Wells Fargo & Company cut shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) from an outperform rating to a market perform rating in a report released on Monday, Marketbeat reports.

Several other brokerages have also issued reports on FMSA. BidaskClub upgraded Fairmount Santrol Holdings from a sell rating to a hold rating in a research note on Thursday, August 31st. Scotiabank lowered Fairmount Santrol Holdings from a focus stock rating to an outperform rating and lowered their price target for the company from $13.00 to $6.00 in a research note on Wednesday, June 28th. KeyCorp restated an overweight rating and set a $6.50 price target on shares of Fairmount Santrol Holdings in a research note on Wednesday, October 4th. Royal Bank Of Canada restated a buy rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) lowered Fairmount Santrol Holdings from a neutral rating to a sell rating and lowered their price target for the company from $11.00 to $2.00 in a research note on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $6.79.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) opened at 3.96 on Monday. The firm’s 50-day moving average price is $4.05 and its 200-day moving average price is $4.25. The firm’s market cap is $887.36 million. Fairmount Santrol Holdings has a 52 week low of $2.46 and a 52 week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.16 million. During the same period in the previous year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was up 104.2% compared to the same quarter last year. Equities research analysts expect that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hartland & Co. LLC grew its position in Fairmount Santrol Holdings by 6.4% during the 2nd 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 during the last quarter. Vanguard Group Inc. grew its position in Fairmount Santrol Holdings by 6.0% during the 2nd 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 during the last quarter. Point72 Asset Management L.P. grew its position in Fairmount Santrol Holdings by 19.4% during the 1st 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 during the last quarter. Elliott Management Corp bought a new stake in Fairmount Santrol Holdings during the 2nd quarter worth approximately $18,720,000. Finally, Goldman Sachs Group Inc. grew its position in Fairmount Santrol Holdings by 317.4% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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