Catalyst Capital Advisors LLC increased its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 29.6% during the second quarter, Holdings Channel reports. The firm owned 176,054 shares of the mining company’s stock after buying an additional 40,161 shares during the period. Catalyst Capital Advisors LLC’s holdings in U.S. Silica Holdings were worth $6,248,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Glen Harbor Capital Management LLC boosted its position in shares of U.S. Silica Holdings by 11.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,794 shares of the mining company’s stock valued at $230,000 after buying an additional 476 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of U.S. Silica Holdings during the first quarter valued at $106,000. Sit Investment Associates Inc. acquired a new position in shares of U.S. Silica Holdings during the first quarter valued at $1,238,000. Covenant Asset Management LLC raised its position in shares of U.S. Silica Holdings by 5.2% in the first quarter. Covenant Asset Management LLC now owns 20,140 shares of the mining company’s stock valued at $967,000 after buying an additional 989 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of U.S. Silica Holdings by 4.0% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the mining company’s stock valued at $388,000 after buying an additional 310 shares in the last quarter.

U.S. Silica Holdings, Inc. (NYSE SLCA) opened at 25.44 on Friday. The firm has a market capitalization of $2.07 billion, a PE ratio of 145.37 and a beta of 2.33. The stock’s 50 day moving average price is $30.78 and its 200 day moving average price is $41.93. U.S. Silica Holdings, Inc. has a one year low of $24.99 and a one year high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. U.S. Silica Holdings’s revenue for the quarter was up 148.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) EPS. Analysts expect that U.S. Silica Holdings, Inc. will post $1.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be paid a $0.063 dividend. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 14th. U.S. Silica Holdings’s payout ratio is presently 192.31%.

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SLCA has been the subject of several recent analyst reports. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup Inc. cut their price target on U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) lifted their price target on U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price target (down previously from $65.00) on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Finally, Barclays PLC restated an “equal weight” rating and issued a $45.00 price target on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.01.

U.S. Silica Holdings Company Profile

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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