Balyasny Asset Management LLC cut its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 72.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,736 shares of the mining company’s stock after selling 482,808 shares during the quarter. Balyasny Asset Management LLC owned about 0.23% of U.S. Silica Holdings worth $6,627,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. QS Investors LLC lifted its holdings in shares of U.S. Silica Holdings by 0.3% during the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after buying an additional 18 shares during the last quarter. Frontier Wealth Management LLC raised its stake in shares of U.S. Silica Holdings by 49.9% in the second quarter. Frontier Wealth Management LLC now owns 15,025 shares of the mining company’s stock valued at $533,000 after purchasing an additional 5,000 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of U.S. Silica Holdings by 12.2% in the second quarter. Voya Investment Management LLC now owns 367,830 shares of the mining company’s stock valued at $13,054,000 after purchasing an additional 40,113 shares in the last quarter. Precocity Capital LP raised its stake in shares of U.S. Silica Holdings by 133.3% in the second quarter. Precocity Capital LP now owns 700,000 shares of the mining company’s stock valued at $24,843,000 after purchasing an additional 400,000 shares in the last quarter. Finally, CQS Cayman LP acquired a new position in shares of U.S. Silica Holdings in the second quarter valued at $532,000.
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A number of research analysts recently commented on the company. Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Barclays PLC restated an “equal weight” rating and issued a $45.00 target price on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, July 27th. Finally, Cowen and Company lowered their price target on U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $49.66.
U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 27.81 on Tuesday. The stock’s 50 day moving average price is $29.58 and its 200 day moving average price is $34.11. U.S. Silica Holdings, Inc. has a 52 week low of $24.26 and a 52 week high of $61.49. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 158.91 and a beta of 2.32.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The company’s revenue for the quarter was up 148.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) earnings per share. On average, equities research analysts predict that U.S. Silica Holdings, Inc. will post $1.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were paid a $0.063 dividend. The ex-dividend date was Thursday, September 14th. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 0.91%. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently 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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