First Trust Advisors LP lifted its holdings in U.S. Silica Holdings Inc (NYSE:SLCA) by 322.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,546 shares of the mining company’s stock after buying an additional 51,558 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of U.S. Silica worth $1,272,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cypress Capital Management LLC WY purchased a new stake in shares of U.S. Silica in the second quarter worth approximately $183,000. Private Advisor Group LLC purchased a new stake in shares of U.S. Silica in the second quarter worth approximately $200,000. Tower Research Capital LLC TRC raised its holdings in shares of U.S. Silica by 2,190.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,162 shares of the mining company’s stock worth $235,000 after buying an additional 8,762 shares during the period. Lutz Financial Services LLC purchased a new stake in shares of U.S. Silica in the second quarter worth approximately $257,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of U.S. Silica in the second quarter worth approximately $267,000.
SLCA opened at $13.06 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.62 and a beta of 2.09. U.S. Silica Holdings Inc has a 52 week low of $12.89 and a 52 week high of $38.70. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings data on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.15). The firm had revenue of $423.17 million for the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that U.S. Silica Holdings Inc will post 1.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.0625 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.25 annualized dividend and a yield of 1.91%. U.S. Silica’s payout ratio is currently 16.67%.
Several equities research analysts have recently weighed in on the company. Wells Fargo & Co assumed coverage on U.S. Silica in a report on Saturday, September 15th. They issued a “buy” rating and a $24.00 price target on the stock. Stifel Nicolaus reduced their price objective on U.S. Silica from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. SunTrust Banks set a $28.00 price objective on U.S. Silica and gave the stock a “buy” rating in a report on Wednesday, October 24th. They noted that the move was a valuation call. Royal Bank of Canada reduced their price objective on U.S. Silica to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, October 24th. Finally, Zacks Investment Research downgraded U.S. Silica from a “hold” rating to a “strong sell” rating in a report on Monday, August 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. U.S. Silica presently has an average rating of “Hold” and an average price target of $24.89.
In related news, CEO Bryan Adair Shinn bought 2,200 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were acquired at an average price of $18.45 per share, with a total value of $40,590.00. Following the transaction, the chief executive officer now owns 126,243 shares of the company’s stock, valued at $2,329,183.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradford B. Casper bought 1,500 shares of the company’s stock in a transaction on Friday, September 28th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $28,440.00. Following the transaction, the executive vice president now directly owns 18,552 shares in the company, valued at approximately $351,745.92. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,614 shares of company stock worth $206,525 in the last ninety days. Insiders own 1.40% of the company’s stock.
U.S. Silica Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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