Trade Report: The Johnson Rice Begins Coverage on FMSA Holdings Inc. (FMSA)

The Johnson Rice Begins Coverage on FMSA Holdings Inc. (FMSA)

Johnson Rice assumed coverage on shares of FMSA Holdings Inc. (NYSE:FMSA) in a research note released on Monday. The firm issued an accumulate rating on the stock.

A number of other analysts have also recently commented on the stock. DA Davidson cut shares of FMSA Holdings from a buy rating to an underperform rating and set a $5.00 price objective for the company. in a research report on Monday, June 13th. Wells Fargo & Co. upgraded shares of FMSA Holdings from a market perform rating to an outperform rating in a research report on Monday, July 18th. Citigroup Inc. set a $9.50 price objective on shares of FMSA Holdings and gave the company a buy rating in a research report on Monday, September 12th. Zacks Investment Research cut shares of FMSA Holdings from a strong-buy rating to a hold rating in a research report on Thursday, July 14th. Finally, Barclays PLC began coverage on shares of FMSA Holdings in a research report on Wednesday, August 10th. They issued an equal weight rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $7.35.

FMSA Holdings (NYSE:FMSA) opened at 9.58 on Monday. FMSA Holdings has a one year low of $1.00 and a one year high of $9.86. The stock’s 50 day moving average price is $7.84 and its 200-day moving average price is $6.22. The stock’s market cap is $1.83 billion.

FMSA Holdings (NYSE:FMSA) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.41. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’s quarterly revenue was down 48.5% compared to the same quarter last year. On average, analysts predict that FMSA Holdings will post ($0.42) earnings per share for the current year.

In other FMSA Holdings news, Director Charles D. Fowler acquired 1,666,666 shares of FMSA Holdings stock in a transaction dated Tuesday, July 26th. The stock was bought at an average cost of $5.95 per share, for a total transaction of $9,916,662.70. Following the purchase, the director now directly owns 1,705,132 shares in the company, valued at approximately $10,145,535.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Systematic Financial Management LP purchased a new stake in shares of FMSA Holdings during the second quarter valued at about $1,498,000. State Street Corp increased its stake in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock valued at $2,194,000 after buying an additional 11,165 shares during the period. California State Teachers Retirement System increased its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock valued at $1,065,000 after buying an additional 2,546 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of FMSA Holdings during the second quarter valued at about $1,026,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock valued at $19,263,000 after buying an additional 56,680 shares during the period. Institutional investors own 14.36% of the company’s stock.

FMSA Holdings Company Profile

Related posts

Leave a Comment