StockNews.com initiated coverage on shares of U.S. Silica (NYSE:SLCA – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the mining company’s stock.
Separately, Citigroup lifted their price objective on shares of U.S. Silica from $13.50 to $15.50 and gave the company a neutral rating in a research note on Wednesday, May 1st.
View Our Latest Report on SLCA
U.S. Silica Stock Down 0.1 %
Institutional Investors Weigh In On U.S. Silica
Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in U.S. Silica by 198.3% in the 1st quarter. Van ECK Associates Corp now owns 4,720,901 shares of the mining company’s stock worth $57,839,000 after acquiring an additional 3,138,425 shares during the period. Glazer Capital LLC bought a new position in U.S. Silica in the 2nd quarter worth $35,162,000. Trium Capital LLP bought a new position in U.S. Silica in the 2nd quarter worth $16,093,000. Water Island Capital LLC bought a new position in U.S. Silica in the 2nd quarter worth $10,867,000. Finally, Boston Partners raised its holdings in U.S. Silica by 49.3% in the 1st quarter. Boston Partners now owns 2,027,823 shares of the mining company’s stock worth $26,034,000 after acquiring an additional 669,534 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.
About U.S. Silica
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.
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