Strs Ohio reduced its position in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 96.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,800 shares of the mining company’s stock after selling 112,600 shares during the period. Strs Ohio’s holdings in U.S. Silica Holdings were worth $118,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Viking Fund Management LLC boosted its position in shares of U.S. Silica Holdings by 4.1% in the 3rd quarter. Viking Fund Management LLC now owns 685,000 shares of the mining company’s stock valued at $21,283,000 after purchasing an additional 27,000 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in shares of U.S. Silica Holdings in the 3rd quarter valued at $201,000. Sentry Investment Management LLC acquired a new position in shares of U.S. Silica Holdings in the 2nd quarter valued at $221,000. Ashburton Jersey Ltd boosted its position in U.S. Silica Holdings by 54.9% during the 2nd quarter. Ashburton Jersey Ltd now owns 49,482 shares of the mining company’s stock worth $1,756,000 after acquiring an additional 17,530 shares during the period. Finally, Gofen & Glossberg LLC IL acquired a new stake in U.S. Silica Holdings during the 2nd quarter worth about $355,000.
Shares of U.S. Silica Holdings, Inc. (NYSE SLCA) opened at $35.52 on Friday. U.S. Silica Holdings, Inc. has a fifty-two week low of $24.26 and a fifty-two week high of $61.49. The stock has a market capitalization of $2,885.22, a PE ratio of 39.03 and a beta of 2.29. The company has a quick ratio of 4.88, a current ratio of 3.67 and a debt-to-equity ratio of 0.39.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. U.S. Silica Holdings had a return on equity of 5.73% and a net margin of 6.24%. The company had revenue of $345.00 million during the quarter, compared to the consensus estimate of $328.91 million. During the same period in the prior year, the company earned ($0.13) earnings per share. The company’s revenue for the quarter was up 150.5% compared to the same quarter last year. sell-side analysts predict that U.S. Silica Holdings, Inc. will post 1.52 EPS for the current fiscal year.
U.S. Silica Holdings declared that its Board of Directors has approved a stock repurchase plan on Monday, November 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the mining company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be given a dividend of $0.063 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.71%. U.S. Silica Holdings’s dividend payout ratio is currently 31.25%.
Several brokerages have recently issued reports on SLCA. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and set a $45.00 price target (down from $65.00) on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. ValuEngine downgraded U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Barclays PLC reissued an “equal weight” rating and set a $45.00 price objective on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. Finally, Credit Suisse Group set a $41.00 price objective on U.S. Silica Holdings and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.84.
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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