Barrow Hanley Mewhinney & Strauss LLC cut its position in shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,797,390 shares of the industrial products company’s stock after selling 48,590 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.69% of Fairmount Santrol worth $18,152,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FMSA. Dimensional Fund Advisors LP acquired a new stake in shares of Fairmount Santrol during the third quarter valued at about $101,000. GSA Capital Partners LLP increased its position in shares of Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 10,726 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Fairmount Santrol by 183.3% during the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 20,128 shares during the last quarter. BB&T Securities LLC increased its position in shares of Fairmount Santrol by 216.8% during the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 23,200 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Fairmount Santrol by 80.5% during the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 12,400 shares during the last quarter. 75.37% of the stock is currently owned by institutional investors.

Fairmount Santrol Holdings Inc. (NYSE:FMSA) opened at $5.18 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The firm has a market cap of $1,160.80, a P/E ratio of 129.50 and a beta of 2.11. Fairmount Santrol Holdings Inc. has a twelve month low of $2.46 and a twelve month high of $13.12.

Fairmount Santrol (NYSE:FMSA) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The business’s quarterly revenue was up 107.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. research analysts expect that Fairmount Santrol Holdings Inc. will post 0.29 EPS for the current fiscal year.

A number of brokerages have weighed in on FMSA. Barclays lifted their price target on shares of Fairmount Santrol from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Monday, November 20th. Cowen set a $6.00 price target on shares of Fairmount Santrol and gave the company a “buy” rating in a research report on Wednesday, October 18th. TheStreet upgraded shares of Fairmount Santrol from a “d+” rating to a “c-” rating in a research report on Tuesday, November 21st. BidaskClub upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, B. Riley reiterated a “neutral” rating and set a $6.00 price target on shares of Fairmount Santrol in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.73.

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About Fairmount Santrol

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 (NYSE:FMSA)

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