U.S. Silica Holdings, Inc. (SLCA) Position Boosted by Sapience Investments LLC
Sapience Investments LLC increased its position in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 33.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,050 shares of the mining company’s stock after purchasing an additional 75,795 shares during the period. U.S. Silica Holdings makes up 1.7% of Sapience Investments LLC’s portfolio, making the stock its 20th largest holding. Sapience Investments LLC owned about 0.37% of U.S. Silica Holdings worth $10,720,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of U.S. Silica Holdings during the 1st quarter worth about $508,000. Vanguard Group Inc. boosted its stake in shares of U.S. Silica Holdings by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 7,077,375 shares of the mining company’s stock worth $339,643,000 after purchasing an additional 397,273 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of U.S. Silica Holdings by 467.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 89,781 shares of the mining company’s stock worth $3,186,000 after purchasing an additional 73,959 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of U.S. Silica Holdings during the 2nd quarter worth about $22,977,000. Finally, Victory Capital Management Inc. boosted its stake in shares of U.S. Silica Holdings by 178.7% during the 2nd quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock worth $34,101,000 after purchasing an additional 616,051 shares during the period.
U.S. Silica Holdings, Inc. (NYSE:SLCA) traded up 3.39% during midday trading on Friday, hitting $31.75. 3,974,691 shares of the stock traded hands. The firm has a market cap of $2.58 billion, a P/E ratio of 181.43 and a beta of 2.32. The company’s 50-day moving average is $26.86 and its 200 day moving average is $36.17. U.S. Silica Holdings, Inc. has a 12-month low of $24.26 and a 12-month high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million for 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%. The business’s quarterly revenue was up 148.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, analysts anticipate that U.S. Silica Holdings, Inc. will post $1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio is currently 192.31%.
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SLCA has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) lifted their price target on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Jefferies Group LLC set a $40.00 price target on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Monday, August 28th. BidaskClub raised shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine cut shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Citigroup Inc. dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $52.18.
U.S. Silica Holdings 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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