Simplex Trading Lowers stake in Fairmount Santrol Holdings Inc (FMSA)

Fairmount Santrol Holdings Inc (FMSA) : Simplex Trading reduced its stake in Fairmount Santrol Holdings Inc by 4.23% during the most recent quarter end. The investment management company now holds a total of 34,181 shares of Fairmount Santrol Holdings Inc which is valued at $311,047 after selling 1,508 shares in Fairmount Santrol Holdings Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Fairmount Santrol Holdings Inc makes up approximately 0.04% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in FMSA in the latest quarter, The investment management firm added 4,094 additional shares and now holds a total of 8,689 shares of Fairmount Santrol Holdings Inc which is valued at $77,680.

Fairmount Santrol Holdings Inc opened for trading at $9.13 and hit $9.3699 on the upside on Friday, eventually ending the session at $9.1, with a gain of 0.44% or 0.04 points. The heightened volatility saw the trading volume jump to 20,61,335 shares. Company has a market cap of $1,742 M.

On the company’s financial health, Fairmount Santrol Holdings Inc reported $-0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.36 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.18. The company had revenue of $114.00 million for the quarter, compared to analysts expectations of $113.23 million. The company’s revenue was down -48.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Fairmount Santrol Holdings Inc. Fairmount Santrol Holdings Inc was Initiated by Johnson Rice to “Accumulate” on Oct 10, 2016. Fairmount Santrol Holdings Inc was Initiated by Credit Suisse to “Neutral” on Sep 7, 2016. Barclays Initiated Fairmount Santrol Holdings Inc on Aug 10, 2016 to “Equal Weight”, Price Target of the shares are set at $9.

Fairmount Santrol Holdings Inc. formerly FMSA Holdings Inc. is a provider of sand-based proppant solutions. The Company’s operations are organized into two segments: Proppant Solutions and Industrial and Recreational (I&R) Products. The Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States Canada Argentina Mexico China northern Europe and the United Arab Emirates. The I&R segment provides raw coated and custom blended sands to the foundry building products glass turf and landscape and filtration industries primarily in North America. It develops proppants used by exploration and production (E&P) companies to enhance the productivity of their oil and gas wells. It offers a range of proppants including sand and a spectrum of resin-coated products. It offers sand-based products to end users in the foundry glass building products and sports and recreation markets (collectively the I&R markets).

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