Teachers Retirement System of The State of Kentucky purchased a new stake in U.S. Silica Holdings, Inc. (NYSE:SLCA) during the first quarter, Holdings Channel reports. The firm purchased 23,700 shares of the mining company’s stock, valued at approximately $1,137,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLCA. Howard Hughes Medical Institute acquired a new position in U.S. Silica Holdings during the first quarter worth $106,000. Tyers Asset Management LLC raised its position in U.S. Silica Holdings by 11.0% in the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock worth $108,000 after buying an additional 224 shares during the last quarter. Welch Group LLC acquired a new position in U.S. Silica Holdings during the first quarter worth $113,000. Elkfork Partners LLC raised its position in U.S. Silica Holdings by 11.0% in the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock worth $149,000 after buying an additional 308 shares during the last quarter. Finally, Creative Planning raised its position in U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock worth $160,000 after buying an additional 156 shares during the last quarter.

Shares of U.S. Silica Holdings, Inc. (SLCA) opened at 33.92 on Friday. The company’s market capitalization is $2.75 billion. U.S. Silica Holdings, Inc. has a 12 month low of $31.79 and a 12 month high of $61.49. The company’s 50 day moving average price is $36.62 and its 200 day moving average price is $47.26.

U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings data on Monday, April 24th. The mining company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $244.80 million during the quarter, compared to analyst estimates of $236.88 million. U.S. Silica Holdings had a negative return on equity of 1.94% and a negative net margin of 4.07%. The firm’s quarterly revenue was up 99.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) earnings per share. Analysts expect that U.S. Silica Holdings, Inc. will post $1.63 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 15th were paid a dividend of $0.063 per share. The ex-dividend date was Tuesday, June 13th. U.S. Silica Holdings’s dividend payout ratio is -59.52%.

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A number of research firms recently weighed in on SLCA. Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a report on Saturday, July 1st. Barclays PLC set a $56.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a report on Saturday, March 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 price objective on shares of U.S. Silica Holdings in a report on Thursday, July 6th. Scotiabank set a $76.00 price objective on U.S. Silica Holdings and gave the company a “buy” rating in a report on Saturday, April 1st. Finally, Evercore ISI began coverage on U.S. Silica Holdings in a report on Thursday, May 25th. They issued an “outperform” rating and a $48.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. U.S. Silica Holdings presently has an average rating of “Buy” and an average price target of $55.59.

About U.S. Silica Holdings

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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Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

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