ProShare Advisors LLC lowered its position in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,739 shares of the mining company’s stock after selling 1,819 shares during the quarter. ProShare Advisors LLC’s holdings in U.S. Silica Holdings were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Somerset Trust Co lifted its stake in U.S. Silica Holdings by 0.7% in the second quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock worth $231,000 after acquiring an additional 43 shares during the last quarter. Covenant Asset Management LLC lifted its stake in U.S. Silica Holdings by 0.5% in the second quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock worth $718,000 after acquiring an additional 100 shares during the last quarter. World Asset Management Inc lifted its stake in U.S. Silica Holdings by 3.3% in the first quarter. World Asset Management Inc now owns 4,695 shares of the mining company’s stock worth $225,000 after acquiring an additional 152 shares during the last quarter. Texas Permanent School Fund lifted its stake in U.S. Silica Holdings by 0.8% in the second quarter. Texas Permanent School Fund now owns 53,265 shares of the mining company’s stock worth $1,890,000 after acquiring an additional 445 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in U.S. Silica Holdings by 0.5% in the first quarter. Prudential Financial Inc. now owns 123,520 shares of the mining company’s stock worth $5,928,000 after acquiring an additional 620 shares during the last quarter.

A number of research analysts recently issued reports on SLCA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price target on shares of U.S. Silica Holdings in a research note on Thursday, July 6th. Royal Bank Of Canada set a $60.00 price target on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Saturday, July 1st. Janney Montgomery Scott started coverage on shares of U.S. Silica Holdings in a research note on Thursday, June 15th. They issued a “buy” rating and a $51.00 price target for the company. 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. decreased their price target on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, June 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.92.

U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 32.20 on Friday. The firm has a market capitalization of $2.62 billion, a PE ratio of 184.00 and a beta of 2.32. U.S. Silica Holdings, Inc. has a one year low of $24.26 and a one year high of $61.49. The stock has a 50 day moving average of $28.77 and a 200-day moving average of $34.94.

U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same period last year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was up 148.3% on a year-over-year basis. On average, equities analysts predict that U.S. Silica Holdings, Inc. will post $1.54 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a $0.063 dividend. The ex-dividend date was Thursday, September 14th. 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 0.78%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 192.31%.

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About U.S. Silica Holdings

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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Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

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