Fairmount Santrol Holdings Inc. (NYSE:FMSA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 46,014,201 shares, a growth of 19.5% from the August 15th total of 38,490,382 shares. Approximately 30.1% of the shares of the stock are sold short. Based on an average daily volume of 4,037,542 shares, the days-to-cover ratio is currently 11.4 days.

Several equities analysts have weighed in on FMSA shares. Johnson Rice downgraded shares of Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $10.00 to $6.00 in a report on Thursday, June 22nd. Citigroup Inc. lifted their price target on shares of Fairmount Santrol Holdings from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, June 9th. Jefferies Group LLC set a $8.00 price target on shares of Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Finally, Cowen and Company set a $6.00 price target on shares of Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.94.

Several large investors have recently made changes to their positions in the company. Texan Capital Management lifted its position in shares of Fairmount Santrol Holdings by 16.3% during the 2nd quarter. Texan Capital Management now owns 50,085 shares of the industrial products company’s stock valued at $195,000 after buying an additional 7,020 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Fairmount Santrol Holdings by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock valued at $669,000 after buying an additional 7,472 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Fairmount Santrol Holdings by 8.0% during the 1st quarter. AQR Capital Management LLC now owns 129,611 shares of the industrial products company’s stock valued at $950,000 after buying an additional 9,653 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Fairmount Santrol Holdings by 28.1% during the 2nd quarter. Legal & General Group Plc now owns 47,817 shares of the industrial products company’s stock valued at $187,000 after buying an additional 10,494 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd lifted its position in shares of Fairmount Santrol Holdings by 1,014.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after buying an additional 12,974 shares in the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.

Fairmount Santrol Holdings (NYSE:FMSA) opened at 3.45 on Friday. The stock has a 50 day moving average of $2.87 and a 200 day moving average of $4.82. Fairmount Santrol Holdings has a 12-month low of $2.46 and a 12-month high of $13.12. The stock’s market cap is $773.08 million.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.16 million. During the same quarter last year, the firm posted ($0.54) EPS. The business’s revenue was up 104.2% on a year-over-year basis. On average, equities research analysts anticipate that Fairmount Santrol Holdings will post $0.27 earnings per share for the current fiscal year.

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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.

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