CoreCommodity Management LLC lessened its position in U.S. Silica Holdings Inc (NYSE:SLCA) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,068 shares of the mining company’s stock after selling 4,962 shares during the quarter. CoreCommodity Management LLC’s holdings in U.S. Silica were worth $194,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in U.S. Silica by 10.0% in 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 last quarter. Vanguard Group Inc raised its position in 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 valued at $146,252,000 after buying an additional 65,064 shares during the last quarter. Vanguard Group Inc. raised its position in 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 valued at $146,252,000 after buying an additional 65,064 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 valued at $46,997,000 after buying an additional 699,673 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its position in U.S. Silica by 33.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,592,753 shares of the mining company’s stock valued at $67,652,000 after buying an additional 898,905 shares during the last quarter.
Shares of NYSE SLCA opened at $15.54 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.30 and a debt-to-equity ratio of 1.25. U.S. Silica Holdings Inc has a 12 month low of $9.30 and a 12 month high of $34.34. The company has a market cap of $1.14 billion, a PE ratio of 9.84 and a beta of 2.39.
U.S. Silica (NYSE:SLCA) last issued its earnings results on Tuesday, February 19th. The mining company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $372.00 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, research analysts expect that U.S. Silica Holdings Inc will post -0.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.063 per share. This is an increase from U.S. Silica’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, March 13th. U.S. Silica’s payout ratio is currently 15.82%.
A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies lifted their target price on U.S. Silica to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, February 20th. Cowen reissued an “outperform” rating and issued a $23.00 target price (up previously from $17.00) on shares of U.S. Silica in a research report on Wednesday, February 20th. Barclays lowered U.S. Silica from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $20.00 to $15.00 in a research report on Tuesday, January 15th. B. Riley set a $19.00 target price on U.S. Silica and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, Bank of America set a $15.00 price target on U.S. Silica and gave the company a “sell” rating in a research note on Wednesday, February 20th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.16.
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About U.S. Silica
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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