Airain ltd bought a new stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 41,159 shares of the mining company’s stock, valued at approximately $1,461,000. Airain ltd owned 0.05% of U.S. Silica Holdings at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Royce & Associates LP raised its stake in U.S. Silica Holdings by 26.6% in the second quarter. Royce & Associates LP now owns 91,856 shares of the mining company’s stock valued at $3,260,000 after buying an additional 19,300 shares during the period. Winch Advisory Services LLC raised its stake in U.S. Silica Holdings by 109.0% in the second quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after buying an additional 2,152 shares during the period. Victory Capital Management Inc. raised its stake in U.S. Silica Holdings by 178.7% in the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock valued at $34,101,000 after buying an additional 616,051 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in U.S. Silica Holdings by 42.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 76,300 shares of the mining company’s stock valued at $2,706,000 after buying an additional 22,900 shares during the period. Finally, Redwood Investments LLC raised its stake in U.S. Silica Holdings by 11.4% in the second quarter. Redwood Investments LLC now owns 236,017 shares of the mining company’s stock valued at $8,376,000 after buying an additional 24,068 shares during the period.

Shares of U.S. Silica Holdings, Inc. (NYSE SLCA) opened at 27.21 on Friday. The firm has a 50-day moving average price of $27.77 and a 200-day moving average price of $38.73. U.S. Silica Holdings, Inc. has a 52 week low of $24.26 and a 52 week high of $61.49. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 155.49 and a beta of 2.33.

U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $290.50 million for the quarter, compared to the consensus estimate of $316.43 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. U.S. Silica Holdings’s revenue for the quarter was up 148.3% compared to the same quarter last year. On average, equities analysts expect that U.S. Silica Holdings, Inc. will post $1.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.063 per share. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.93%. U.S. Silica Holdings’s payout ratio is currently 192.31%.

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Several analysts have weighed in on the company. Jefferies Group LLC set a $40.00 target price on U.S. Silica Holdings and gave the company a “buy” rating in a report on Monday. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group set a $41.00 target price on U.S. Silica Holdings and gave the company a “buy” rating in a report on Thursday, August 3rd. Barclays PLC reissued an “equal weight” rating and issued a $45.00 target price on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. Finally, Cowen and Company lowered their target price on U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target 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.

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

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