State Street Corp raised its position in Fairmount Santrol Holdings Inc (NYSE:FMSA) by 34.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,758,795 shares of the industrial products company’s stock after buying an additional 702,301 shares during the period. State Street Corp owned 1.24% of Fairmount Santrol Holdings worth $32,531,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of FMSA. MAI Capital Management raised its stake in shares of Fairmount Santrol Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the industrial products company’s stock worth $342,000 after buying an additional 8,000 shares during the last quarter. Strs Ohio raised its stake in shares of Fairmount Santrol Holdings by 61.1% in the third quarter. Strs Ohio now owns 33,500 shares of the industrial products company’s stock worth $284,000 after buying an additional 12,700 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Fairmount Santrol Holdings during the fourth quarter worth $1,057,000. Moore Capital Management LP bought a new stake in shares of Fairmount Santrol Holdings during the third quarter worth $848,000. Finally, United Services Automobile Association raised its stake in shares of Fairmount Santrol Holdings by 54.3% in the third quarter. United Services Automobile Association now owns 592,200 shares of the industrial products company’s stock worth $5,022,000 after buying an additional 208,500 shares during the last quarter. Institutional investors own 24.33% of the company’s stock.
Fairmount Santrol Holdings Inc (NYSE:FMSA) traded down 8.47% on Friday, hitting $5.08. 21,022,709 shares of the stock traded hands. The company’s market capitalization is $1.14 billion. Fairmount Santrol Holdings Inc has a 12 month low of $3.20 and a 12 month high of $13.12. The firm has a 50-day moving average price of $7.18 and a 200-day moving average price of $9.52.
A number of equities research analysts have recently weighed in on FMSA shares. Barclays PLC raised shares of Fairmount Santrol Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $15.00 in a research note on Monday, January 9th. Jefferies Group LLC lifted their target price on shares of Fairmount Santrol Holdings from $8.50 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 19th. Zacks Investment Research raised shares of Fairmount Santrol Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Monday, January 23rd. Royal Bank of Canada reissued a “buy” rating and set a $16.00 price objective on shares of Fairmount Santrol Holdings in a research note on Wednesday, February 1st. Finally, Cowen and Company reissued an “outperform” rating and set a $16.00 price objective on shares of Fairmount Santrol Holdings in a research note on Saturday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.21.
Fairmount Santrol Holdings Company Profile
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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.
