SG Capital Management LLC bought a new position in shares of U.S. Silica Holdings Inc (NYSE:SLCA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 370,158 shares of the mining company’s stock, valued at approximately $6,426,000. U.S. Silica accounts for about 1.2% of SG Capital Management LLC’s portfolio, making the stock its 25th largest position. SG Capital Management LLC owned approximately 0.50% of U.S. Silica as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of SLCA. BlackRock Inc. boosted its position in U.S. Silica by 10.0% during the 4th quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock valued at $116,833,000 after buying an additional 1,045,341 shares during the period. Vanguard Group Inc. increased its stake in shares of U.S. Silica by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,766,986 shares of the mining company’s stock worth $146,252,000 after acquiring an additional 65,064 shares in the last quarter. Vanguard Group Inc increased its stake in shares of U.S. Silica by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 7,766,986 shares of the mining company’s stock worth $146,252,000 after acquiring an additional 65,064 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of U.S. Silica by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,616,371 shares of the mining company’s stock worth $46,997,000 after acquiring an additional 699,673 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in U.S. Silica by 10.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,396,691 shares of the mining company’s stock valued at $14,218,000 after purchasing an additional 131,383 shares in the last quarter.
Shares of SLCA traded down $0.62 during trading hours on Wednesday, reaching $13.37. 1,939,756 shares of the company traded hands, compared to its average volume of 1,604,598. U.S. Silica Holdings Inc has a 12-month low of $9.30 and a 12-month high of $34.34. The firm has a market capitalization of $1.02 billion, a P/E ratio of 8.46 and a beta of 2.34. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Wednesday, May 1st. The mining company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The business had revenue of $378.75 million during the quarter, compared to analyst estimates of $354.83 million. U.S. Silica had a negative net margin of 15.85% and a positive return on equity of 9.28%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. Analysts predict that U.S. Silica Holdings Inc will post -0.08 earnings per share for the current year.
A number of research firms have weighed in on SLCA. ValuEngine lowered shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Seaport Global Securities set a $21.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a report on Thursday, April 4th. Cowen reissued an “outperform” rating and issued a $20.00 price objective (down previously from $22.00) on shares of U.S. Silica in a report on Thursday, May 2nd. B. Riley set a $19.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, Barclays downgraded shares of U.S. Silica from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $20.00 to $15.00 in a report on Tuesday, January 15th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. U.S. Silica has an average rating of “Hold” and a consensus target price of $22.53.
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, 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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