Pictet & Cie Europe SA boosted its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 348.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,975 shares of the mining company’s stock after buying an additional 38,059 shares during the period. Pictet & Cie Europe SA owned 0.06% of U.S. Silica Holdings worth $1,738,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in SLCA. Creative Planning increased its stake 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 worth $160,000 after buying an additional 156 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of U.S. Silica Holdings by 11.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,794 shares of the mining company’s stock worth $230,000 after buying an additional 476 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of U.S. Silica Holdings by 12.8% in the first quarter. Canada Pension Plan Investment Board now owns 144,700 shares of the mining company’s stock worth $6,944,000 after buying an additional 16,400 shares in the last quarter. 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 worth $53,298,000 after buying an additional 666,831 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of U.S. Silica Holdings by 141.2% in the first quarter. Great West Life Assurance Co. Can now owns 228,861 shares of the mining company’s stock worth $11,004,000 after buying an additional 133,977 shares in the last quarter.

U.S. Silica Holdings, Inc. (NYSE:SLCA) traded up 0.62% during trading on Friday, hitting $27.38. 1,266,531 shares of the company were exchanged. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 156.46 and a beta of 2.33. U.S. Silica Holdings, Inc. has a 12 month low of $24.26 and a 12 month high of $61.49. The stock’s 50-day moving average is $27.61 and its 200-day moving average is $38.52.

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 Zacks’ 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 during the quarter, compared to analyst estimates of $316.43 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. U.S. Silica Holdings’s quarterly revenue was up 148.3% on a year-over-year basis. Equities research analysts anticipate that U.S. Silica Holdings, Inc. will post $1.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be issued a $0.063 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.92%. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio is currently 192.31%.

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A number of analysts have issued reports on SLCA shares. Zacks Investment Research downgraded shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Evercore ISI started coverage on shares of U.S. Silica Holdings in a report on Thursday, May 25th. They issued an “outperform” rating and a $48.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price target on shares of U.S. Silica Holdings in a report on Friday, May 26th. Goldman Sachs Group, Inc. (The) lifted their price target on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Finally, Wolfe Research downgraded shares of U.S. Silica Holdings from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $47.00 to $38.00 in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $52.18.

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.

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

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