Other research analysts have also recently issued reports about the stock. Citigroup Inc. raised their target price on shares of FMSA Holdings from $9.50 to $10.00 and gave the stock a buy rating in a report on Tuesday, July 19th. Simmons upgraded shares of FMSA Holdings to a buy rating and set a $8.00 target price for the company in a report on Thursday, July 21st. 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 report on Tuesday, July 12th. Piper Jaffray Cos. upgraded shares of FMSA Holdings from a neutral rating to an overweight rating and reduced their target price for the stock from $9.75 to $8.00 in a report on Thursday, July 21st. Finally, Barclays PLC began coverage on shares of FMSA Holdings in a report on Wednesday, August 10th. They set an equal weight rating and a $9.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. FMSA Holdings presently has a consensus rating of Buy and a consensus price target of $7.69.
Shares of FMSA Holdings (NYSE:FMSA) opened at 9.46 on Wednesday. The stock’s 50 day moving average price is $8.11 and its 200-day moving average price is $6.47. The firm’s market capitalization is $1.81 billion. FMSA Holdings has a 12-month low of $1.00 and a 12-month high of $9.86.
FMSA Holdings (NYSE:FMSA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.41. The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. FMSA Holdings’s quarterly revenue was down 48.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. On average, equities analysts expect that FMSA Holdings will post ($0.42) EPS for the current year.
In other FMSA Holdings news, Director Charles D. Fowler purchased 1,666,666 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were acquired at an average price of $5.95 per share, for a total transaction of $9,916,662.70. Following the acquisition, the director now owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management raised its position in FMSA Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the company’s stock worth $342,000 after buying an additional 8,000 shares during the last quarter. Viking Fund Management LLC raised its position in FMSA Holdings by 50.0% in the third quarter. Viking Fund Management LLC now owns 1,080,000 shares of the company’s stock worth $9,158,000 after buying an additional 360,000 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in FMSA Holdings during the second quarter worth about $434,000. Panagora Asset Management Inc. raised its position in 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 during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in FMSA Holdings by 51.8% in the second quarter. Parametric Portfolio Associates LLC now owns 454,708 shares of the company’s stock worth $3,506,000 after buying an additional 155,068 shares during the last quarter. Institutional investors and hedge funds own 14.37% of the company’s stock.
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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