Viking Fund Management buys $10,260,000 stake in Fairmount Santrol Holdings Inc (FMSA)

Fairmount Santrol Holdings Inc (FMSA) : Viking Fund Management scooped up 360,000 additional shares in Fairmount Santrol Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 1,080,000 shares of Fairmount Santrol Holdings Inc which is valued at $10,260,000.Fairmount Santrol Holdings Inc makes up approximately 1.65% of Viking Fund Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in FMSA by selling 2,000 shares or 58.82% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of FMSA which is valued at $13,300.Legal General Group Plc reduced its stake in FMSA by selling 8,313 shares or 43.49% in the most recent quarter. The Hedge Fund company now holds 10,802 shares of FMSA which is valued at $103,483. Creative Planning added FMSA to its portfolio by purchasing 18,000 company shares during the most recent quarter which is valued at $172,440.Cutler Group Lp reduced its stake in FMSA by selling 466 shares or 9.71% in the most recent quarter. The Hedge Fund company now holds 4,335 shares of FMSA which is valued at $42,223.Simplex Trading reduced its stake in FMSA by selling 1,508 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 34,181 shares of FMSA which is valued at $311,047. Fairmount Santrol Holdings Inc makes up approx 0.04% of Simplex Trading’s portfolio.

Fairmount Santrol Holdings Inc closed down -0.16 points or -1.64% at $9.58 with 21,86,110 shares getting traded on Tuesday. Post opening the session at $9.75, the shares hit an intraday low of $9.4 and an intraday high of $9.86 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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