First Eagle Investment Management LLC Has $508,000 Stake in Smart Sand, Inc. (NASDAQ:SND)

First Eagle Investment Management LLC boosted its position in shares of Smart Sand, Inc. (NASDAQ:SND) by 18.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,559 shares of the company’s stock after acquiring an additional 35,813 shares during the quarter. First Eagle Investment Management LLC’s holdings in Smart Sand were worth $508,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Smart Sand by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock worth $839,000 after acquiring an additional 5,540 shares during the period. JB Capital Partners LP bought a new position in Smart Sand during the third quarter worth $376,000. Empowered Funds LLC increased its holdings in shares of Smart Sand by 4.8% in the fourth quarter. Empowered Funds LLC now owns 150,892 shares of the company’s stock valued at $340,000 after purchasing an additional 6,909 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Smart Sand by 33.6% in the fourth quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock valued at $247,000 after purchasing an additional 27,664 shares during the period. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Smart Sand in the third quarter valued at about $85,000. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th.

Smart Sand Stock Performance

SND opened at $2.32 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98. The business has a fifty day simple moving average of $2.32 and a 200 day simple moving average of $2.23. Smart Sand, Inc. has a 1 year low of $1.73 and a 1 year high of $2.80. The company has a market capitalization of $99.47 million, a PE ratio of -16.57 and a beta of 1.03.

Smart Sand (NASDAQ:SND) last announced its earnings results on Monday, March 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. The company had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $65.90 million. Research analysts expect that Smart Sand, Inc. will post 0.07 EPS for the current year.

Smart Sand Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.