Eaton Vance Management grew its stake in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 26.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 311,727 shares of the mining company’s stock after acquiring an additional 65,752 shares during the period. Eaton Vance Management’s holdings in U.S. Silica were worth $5,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. United Services Automobile Association increased its stake in shares of U.S. Silica by 189.6% during the 3rd quarter. United Services Automobile Association now owns 35,973 shares of the mining company’s stock valued at $677,000 after acquiring an additional 23,550 shares during the last quarter. Bridgeway Capital Management Inc. acquired a new position in shares of U.S. Silica during the 3rd quarter valued at about $2,250,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of U.S. Silica by 10.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,588,001 shares of the mining company’s stock valued at $48,732,000 after acquiring an additional 251,839 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of U.S. Silica by 7.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,916,698 shares of the mining company’s stock valued at $73,750,000 after acquiring an additional 262,198 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of U.S. Silica by 94.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 48,402 shares of the mining company’s stock valued at $911,000 after acquiring an additional 23,526 shares during the last quarter.

A number of research firms have recently commented on SLCA. Johnson Rice downgraded shares of U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 price objective for the company. in a research note on Monday, August 20th. Royal Bank of Canada downgraded shares of U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 price objective for the company. in a research note on Thursday, September 20th. Stifel Nicolaus began coverage on shares of U.S. Silica in a research note on Monday, September 10th. They set a “buy” rating and a $26.00 price objective for the company. B. Riley dropped their price objective on shares of U.S. Silica from $36.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, September 6th. Finally, Barclays dropped their price objective on shares of U.S. Silica from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.89.

In other U.S. Silica news, COO Michael L. Winkler bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average price of $13.98 per share, with a total value of $27,960.00. Following the transaction, the chief operating officer now owns 47,290 shares in the company, valued at $661,114.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J Michael Stice bought 5,414 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average cost of $18.49 per share, with a total value of $100,104.86. Following the transaction, the director now owns 32,556 shares in the company, valued at approximately $601,960.44. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 11,614 shares of company stock valued at $206,525. Corporate insiders own 1.40% of the company’s stock.

SLCA opened at $13.68 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09. U.S. Silica Holdings Inc has a 1 year low of $12.89 and a 1 year high of $38.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15.

U.S. Silica (NYSE:SLCA) last posted its earnings results on Tuesday, October 23rd. The mining company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.15). The business had revenue of $423.17 million for the quarter, compared to analyst estimates of $461.37 million. U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. On average, analysts expect that U.S. Silica Holdings Inc will post 1.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 14th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, December 13th. U.S. Silica’s dividend payout ratio (DPR) is presently 16.67%.

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About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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

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