First Heartland Consultants Inc. Takes Position in U.S. Silica Holdings, Inc. (NYSE:SLCA)
First Heartland Consultants Inc. bought a new stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,000 shares of the mining company’s stock, valued at approximately $213,000.
A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of U.S. Silica Holdings by 64,463.2% in the first quarter. BlackRock Inc. now owns 9,076,290 shares of the mining company’s stock valued at $435,571,000 after buying an additional 9,062,232 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of U.S. Silica Holdings by 111.1% in the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock valued at $63,069,000 after buying an additional 935,430 shares during the period. Jennison Associates LLC increased its stake in shares of U.S. Silica Holdings by 150.3% in the first quarter. Jennison Associates LLC now owns 1,110,609 shares of the mining company’s stock valued at $53,298,000 after buying an additional 666,831 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of U.S. Silica Holdings during the second quarter valued at about $22,977,000. Finally, Norges Bank purchased a new stake in shares of U.S. Silica Holdings during the fourth quarter valued at about $26,283,000.
Shares of U.S. Silica Holdings, Inc. (SLCA) traded down 0.08% during midday trading on Friday, reaching $25.44. 1,505,022 shares of the company were exchanged. The company has a market capitalization of $2.07 billion, a P/E ratio of 145.37 and a beta of 2.33. The stock has a 50-day moving average price of $30.78 and a 200 day moving average price of $41.93. U.S. Silica Holdings, Inc. has a 52-week low of $24.99 and a 52-week 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, beating the consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same period in the previous year, the business earned ($0.17) EPS. The company’s revenue was up 148.3% compared to the same quarter last year. Equities research analysts expect that U.S. Silica Holdings, Inc. will post $1.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be paid a $0.063 dividend. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 14th. U.S. Silica Holdings’s payout ratio is presently 192.31%.
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Several analysts have issued reports on SLCA shares. Jefferies Group LLC reissued a “buy” rating and set a $65.00 target price on shares of U.S. Silica Holdings in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $42.00 price target (down from $65.00) on shares of U.S. Silica Holdings in a research note on Thursday, July 20th. ValuEngine downgraded shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Barclays PLC downgraded shares of U.S. Silica Holdings from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $56.00 to $45.00 in a research note on Friday, April 21st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $52.01.
U.S. Silica Holdings Company 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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