Bank of Montreal Can grew its holdings in shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) by 1,537.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,308 shares of the industrial products company’s stock after purchasing an additional 25,640 shares during the quarter. Bank of Montreal Can’s holdings in Fairmount Santrol were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FMSA. ING Groep NV purchased a new stake in shares of Fairmount Santrol during the 3rd quarter valued at about $24,846,000. Think Investments LP purchased a new stake in shares of Fairmount Santrol during the 3rd quarter valued at about $17,643,000. State Street Corp increased its position in shares of Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after purchasing an additional 1,540,859 shares during the last quarter. Hartland & Co. LLC increased its position in shares of Fairmount Santrol by 6.5% during the 3rd quarter. Hartland & Co. LLC now owns 14,428,795 shares of the industrial products company’s stock valued at $68,970,000 after purchasing an additional 875,446 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Fairmount Santrol during the 3rd quarter valued at about $3,879,000. 74.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Fairmount Santrol Holdings Inc (NYSE FMSA) opened at $4.27 on Wednesday. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. Fairmount Santrol Holdings Inc has a fifty-two week low of $2.46 and a fifty-two week high of $7.71. The stock has a market cap of $975.91, a P/E ratio of 17.40 and a beta of 2.20.
Several research firms have recently commented on FMSA. Cowen reaffirmed a “buy” rating and set a $6.00 price target on shares of Fairmount Santrol in a research report on Friday, March 9th. Credit Suisse Group reduced their target price on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 9th. Zacks Investment Research raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Scotia Howard Weill reissued a “sector perform” rating on shares of Fairmount Santrol in a report on Friday, January 12th. Finally, Howard Weil lowered shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. Fairmount Santrol has a consensus rating of “Hold” and an average target price of $5.95.
In other news, insider Jenniffer D. Deckard sold 6,450 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total transaction of $28,767.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gerald L. Clancey sold 10,477 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were 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 ninety days, insiders have sold 28,626 shares of company stock valued at $128,051. Insiders own 9.80% of the company’s stock.
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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