Renaissance Technologies LLC Raises Holdings in Smart Sand, Inc. (NASDAQ:SND)

Renaissance Technologies LLC boosted its holdings in shares of Smart Sand, Inc. (NASDAQ:SND - Free Report) by 88.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,679 shares of the company's stock after buying an additional 183,779 shares during the period. Renaissance Technologies LLC owned approximately 0.91% of Smart Sand worth $879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SND. JB Capital Partners LP boosted its holdings in shares of Smart Sand by 75.0% in the 4th quarter. JB Capital Partners LP now owns 350,000 shares of the company's stock valued at $788,000 after acquiring an additional 150,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Smart Sand by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 433,251 shares of the company's stock valued at $975,000 after buying an additional 7,447 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Smart Sand by 11.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 231,840 shares of the company's stock valued at $522,000 after buying an additional 24,105 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Smart Sand in the fourth quarter worth about $272,000. Finally, LPL Financial LLC acquired a new stake in Smart Sand during the fourth quarter worth about $25,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Smart Sand from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th.

Smart Sand Trading Up 2.5 %

SND stock traded up $0.05 during midday trading on Wednesday, hitting $2.05. 120,635 shares of the company's stock were exchanged, compared to its average volume of 134,687. Smart Sand, Inc. has a 1-year low of $1.73 and a 1-year high of $2.80. The business has a 50-day simple moving average of $2.19 and a two-hundred day simple moving average of $2.26. The stock has a market capitalization of $90.37 million, a PE ratio of -14.64 and a beta of 0.97. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04.

Smart Sand (NASDAQ:SND - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $91.36 million during the quarter, compared to the consensus estimate of $65.90 million. Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. On average, sell-side analysts predict that Smart Sand, Inc. will post 0.07 EPS for the current fiscal 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.