Fairmount Santrol (FMSA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of Fairmount Santrol (NYSE:FMSA) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,703 shares of the industrial products company’s stock after selling 17,306 shares during the period. Teacher Retirement System of Texas’ holdings in Fairmount Santrol were worth $147,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in Fairmount Santrol by 18.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 752,210 shares of the industrial products company’s stock valued at $3,935,000 after buying an additional 117,818 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Fairmount Santrol by 99.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,300 shares of the industrial products company’s stock valued at $143,000 after buying an additional 13,600 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Fairmount Santrol by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,483,320 shares of the industrial products company’s stock valued at $7,757,000 after buying an additional 68,850 shares in the last quarter. Virtu Financial LLC grew its stake in Fairmount Santrol by 663.2% in the 4th quarter. Virtu Financial LLC now owns 127,141 shares of the industrial products company’s stock valued at $665,000 after buying an additional 110,482 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in Fairmount Santrol in the 4th quarter valued at approximately $2,443,000. Institutional investors own 71.48% of the company’s stock.

Shares of Fairmount Santrol opened at $5.63 on Thursday, Marketbeat reports. The company has a quick ratio of 1.77, a current ratio of 2.19 and a debt-to-equity ratio of 2.20. Fairmount Santrol has a one year low of $2.46 and a one year high of $6.39. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 23.46 and a beta of 2.13.

Fairmount Santrol (NYSE:FMSA) last announced its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Fairmount Santrol had a net margin of 8.89% and a return on equity of 33.29%. The firm had revenue of $273.34 million during the quarter, compared to the consensus estimate of $270.29 million. During the same period last year, the firm earned ($0.05) EPS. The business’s quarterly revenue was up 58.4% compared to the same quarter last year. equities analysts expect that Fairmount Santrol will post 0.69 earnings per share for the current fiscal year.

FMSA has been the subject of a number of recent research reports. B. Riley lifted their price objective on shares of Fairmount Santrol to $5.50 and gave the company a “neutral” rating in a research note on Tuesday, May 8th. Cowen reiterated a “buy” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a research note on Friday, March 9th. Barclays reiterated a “hold” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a research note on Sunday, May 6th. Piper Jaffray Companies set a $6.00 price objective on shares of Fairmount Santrol and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, Credit Suisse Group reduced their price objective on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.88.

About Fairmount Santrol

Fairmount Santrol Holdings Inc, together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe.

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Institutional Ownership by Quarter for Fairmount Santrol (NYSE:FMSA)

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