Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 513.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,722 shares of the mining company’s stock after acquiring an additional 12,323 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in U.S. Silica Holdings were worth $522,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Somerset Trust Co boosted its holdings in U.S. Silica Holdings by 0.7% during the 2nd quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock valued at $231,000 after acquiring an additional 43 shares during the period. Covenant Asset Management LLC boosted its holdings in U.S. Silica Holdings by 0.5% during the 2nd quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock valued at $718,000 after acquiring an additional 100 shares during the period. World Asset Management Inc boosted its holdings in U.S. Silica Holdings by 3.3% during the 1st quarter. World Asset Management Inc now owns 4,695 shares of the mining company’s stock valued at $225,000 after acquiring an additional 152 shares during the period. Tyers Asset Management LLC boosted its holdings in U.S. Silica Holdings by 11.0% during the 1st quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after acquiring an additional 224 shares during the period. Finally, 1st Global Advisors Inc. boosted its holdings in U.S. Silica Holdings by 6.1% during the 1st quarter. 1st Global Advisors Inc. now owns 4,390 shares of the mining company’s stock valued at $211,000 after acquiring an additional 252 shares during the period.
TRADEMARK VIOLATION NOTICE: “U.S. Silica Holdings, Inc. (SLCA) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank” was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/09/13/u-s-silica-holdings-inc-slca-position-boosted-by-zurcher-kantonalbank-zurich-cantonalbank.html.
A number of research firms recently issued reports on SLCA. Royal Bank Of Canada set a $60.00 price objective on U.S. Silica Holdings and gave the company a “buy” rating in a report on Saturday, July 1st. ValuEngine cut U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Scotiabank set a $63.00 price objective on U.S. Silica Holdings and gave the company a “buy” rating in a report on Tuesday, June 13th. BidaskClub upgraded U.S. Silica Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. U.S. Silica Holdings currently has an average rating of “Buy” and an average price target of $52.18.
U.S. Silica Holdings, Inc. (NYSE SLCA) opened at 28.67 on Wednesday. U.S. Silica Holdings, Inc. has a 52-week low of $24.26 and a 52-week high of $61.49. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 163.83 and a beta of 2.32. The stock has a 50 day moving average price of $26.73 and a 200 day moving average price of $37.17.
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, beating the 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 return on equity of 1.92% and a net margin of 1.60%. The company’s revenue for the quarter was up 148.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) earnings per share. On average, equities analysts expect that U.S. Silica Holdings, Inc. will post $1.59 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 a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, September 14th. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently 192.31%.
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.
Receive News & Ratings for U.S. Silica Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.