CoreCommodity Management LLC lowered its holdings in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 20.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,068 shares of the mining company’s stock after selling 4,962 shares during the period. CoreCommodity Management LLC’s holdings in U.S. Silica were worth $194,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. MetLife Investment Advisors LLC increased its holdings in U.S. Silica by 41.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 54,451 shares of the mining company’s stock worth $1,025,000 after purchasing an additional 16,090 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in U.S. Silica by 94.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 48,402 shares of the mining company’s stock worth $911,000 after purchasing an additional 23,526 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in U.S. Silica by 24.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 853,622 shares of the mining company’s stock worth $16,074,000 after purchasing an additional 167,410 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in U.S. Silica by 801.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 86,488 shares of the mining company’s stock worth $1,628,000 after purchasing an additional 76,889 shares in the last quarter. Finally, Welch & Forbes LLC acquired a new position in U.S. Silica in the 4th quarter worth about $742,000.
Shares of U.S. Silica stock opened at $15.54 on Friday. U.S. Silica Holdings Inc has a one year low of $9.30 and a one year high of $34.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.68 and a current ratio of 2.30. The stock has a market cap of $1.14 billion, a P/E ratio of 9.84 and a beta of 2.39.
U.S. Silica (NYSE:SLCA) last announced its earnings results on Tuesday, February 19th. The mining company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. U.S. Silica had a positive return on equity of 12.55% and a negative net margin of 12.73%. The company had revenue of $357.38 million for the quarter, compared to analyst estimates of $372.00 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities research analysts expect that U.S. Silica Holdings Inc will post -0.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be given a dividend of $0.063 per share. This is a positive change from U.S. Silica’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.62%. U.S. Silica’s dividend payout ratio is presently 15.82%.
A number of equities research analysts have commented on the company. TheStreet lowered U.S. Silica from a “c” rating to a “d+” rating in a research report on Monday, March 4th. B. Riley set a $19.00 price target on U.S. Silica and gave the company a “buy” rating in a research report on Friday, February 22nd. Stifel Nicolaus set a $18.00 price target on U.S. Silica and gave the company a “buy” rating in a research report on Wednesday, February 20th. Bank of America set a $15.00 price target on U.S. Silica and gave the company a “sell” rating in a research report on Wednesday, February 20th. Finally, Cowen reiterated an “outperform” rating and issued a $23.00 price target (up previously from $17.00) on shares of U.S. Silica in a research report on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.16.
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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