Quantitative Investment Management LLC Purchases Shares of 226,300 Fairmount Santrol Holdings Inc (FMSA)

Quantitative Investment Management LLC purchased a new stake in shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 226,300 shares of the industrial products company’s stock, valued at approximately $1,183,000. Quantitative Investment Management LLC owned 0.10% of Fairmount Santrol as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FMSA. Parametric Portfolio Associates LLC grew its stake in shares of Fairmount Santrol by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock valued at $669,000 after purchasing an additional 7,472 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Fairmount Santrol by 68.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 50,298 shares during the period. California State Teachers Retirement System grew its stake in shares of Fairmount Santrol by 53.6% during the 2nd quarter. California State Teachers Retirement System now owns 274,886 shares of the industrial products company’s stock valued at $1,072,000 after purchasing an additional 95,900 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Fairmount Santrol by 138.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 75,230 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 43,680 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Fairmount Santrol by 96.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock valued at $6,762,000 after purchasing an additional 692,814 shares during the period. Institutional investors and hedge funds own 74.73% of the company’s stock.

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FMSA stock opened at $4.19 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 2.28. Fairmount Santrol Holdings Inc has a twelve month low of $2.46 and a twelve month high of $7.71. The company has a market capitalization of $942.25, a P/E ratio of 17.46 and a beta of 2.20.

Fairmount Santrol (NYSE:FMSA) last posted its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Fairmount Santrol had a return on equity of 20.31% and a net margin of 5.60%. The business had revenue of $273.90 million during the quarter, compared to analysts’ expectations of $279.50 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 94.9% on a year-over-year basis. analysts anticipate that Fairmount Santrol Holdings Inc will post 0.6 earnings per share for the current year.

In other news, Director William E. Conway acquired 50,000 shares of Fairmount Santrol stock in a transaction on Wednesday, March 14th. The shares were acquired at an average price of $4.26 per share, with a total value of $213,000.00. Following the purchase, the director now directly owns 56,549 shares in the company, valued at approximately $240,898.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gerald L. Clancey sold 10,477 shares of Fairmount Santrol stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.49, for a total value of $47,041.73. The disclosure for this sale can be found here. Over the last three months, insiders purchased 56,600 shares of company stock worth $240,570 and sold 28,626 shares worth $128,051. 9.80% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on FMSA shares. Guggenheim raised Fairmount Santrol from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Monday, December 18th. Royal Bank of Canada set a $7.00 price objective on Fairmount Santrol and gave the company a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research cut Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.15 price objective on shares of Fairmount Santrol in a research report on Tuesday, December 26th. Finally, B. Riley reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Fairmount Santrol in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.95.

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Fairmount Santrol Company Profile

Fairmount Santrol Holdings Inc is a provider of 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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Institutional Ownership by Quarter for Fairmount Santrol (NYSE:FMSA)

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