Fairmount Santrol Holdings Inc. (FMSA) Short Interest Down 20.2% in September
Fairmount Santrol Holdings Inc. (NYSE:FMSA) was the recipient of a large drop in short interest during the month of September. As of September 29th, there was short interest totalling 30,465,734 shares, a drop of 20.2% from the September 15th total of 38,178,322 shares. Based on an average daily trading volume, of 8,247,905 shares, the days-to-cover ratio is presently 3.7 days. Currently, 19.7% of the company’s shares are sold short.
A number of research analysts have issued reports on FMSA shares. Johnson Rice cut Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and decreased their price target for the stock from $10.00 to $6.00 in a research note on Thursday, June 22nd. Jefferies Group LLC decreased their price target on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Piper Jaffray Companies restated a “buy” rating and issued a $4.50 price target on shares of Fairmount Santrol Holdings in a research note on Monday, August 7th. Cowen and Company set a $6.00 price target on Fairmount Santrol Holdings and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Fairmount Santrol Holdings has an average rating of “Hold” and a consensus target price of $6.79.
Several institutional investors have recently added to or reduced their stakes in FMSA. Wells Fargo & Company MN increased its position in shares of Fairmount Santrol Holdings by 31.4% in the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock worth $1,981,000 after acquiring an additional 64,575 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Fairmount Santrol Holdings by 47.9% during the first quarter. UBS Asset Management Americas Inc. now owns 69,148 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 22,409 shares in the last quarter. JPMorgan Chase & Co. grew its position in Fairmount Santrol Holdings by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 434,921 shares of the industrial products company’s stock valued at $3,188,000 after purchasing an additional 73,850 shares in the last quarter. Clinton Group Inc. purchased a new position in Fairmount Santrol Holdings during the first quarter valued at approximately $132,000. Finally, American International Group Inc. grew its position in Fairmount Santrol Holdings by 45.4% during the first quarter. American International Group Inc. now owns 55,080 shares of the industrial products company’s stock valued at $404,000 after purchasing an additional 17,211 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fairmount Santrol Holdings (FMSA) opened at 3.94 on Thursday. Fairmount Santrol Holdings has a 12 month low of $2.46 and a 12 month high of $13.12. The stock’s market capitalization is $882.88 million. The firm’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.25.
Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly 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. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $231.16 million. During the same period in the previous year, the firm earned ($0.54) EPS. Fairmount Santrol Holdings’s revenue was up 104.2% on a year-over-year basis. On average, equities research analysts forecast that Fairmount Santrol Holdings will post $0.27 EPS for the current year.
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.
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