FMSA Holdings Inc. (NYSE:FMSA) had its price objective raised by Citigroup Inc. from $9.50 to $12.25 in a research note published on Tuesday morning. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently issued reports on FMSA. DA Davidson downgraded FMSA Holdings from a buy rating to an underperform rating and set a $5.00 price target on the stock. in a research report on Monday, June 13th. Jefferies Group reiterated a hold rating and issued a $8.00 target price (up previously from $4.00) on shares of FMSA Holdings in a research note on Monday, July 11th. Zacks Investment Research upgraded shares of FMSA Holdings from a hold rating to a strong-buy rating and set a $10.00 target price for the company in a research note on Tuesday, July 12th. Wells Fargo & Co. upgraded shares of FMSA Holdings from a market perform rating to an outperform rating in a research note on Monday, July 18th. Finally, Piper Jaffray Cos. upgraded shares of FMSA Holdings from a neutral rating to an overweight rating and reduced their target price for the company from $9.75 to $8.00 in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $7.35.
Shares of FMSA Holdings (NYSE:FMSA) traded down 2.310% during trading on Tuesday, reaching $9.515. The company had a trading volume of 1,232,460 shares. FMSA Holdings has a 12-month low of $1.00 and a 12-month high of $9.86. The firm has a 50-day moving average of $7.78 and a 200-day moving average of $6.19. The company’s market cap is $1.82 billion.
FMSA Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.41. The firm earned $114.20 million during the quarter, compared to the consensus estimate of $129.35 million. The business’s revenue was down 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities research analysts anticipate that FMSA Holdings will post ($0.42) EPS for the current year.
In other news, Director Charles D. Fowler acquired 1,666,666 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was bought at an average price of $5.95 per share, with a total value of $9,916,662.70. Following the completion of the acquisition, the director now owns 1,705,132 shares in the company, valued at approximately $10,145,535.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.20% of the company’s stock.
Several hedge funds have recently modified their holdings of FMSA. Metropolitan Life Insurance Co. NY bought a new stake in shares of FMSA Holdings during the second quarter worth $434,000. Panagora Asset Management Inc. raised its stake in shares of FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock worth $912,000 after buying an additional 17,232 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of FMSA Holdings during the second quarter worth $1,026,000. Geode Capital Management LLC raised its stake in shares of FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock worth $1,046,000 after buying an additional 28,917 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares in the last quarter. 14.36% of the stock is owned by institutional investors and hedge funds.
FMSA 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.
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