Johnson Rice began coverage on shares of FMSA Holdings Inc. (NYSE:FMSA) in a report published on Monday. The brokerage issued an accumulate rating on the stock.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded FMSA Holdings from a hold rating to a buy rating and set a $7.25 price target for the company in a research note on Tuesday, July 19th. Citigroup Inc. lifted their target price on shares of FMSA Holdings from $9.50 to $10.00 and gave the stock a buy rating in a research report on Tuesday, July 19th. Simmons raised shares of FMSA Holdings to a buy rating and set a $8.00 target price on the stock in a research report on Thursday, July 21st. Barclays PLC began coverage on shares of FMSA Holdings in a research report on Wednesday, August 10th. They set an equal weight rating and a $9.00 target price on the stock. Finally, Jefferies Group reissued a hold rating and set a $8.00 target price (up previously from $4.00) on shares of FMSA Holdings in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. FMSA Holdings has a consensus rating of Buy and a consensus price target of $7.18.

Shares of FMSA Holdings (NYSE:FMSA) traded up 5.38% during midday trading on Monday, reaching $9.59. The company had a trading volume of 727,839 shares. The firm’s market capitalization is $1.84 billion. FMSA Holdings has a one year low of $1.00 and a one year high of $9.69. The company has a 50 day moving average price of $7.73 and a 200-day moving average price of $6.09.

FMSA Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.41. The business earned $114.20 million during the quarter, compared to analyst estimates of $129.35 million. The business’s revenue was down 48.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 EPS. On average, analysts anticipate that FMSA Holdings will post ($0.42) EPS for the current fiscal year.

In other news, Director Charles D. Fowler purchased 1,666,666 shares of FMSA Holdings stock in a transaction dated Tuesday, July 26th. The stock was purchased at an average cost of $5.95 per share, for a total transaction of $9,916,662.70. Following the transaction, the director now directly owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FMSA. Metropolitan Life Insurance Co. NY bought a new position in shares of FMSA Holdings during the second quarter valued at about $434,000. Panagora Asset Management Inc. raised its position in shares of FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock valued at $912,000 after buying an additional 17,232 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of FMSA Holdings during the second quarter valued at about $1,026,000. California State Teachers Retirement System raised its position in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock valued at $1,065,000 after buying an additional 2,546 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in shares of FMSA Holdings during the second quarter valued at about $1,154,000. Institutional investors own 14.36% of the company’s stock.

FMSA Holdings Company Profile

Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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.

5 Day Chart for NYSE:FMSA

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