JPMorgan Chase & Co. Raises Stake in Fairmount Santrol Holdings Inc. (NYSE:FMSA)

JPMorgan Chase & Co. raised its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 434,921 shares of the industrial products company’s stock after buying an additional 73,850 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Fairmount Santrol Holdings worth $3,188,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Fairmount Santrol Holdings during the fourth quarter worth $1,057,000. State Street Corp boosted its position in Fairmount Santrol Holdings by 34.2% in the fourth quarter. State Street Corp now owns 2,758,795 shares of the industrial products company’s stock valued at $32,531,000 after buying an additional 702,301 shares during the period. FMR LLC purchased a new position in Fairmount Santrol Holdings during the fourth quarter valued at approximately $14,216,000. Renaissance Technologies LLC boosted its position in Fairmount Santrol Holdings by 663.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,207,769 shares of the industrial products company’s stock valued at $14,240,000 after buying an additional 1,049,615 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in Fairmount Santrol Holdings by 13.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 63,816 shares of the industrial products company’s stock valued at $752,000 after buying an additional 7,438 shares during the period. 85.96% of the stock is owned by institutional investors and hedge funds.

Fairmount Santrol Holdings Inc. (FMSA) traded down 7.44% on Friday, reaching $3.11. 8,536,667 shares of the company’s stock traded hands. The stock’s 50 day moving average is $3.94 and its 200 day moving average is $7.39. The firm’s market cap is $696.46 million. Fairmount Santrol Holdings Inc. has a 52-week low of $2.97 and a 52-week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.01. Fairmount Santrol Holdings had a negative net margin of 24.91% and a negative return on equity of 91.27%. The company had revenue of $172.60 million during the quarter, compared to the consensus estimate of $169.50 million. During the same period in the previous year, the firm posted ($0.07) EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities research analysts predict that Fairmount Santrol Holdings Inc. will post $0.22 EPS for the current fiscal year.

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FMSA has been the subject of several recent analyst reports. Johnson Rice cut shares of Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $10.00 to $6.00 in a research report on Thursday, June 22nd. Citigroup Inc. upped their target price on shares of Fairmount Santrol Holdings from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Jefferies Group LLC set a $8.00 target price on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Guggenheim reaffirmed a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Monday, March 27th. Finally, Barclays PLC set a $9.00 price target on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research note on Saturday, March 25th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.40.

In other Fairmount Santrol Holdings news, CFO Michael F. Biehl sold 14,050 shares of Fairmount Santrol Holdings stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $4.79, for a total value of $67,299.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 16.20% 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.

Institutional Ownership by Quarter for Fairmount Santrol Holdings (NYSE:FMSA)

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