U.S. Silica Sees Unusually High Options Volume (NYSE:SLCA)


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U.S. Silica Holdings, Inc. (NYSE:SLCA) saw some unusual options trading activity on Tuesday. Stock traders purchased 6,266 call options on the company. This is an increase of approximately 470% compared to the average volume of 1,099 call options.

Shares of NYSE SLCA traded down $1.02 during mid-day trading on Tuesday, reaching $10.07. The company had a trading volume of 71,677 shares, compared to its average volume of 1,248,838. The company has a current ratio of 2.09, a quick ratio of 1.61 and a debt-to-equity ratio of 2.00. U.S. Silica has a 52 week low of $0.79 and a 52 week high of $12.07. The business’s 50-day moving average is $9.17 and its 200-day moving average is $5.48. The stock has a market cap of $744.68 million, a price-to-earnings ratio of -1.98 and a beta of 3.22.

A number of research analysts have weighed in on SLCA shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of U.S. Silica from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $2.50 to $7.00 in a research report on Tuesday, December 15th. Smith Barney Citigroup upgraded shares of U.S. Silica from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 15th. B. Riley reiterated a “buy” rating on shares of U.S. Silica in a research report on Friday, October 30th. Zacks Investment Research upgraded shares of U.S. Silica from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Monday, December 14th. Finally, Evercore ISI upgraded shares of U.S. Silica from an “in-line” rating to an “outperform” rating in a report on Monday, January 4th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. U.S. Silica currently has a consensus rating of “Hold” and a consensus target price of $4.34.

In related news, COO Michael L. Winkler sold 6,000 shares of the company’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $6.55, for a total transaction of $39,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Derek Ussery sold 14,160 shares of the company’s stock in a transaction on Wednesday, December 23rd. The shares were sold at an average price of $7.36, for a total transaction of $104,217.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,160 shares of company stock worth $163,708. 1.90% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in U.S. Silica during the 4th quarter worth about $8,811,000. Louisiana State Employees Retirement System grew its holdings in U.S. Silica by 70.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the mining company’s stock worth $103,000 after acquiring an additional 14,160 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in U.S. Silica by 24.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 96,651 shares of the mining company’s stock worth $289,000 after acquiring an additional 18,751 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in U.S. Silica during the 4th quarter worth about $368,000. Finally, Oxinas Partners Wealth Management LLC bought a new position in U.S. Silica during the 4th quarter worth about $161,000. Institutional investors own 75.67% of the company’s stock.

U.S. Silica Company Profile

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, 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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