Geode Capital Management LLC Raises Holdings in Smart Sand, Inc. (NASDAQ:SND)

Geode Capital Management LLC boosted its stake in shares of Smart Sand, Inc. (NASDAQ:SND) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,804 shares of the company’s stock after acquiring an additional 5,540 shares during the quarter. Geode Capital Management LLC’s holdings in Smart Sand were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SND. Empowered Funds LLC lifted its holdings in Smart Sand by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after buying an additional 7,236 shares during the period. Acadian Asset Management LLC lifted its holdings in Smart Sand by 16.4% in the 2nd quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock worth $1,700,000 after buying an additional 113,440 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Smart Sand by 36.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after buying an additional 80,787 shares during the period. First Eagle Investment Management LLC purchased a new stake in Smart Sand in the 2nd quarter worth approximately $294,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in Smart Sand in the 3rd quarter worth approximately $85,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Smart Sand Trading Down 2.2 %

NASDAQ SND opened at $2.23 on Friday. Smart Sand, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $2.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71. The stock has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.15. The stock has a market cap of $95.71 million, a P/E ratio of -15.93 and a beta of 1.10.

About Smart Sand

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.