Fairmount Santrol Holdings Inc. (NYSE:FMSA) Traded 20.2% Above Its 50 Day Average


Shares of the company are trading at $3.45 which is impressively higher than $2.87, the stock’s 50 day moving average and significantly below the 200 day moving average of $4.82. The 50 day moving average was up $0.58 whereas the 200 day moving average was down $-1.37 or -28.48%. (NYSE:FMSA) shares saw heavy trading volume with 4,959K shares changing hands on Friday. Shares saw a steep increase in trading volume of 1,110.76% over the normal average daily volume.

Investors are more bearish of late as implied by the change in short interest. The company saw a rise in short interest from August 15, 2017 to August 31, 2017 of 19.55%. Short interest increased 7,523,819 over that period. Days to cover increased from 6.0 to 11.0 and the short interest percentage is 0.21% as of August 31.

A few notable investment firms have updated their holdings. Exane Derivatives expanded its holdings by buying 58,857 shares an increase of 202.6% from 03/31/2017 to 06/30/2017. Exane Derivatives claims 87,910 shares with a value of $342,779,000. The total value of its holdings increased 161,588.2%. As of quarter end Arosa Capital Management Lp had disposed of 2,996,528 shares trimming its position 46.6%. The value of the investment in Fairmount Santrol Holdings Inc. went from $47,112,000 to $13,380,000 a change of $33,732,000 quarter over quarter.

As of the end of the quarter Point72 Asset Management, L.p. had sold a total of 6,056,574 shares trimming its holdings by 66.7%. The value of the company’s investment in Fairmount Santrol Holdings Inc. decreased from $66,517,000 to $11,770,000 a change of 82.3% quarter to quarter. As of quarter end Bluecrest Capital Management Ltd had bought a total of 136,748 shares growing its stake by 1,030.5%. The value of the total investment in Fairmount Santrol Holdings Inc. went from $97,000 to $585,000 increasing 503.1% for the reporting period.

August 28 investment analysts at Jefferies made no change to the stock rating of “Buy” but lowered the price target from $10.00 to $5.00. On July 20 the company was rated “Sell” according to a Goldman Sachs report which was a cut from the previous “Neutral” rating.

On July 20, 2017 the stock rating was changed to “Sell” in a report from Credit Suisse a cut from the previous “Outperform” rating. On June 15, 2017 Janney Capital began coverage of the stock setting a rating of “Neutral”.

In the latest earnings report the EPS was $-0.20 and is expected to be $0.27 for the current year with 224,080,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.16 with next year’s EPS anticipated to be $0.51.

Fairmount Santrol Holdings Inc., launched on January 25, 1996, 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. Its I&R segment provides raw, coated, and custom blended sands to the foundry, building products, glass, turf and landscape, and filtration industries in North America. Its asset base includes approximately 800 million tons of proven and probable mineral reserves. As of March 2017, the Company had 10 sand processing facilities with 16.8 million tons of annual sand processing capacity. Its coating facilities include operations in Mexico, Denmark and China, through which it serves international oil and gas markets..