U.S. Silica (NYSE:SLCA) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCAGet Free Report) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the mining company’s stock.

Separately, Citigroup upped their target price on U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, May 1st.

Read Our Latest Stock Analysis on SLCA

U.S. Silica Stock Up 0.1 %

U.S. Silica stock opened at $15.46 on Tuesday. The firm has a 50 day moving average price of $15.46 and a two-hundred day moving average price of $13.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.74 and a current ratio of 3.62. U.S. Silica has a 52-week low of $10.09 and a 52-week high of $16.03. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 10.52 and a beta of 1.99.

U.S. Silica (NYSE:SLCAGet Free Report) last released its earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. U.S. Silica had a net margin of 8.08% and a return on equity of 13.77%. The business had revenue of $325.90 million for the quarter, compared to analyst estimates of $336.59 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. U.S. Silica’s revenue for the quarter was down 26.3% on a year-over-year basis. Equities analysts predict that U.S. Silica will post 1.02 EPS for the current year.

Insider Activity at U.S. Silica

In other U.S. Silica news, EVP Zach Carusona sold 42,605 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $15.55, for a total value of $662,507.75. Following the completion of the sale, the executive vice president now directly owns 160,929 shares in the company, valued at $2,502,445.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On U.S. Silica

Institutional investors and hedge funds have recently made changes to their positions in the stock. Findell Capital Management LLC acquired a new position in U.S. Silica during the 4th quarter worth approximately $5,881,000. Pacer Advisors Inc. raised its position in shares of U.S. Silica by 90.4% during the fourth quarter. Pacer Advisors Inc. now owns 3,817,279 shares of the mining company’s stock worth $43,173,000 after purchasing an additional 1,811,951 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of U.S. Silica by 26.3% in the 4th quarter. Victory Capital Management Inc. now owns 16,235 shares of the mining company’s stock worth $184,000 after purchasing an additional 3,378 shares in the last quarter. Wellington Management Group LLP grew its position in U.S. Silica by 6.0% in the 4th quarter. Wellington Management Group LLP now owns 823,696 shares of the mining company’s stock valued at $9,316,000 after purchasing an additional 46,335 shares during the period. Finally, American Century Companies Inc. increased its stake in U.S. Silica by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 1,040,426 shares of the mining company’s stock valued at $14,608,000 after purchasing an additional 114,579 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

About U.S. Silica

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U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.

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