Texas Permanent School Fund boosted its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,265 shares of the mining company’s stock after buying an additional 445 shares during the period. Texas Permanent School Fund’s holdings in U.S. Silica Holdings were worth $1,890,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Howard Hughes Medical Institute purchased a new stake in shares of U.S. Silica Holdings during the first quarter valued at $106,000. Tyers Asset Management LLC boosted its stake in shares of 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 valued at $108,000 after buying an additional 224 shares during the period. Welch Group LLC bought a new stake in shares of U.S. Silica Holdings during the first quarter valued at approximately $113,000. Elkfork Partners LLC boosted its stake in shares of 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 valued at $149,000 after buying an additional 308 shares during the period. Finally, Creative Planning boosted its stake in shares of U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares during the period.

U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 25.44 on Friday. U.S. Silica Holdings, Inc. has a 52-week low of $24.99 and a 52-week high of $61.49. 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 is $30.78 and its 200-day moving average is $41.93.

U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 148.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.17) earnings per share. Equities analysts expect that U.S. Silica Holdings, Inc. will post $1.53 earnings per share for the current year.

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

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Several analysts recently commented on SLCA shares. BidaskClub cut shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup Inc. reduced their price objective on shares of 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) raised their price objective on shares of 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 reiterated a “buy” rating and issued a $45.00 price objective (down previously from $65.00) on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $45.00 price objective 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 assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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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