Hodges Capital Management Inc. lessened its position in U.S. Silica Holdings Inc (NYSE:SLCA) by 15.0% during the fourth quarter, Holdings Channel reports. The fund owned 229,915 shares of the mining company’s stock after selling 40,530 shares during the period. Hodges Capital Management Inc.’s holdings in U.S. Silica were worth $7,486,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. QS Investors LLC boosted its stake in shares of U.S. Silica by 0.3% during the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock valued at $217,000 after purchasing an additional 18 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of U.S. Silica during the 2nd quarter valued at about $221,000. Verde Servicos Internacionais S.A. bought a new stake in shares of U.S. Silica during the 3rd quarter valued at about $201,000. Phoenix Investment Adviser LLC bought a new stake in shares of U.S. Silica during the 4th quarter valued at about $228,000. Finally, Gabelli Funds LLC bought a new stake in shares of U.S. Silica during the 4th quarter valued at about $228,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

U.S. Silica Holdings Inc (SLCA) opened at $28.64 on Friday. U.S. Silica Holdings Inc has a 12-month low of $24.26 and a 12-month high of $61.49. The stock has a market cap of $2,447.41, a PE ratio of 35.80 and a beta of 2.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.26 and a current ratio of 3.67.

U.S. Silica declared that its Board of Directors has initiated a stock repurchase program on Monday, November 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the mining company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts have recently weighed in on the stock. Cowen set a $45.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a research note on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of U.S. Silica in a research note on Tuesday, January 9th. Citigroup lifted their target price on shares of U.S. Silica from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Wolfe Research lowered shares of U.S. Silica from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 14th. Finally, R. F. Lafferty assumed coverage on shares of U.S. Silica in a research note on Wednesday, January 17th. They set a “buy” rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.76.

In other news, Director Charles W. Shaver bought 3,300 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average cost of $33.99 per share, with a total value of $112,167.00. Following the completion of the acquisition, the director now owns 29,829 shares of the company’s stock, valued at $1,013,887.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bryan Adair Shinn bought 4,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was purchased at an average cost of $31.30 per share, with a total value of $125,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 88,807 shares of the company’s stock, valued at approximately $2,779,659.10. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,900 shares of company stock valued at $256,063. 1.00% of the stock is currently owned by corporate insiders.

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About U.S. Silica

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 (NYSE:SLCA)

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