NGAM Advisors L.P. Purchases 21,185 Shares of U.S. Silica Holdings, Inc. (SLCA)
NGAM Advisors L.P. boosted its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 95.7% during the second quarter, Holdings Channel reports. The institutional investor owned 43,323 shares of the mining company’s stock after buying an additional 21,185 shares during the period. NGAM Advisors L.P.’s holdings in U.S. Silica Holdings were worth $1,537,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Howard Hughes Medical Institute purchased a new position in shares of U.S. Silica Holdings during the first quarter valued at about $106,000. Tyers Asset Management LLC boosted its position in shares of U.S. Silica Holdings by 11.0% in the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after buying an additional 224 shares in the last quarter. Welch Group LLC purchased a new position in shares of U.S. Silica Holdings during the first quarter valued at about $113,000. Elkfork Partners LLC boosted its position in shares of U.S. Silica Holdings by 11.0% in the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after buying an additional 308 shares in the last quarter. Finally, Creative Planning boosted its position in shares of U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares in the last quarter.
Shares of U.S. Silica Holdings, Inc. (SLCA) opened at 25.01 on Tuesday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 142.91 and a beta of 2.33. U.S. Silica Holdings, Inc. has a 52-week low of $24.82 and a 52-week high of $61.49. The company has a 50 day moving average of $30.53 and a 200 day moving average of $41.44.
U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. U.S. Silica Holdings’s revenue was up 148.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.17) earnings per share. Analysts predict that U.S. Silica Holdings, Inc. will post $1.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be issued a dividend of $0.063 per share. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, September 14th. U.S. Silica Holdings’s payout ratio is presently 192.31%.
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Several equities analysts have issued reports on SLCA shares. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price objective on shares of U.S. Silica Holdings in a research note on Friday, May 26th. Janney Montgomery Scott started coverage on shares of U.S. Silica Holdings in a research note on Thursday, June 15th. They set a “buy” rating and a $51.00 price target on the stock. Scotiabank set a $63.00 price target on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, Citigroup Inc. lowered their price target on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. U.S. Silica Holdings 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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