Geode Capital Management LLC Has $975,000 Stock Holdings in Smart Sand, Inc. (NASDAQ:SND)

Geode Capital Management LLC boosted its stake in shares of Smart Sand, Inc. (NASDAQ:SND) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,251 shares of the company’s stock after purchasing an additional 7,447 shares during the quarter. Geode Capital Management LLC owned about 1.01% of Smart Sand worth $975,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SND. Kingswood Wealth Advisors LLC acquired a new stake in Smart Sand during the fourth quarter worth about $25,000. LPL Financial LLC bought a new stake in Smart Sand during the fourth quarter worth about $25,000. Quartz Partners LLC acquired a new position in Smart Sand in the fourth quarter worth $29,000. D Orazio & Associates Inc. acquired a new stake in Smart Sand in the 4th quarter valued at about $36,000. Finally, Garden State Investment Advisory Services LLC bought a new position in Smart Sand in the 3rd quarter valued at $85,000. Institutional investors own 35.21% of the company’s stock.

Smart Sand Stock Down 1.4 %

Shares of Smart Sand stock opened at $2.07 on Friday. The business has a 50-day moving average of $2.20 and a two-hundred day moving average of $2.26. Smart Sand, Inc. has a 1 year low of $1.73 and a 1 year high of $2.80. 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 company has a market capitalization of $91.25 million, a P/E ratio of -14.78 and a beta of 0.66.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $65.90 million. Smart Sand had a negative return on equity of 1.74% and a negative net margin of 1.96%. As a group, equities analysts predict that Smart Sand, Inc. will post 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

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 Company 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.