Intrinsic Edge Capital Management LLC acquired a new position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 443,005 shares of the industrial products company’s stock, valued at approximately $1,728,000. Intrinsic Edge Capital Management LLC owned approximately 0.20% of Fairmount Santrol Holdings at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Hartland & Co. LLC boosted its stake in Fairmount Santrol Holdings by 6.4% during the second quarter. Hartland & Co. LLC now owns 13,553,349 shares of the industrial products company’s stock worth $52,858,000 after acquiring an additional 817,990 shares in the last quarter. Vanguard Group Inc. boosted its stake in Fairmount Santrol Holdings by 6.0% during the second quarter. Vanguard Group Inc. now owns 12,863,759 shares of the industrial products company’s stock worth $50,169,000 after acquiring an additional 731,359 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Fairmount Santrol Holdings by 19.4% during the first quarter. Point72 Asset Management L.P. now owns 9,074,574 shares of the industrial products company’s stock worth $66,517,000 after acquiring an additional 1,475,449 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Fairmount Santrol Holdings by 317.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,584,513 shares of the industrial products company’s stock worth $33,604,000 after acquiring an additional 3,486,174 shares in the last quarter. Finally, Cobalt Capital Management Inc. boosted its stake in Fairmount Santrol Holdings by 111.7% during the first quarter. Cobalt Capital Management Inc. now owns 3,558,386 shares of the industrial products company’s stock worth $26,083,000 after acquiring an additional 1,877,698 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Fairmount Santrol Holdings Inc. (NYSE:FMSA) traded down 1.57% on Friday, hitting $5.01. 1,761,744 shares of the stock traded hands. The company’s market capitalization is $1.12 billion. Fairmount Santrol Holdings Inc. has a 12 month low of $2.46 and a 12 month high of $13.12. The firm has a 50-day moving average price of $3.53 and a 200-day moving average price of $4.43.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. Fairmount Santrol Holdings’s revenue for the quarter was up 104.2% on a year-over-year basis. During the same period last year, the business earned ($0.54) EPS. Analysts forecast that Fairmount Santrol Holdings Inc. will post $0.27 earnings per share for the current year.

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Several equities research analysts recently commented on FMSA shares. Johnson Rice lowered shares of Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and dropped their price objective for the stock from $10.00 to $6.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Cowen and Company set a $6.00 price objective on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research note on Friday, August 4th. 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 note on Friday, June 9th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $4.50 target price on shares of Fairmount Santrol Holdings in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.79.

About Fairmount Santrol Holdings

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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