Exane Derivatives Buys 58,857 Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA)

Exane Derivatives boosted its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 202.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,910 shares of the industrial products company’s stock after buying an additional 58,857 shares during the period. Exane Derivatives’ holdings in Fairmount Santrol Holdings were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Fairmount Santrol Holdings by 34.2% in the fourth quarter. State Street Corp now owns 2,758,795 shares of the industrial products company’s stock valued at $32,531,000 after buying an additional 702,301 shares during the period. AQR Capital Management LLC boosted its stake in Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the industrial products company’s stock valued at $1,414,000 after buying an additional 54,748 shares during the period. Guggenheim Capital LLC boosted its stake in Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the industrial products company’s stock valued at $1,999,000 after buying an additional 104,695 shares during the period. FMR LLC acquired a new stake in Fairmount Santrol Holdings during the fourth quarter valued at approximately $14,216,000. Finally, Viking Fund Management LLC boosted its stake in Fairmount Santrol Holdings by 32.8% in the first quarter. Viking Fund Management LLC now owns 1,660,000 shares of the industrial products company’s stock valued at $12,168,000 after buying an additional 410,000 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Shares of Fairmount Santrol Holdings Inc. (NYSE FMSA) traded down 1.37% during trading on Friday, hitting $2.89. The stock had a trading volume of 3,764,508 shares. The firm’s market cap is $647.20 million. Fairmount Santrol Holdings Inc. has a 52-week low of $2.58 and a 52-week high of $13.12. The firm’s 50-day moving average is $3.65 and its 200 day moving average is $7.03.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.01. Fairmount Santrol Holdings had a negative net margin of 24.91% and a negative return on equity of 91.27%. The company had revenue of $172.60 million during the quarter, compared to analyst estimates of $169.50 million. During the same period in the prior year, the business posted ($0.07) EPS. Fairmount Santrol Holdings’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, analysts expect that Fairmount Santrol Holdings Inc. will post $0.22 EPS for the current year.

FMSA has been the topic of a number of recent research reports. Johnson Rice downgraded Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and lowered their target price for the company from $10.00 to $6.00 in a report on Thursday, June 22nd. Citigroup Inc. increased their target price on Fairmount Santrol Holdings from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, June 9th. Jefferies Group LLC set a $8.00 target price on Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research raised Fairmount Santrol Holdings from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.97.

In related news, CFO Michael F. Biehl sold 14,050 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $4.79, for a total value of $67,299.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.20% 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.