Fairmount Santrol Holdings Inc. (FMSA) Position Lowered by Oxford Asset Management

Oxford Asset Management cut its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 86.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,847 shares of the industrial products company’s stock after selling 175,609 shares during the period. Oxford Asset Management’s holdings in Fairmount Santrol Holdings were worth $204,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in shares of Fairmount Santrol Holdings during the fourth quarter worth approximately $922,000. Castleark Management LLC increased its stake in shares of Fairmount Santrol Holdings by 164.4% in the fourth quarter. Castleark Management LLC now owns 700,725 shares of the industrial products company’s stock worth $8,262,000 after buying an additional 435,725 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the industrial products company’s stock worth $1,414,000 after buying an additional 54,748 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 104,695 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of 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 worth $752,000 after buying an additional 7,438 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

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

Fairmount Santrol Holdings Inc. (NYSE FMSA) opened at 3.61 on Friday. Fairmount Santrol Holdings Inc. has a 12-month low of $3.38 and a 12-month high of $13.12. The firm’s market cap is $808.43 million. The company has a 50-day moving average price of $4.92 and a 200-day moving average price of $8.36.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings data 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 business had revenue of $172.60 million during the quarter, compared to analysts’ expectations of $169.50 million. During the same period in the prior year, the firm posted ($0.07) EPS. Fairmount Santrol Holdings’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities analysts predict that Fairmount Santrol Holdings Inc. will post $0.22 earnings per share for the current year.

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A number of analysts have recently commented on the company. Jefferies Group LLC restated a “buy” rating and issued a $10.00 target price on shares of Fairmount Santrol Holdings in a research note on Tuesday, April 11th. Cowen and Company restated an “outperform” rating and issued a $16.00 target price on shares of Fairmount Santrol Holdings in a research note on Saturday, March 11th. Citigroup Inc. restated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Tuesday, March 14th. Barclays PLC set a $10.00 target price on Fairmount Santrol Holdings and gave the stock a “buy” rating in a research note on Tuesday, March 14th. Finally, Guggenheim restated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Monday, March 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $9.60.

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 stock was 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 accessible through this link. 16.20% of the stock is currently owned by insiders.

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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