Van ECK Associates Corp Has $13.69 Million Position in Fairmount Santrol Holdings Inc. (NYSE:FMSA)

Van ECK Associates Corp reduced its position in Fairmount Santrol Holdings Inc. (NYSE:FMSA) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,864,113 shares of the industrial products company’s stock after selling 317,470 shares during the period. Van ECK Associates Corp owned about 1.28% of Fairmount Santrol worth $13,690,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its position in Fairmount Santrol by 80.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 12,400 shares during the period. ING Groep NV bought a new stake in shares of Fairmount Santrol during the 3rd quarter valued at $24,846,000. Ninepoint Partners LP bought a new stake in shares of Fairmount Santrol during the 3rd quarter valued at $1,864,000. Commonwealth Equity Services Inc grew its position in shares of Fairmount Santrol by 44.3% during the 3rd quarter. Commonwealth Equity Services Inc now owns 60,225 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 18,500 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Fairmount Santrol by 96.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock valued at $6,762,000 after acquiring an additional 692,814 shares during the period. 75.37% of the stock is owned by institutional investors and hedge funds.

Fairmount Santrol Holdings Inc. (NYSE:FMSA) opened at $4.89 on Wednesday. The company has a market cap of $1,127.19, a PE ratio of 125.75 and a beta of 2.11. Fairmount Santrol Holdings Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $13.12. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

Fairmount Santrol (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. equities analysts predict that Fairmount Santrol Holdings Inc. will post 0.28 earnings per share for the current fiscal year.

Several research analysts recently weighed in on FMSA shares. BidaskClub raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Zacks Investment Research raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Royal Bank Of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Sunday, November 12th. Wells Fargo & Company downgraded shares of Fairmount Santrol from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Finally, KeyCorp reiterated an “overweight” rating and issued a $6.50 price target on shares of Fairmount Santrol in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.31.

ILLEGAL ACTIVITY NOTICE: “Van ECK Associates Corp Has $13.69 Million Position in Fairmount Santrol Holdings Inc. (NYSE:FMSA)” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/12/06/van-eck-associates-corp-decreases-holdings-in-fairmount-santrol-holdings-inc-fmsa.html.

Fairmount Santrol Company Profile

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)

Receive News & Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply