Fairmount Santrol Holdings Inc. (FMSA) Downgraded by Zacks Investment Research to Sell

Fairmount Santrol Holdings Inc. (NYSE:FMSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, October 17th.

According to Zacks, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio. “

A number of other research analysts also recently issued reports on the stock. Northcoast Research raised shares of Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 27th. Morgan Stanley reissued an “overweight” rating and set a $8.00 target price (down previously from $14.50) on shares of Fairmount Santrol Holdings in a research report on Wednesday, June 21st. Johnson Rice downgraded shares of Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $10.00 to $6.00 in a research report on Thursday, June 22nd. Jefferies Group LLC dropped their target price on shares of Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Finally, Credit Suisse Group downgraded shares of Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $4.00 in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.85.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) traded up $0.17 during trading on Tuesday, hitting $4.77. 1,952,737 shares of the stock were exchanged, compared to its average volume of 4,438,514. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.75 and a current ratio of 3.29. Fairmount Santrol Holdings has a 52-week low of $2.46 and a 52-week high of $13.12. The stock has a market cap of $1,030.77, a P/E ratio of 115.00 and a beta of 2.06.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Fairmount Santrol Holdings had a net margin of 1.69% and a return on equity of 4.24%. The firm had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 107.8% compared to the same quarter last year. equities research analysts expect that Fairmount Santrol Holdings will post 0.27 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of FMSA. Elliott Management Corp acquired a new position in shares of Fairmount Santrol Holdings in the 2nd quarter valued at $18,720,000. Goldman Sachs Group Inc. lifted its stake in shares of Fairmount Santrol Holdings by 317.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,584,513 shares of the industrial products company’s stock valued at $33,604,000 after purchasing an additional 3,486,174 shares during the period. State Street Corp lifted its stake in shares of Fairmount Santrol Holdings by 50.9% in the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after purchasing an additional 1,540,859 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Fairmount Santrol Holdings by 19.4% in the 1st quarter. Point72 Asset Management L.P. now owns 9,074,574 shares of the industrial products company’s stock valued at $66,517,000 after purchasing an additional 1,475,449 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in shares of Fairmount Santrol Holdings in the 2nd quarter valued at $5,690,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.

Fairmount Santrol Holdings Company Profile

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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