FMSA Holdings Inc. (FMSA) Receives New Coverage from Analysts at Johnson Rice
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.
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