D. E. Shaw & Co. Inc. acquired a new position in shares of Smart Sand Inc (NASDAQ:SND) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 99,755 shares of the company’s stock, valued at approximately $243,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clearbridge Investments LLC raised its holdings in shares of Smart Sand by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 2,595,058 shares of the company’s stock valued at $11,548,000 after acquiring an additional 24,440 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Smart Sand in the 2nd quarter valued at about $107,000. SG Americas Securities LLC purchased a new stake in shares of Smart Sand in the 2nd quarter valued at about $107,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Smart Sand by 75.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 139,520 shares of the company’s stock valued at $340,000 after acquiring an additional 59,920 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Smart Sand in the 2nd quarter valued at about $36,000. 34.25% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:SND opened at $2.62 on Friday. The business’s 50-day moving average price is $2.63 and its two-hundred day moving average price is $3.04. Smart Sand Inc has a twelve month low of $1.92 and a twelve month high of $4.68. The stock has a market cap of $108.26 million, a P/E ratio of 3.23 and a beta of 2.22. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.11.
Several analysts have weighed in on the company. ValuEngine raised Smart Sand from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Evercore ISI set a $5.00 price target on Smart Sand and gave the company a “hold” rating in a report on Wednesday, August 7th. Seaport Global Securities reaffirmed a “buy” rating on shares of Smart Sand in a report on Friday, August 16th. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Saturday, September 7th. Finally, B. Riley raised Smart Sand from a “neutral” rating to a “buy” rating and raised their price target for the company from $4.50 to $5.00 in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Smart Sand currently has a consensus rating of “Hold” and a consensus price target of $3.79.
Smart Sand Company Profile
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
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