Cambridge Investment Research Advisors Inc. acquired a new position in U.S. Silica Holdings, Inc. (NYSE:SLCA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,161 shares of the mining company’s stock, valued at approximately $751,000.
Other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of U.S. Silica Holdings in the first quarter worth $508,000. Vanguard Group Inc. lifted its holdings in U.S. Silica Holdings by 5.9% in the first quarter. Vanguard Group Inc. now owns 7,077,375 shares of the mining company’s stock valued at $339,643,000 after buying an additional 397,273 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in U.S. Silica Holdings by 467.4% in the second quarter. BNP Paribas Arbitrage SA now owns 89,781 shares of the mining company’s stock valued at $3,186,000 after buying an additional 73,959 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in U.S. Silica Holdings in the second quarter valued at $22,977,000. Finally, Victory Capital Management Inc. lifted its holdings in U.S. Silica Holdings by 178.7% in the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock valued at $34,101,000 after buying an additional 616,051 shares during the period.
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Several brokerages have recently weighed in on SLCA. BidaskClub lowered shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. dropped their price objective on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) upped their price objective on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Jefferies Group LLC reiterated a “buy” rating and set a $45.00 price objective (down previously from $65.00) on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.18.
Shares of U.S. Silica Holdings, Inc. (SLCA) opened at 31.75 on Friday. The firm has a 50-day moving average of $26.86 and a 200 day moving average of $36.17. The stock has a market capitalization of $2.58 billion, a PE ratio of 181.43 and a beta of 2.32. U.S. Silica Holdings, Inc. has a 1-year low of $24.26 and a 1-year high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The company had revenue of $290.50 million during the quarter, compared to analyst estimates of $316.43 million. During the same period last year, the firm posted ($0.17) EPS. U.S. Silica Holdings’s revenue for the quarter was up 148.3% compared to the same quarter last year. Analysts predict that U.S. Silica Holdings, Inc. will post $1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 0.79%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 192.31%.
U.S. Silica Holdings Company Profile
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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