYSE FMSA) traded down 4.36% during midday trading on Friday, reaching $3.07. 4,229,583 shares of the company traded hands. The stock’s market capitalization is $687.93 million. The company’s 50 day moving average is $2.80 and its 200-day moving average is $5.10. Fairmount Santrol Holdings has a 12 month low of $2.46 and a 12 month high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. Fairmount Santrol Holdings’s revenue was up 104.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.54) earnings per share. Equities research analysts forecast that Fairmount Santrol Holdings will post $0.28 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd boosted its holdings in shares of Fairmount Santrol Holdings by 1,014.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 12,974 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Fairmount Santrol Holdings by 183.3% during the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 20,128 shares during the period. Clinton Group Inc. acquired a new position in shares of Fairmount Santrol Holdings during the first quarter valued at $132,000. BB&T Securities LLC boosted its holdings in shares of Fairmount Santrol Holdings by 216.8% during the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 23,200 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Fairmount Santrol Holdings during the second quarter valued at $140,000. 84.20% of the stock is owned by institutional investors.

About Fairmount Santrol Holdings

Fairmount Santrol Holdings Inc is a provider of 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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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