American Century Companies Inc. lifted its position in shares of Smart Sand Inc (NASDAQ:SND) by 243.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,859 shares of the company’s stock after buying an additional 340,688 shares during the period. American Century Companies Inc. owned about 1.19% of Smart Sand worth $3,260,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after acquiring an additional 10,783 shares in the last quarter. American International Group Inc. bought a new stake in Smart Sand in the first quarter valued at approximately $116,000. Wall Street Access Asset Management LLC raised its stake in Smart Sand by 19.6% in the second quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after buying an additional 2,705 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Smart Sand in the first quarter valued at approximately $156,000. Finally, Bank of Montreal Can bought a new stake in Smart Sand in the second quarter valued at approximately $186,000. 50.92% of the stock is owned by institutional investors.
SND has been the topic of several research analyst reports. Piper Jaffray Companies restated a “buy” rating on shares of Smart Sand in a research note on Thursday, September 21st. Jefferies Group LLC set a $7.00 price objective on Smart Sand and gave the company a “buy” rating in a research note on Monday, August 28th. Credit Suisse Group upped their price objective on Smart Sand from $5.50 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered Smart Sand from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, BidaskClub lowered Smart Sand from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.80.
Smart Sand Inc (SND) opened at $8.03 on Friday. The firm has a market capitalization of $324.36 and a P/E ratio of 11.99. Smart Sand Inc has a 52 week low of $4.81 and a 52 week high of $21.99.
Smart Sand (NASDAQ:SND) last announced its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $39.33 million for the quarter, compared to analyst estimates of $33.60 million. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The firm’s quarterly revenue was up 259.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. equities analysts expect that Smart Sand Inc will post 0.4 earnings per share for the current fiscal year.
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Smart Sand Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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