Pinebridge Investments L.P. reduced its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 74.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,611 shares of the mining company’s stock after selling 28,341 shares during the period. Pinebridge Investments L.P.’s holdings in U.S. Silica Holdings were worth $341,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of U.S. Silica Holdings by 3.0% in the second quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock worth $331,854,000 after buying an additional 274,356 shares during the last quarter. Vanguard Group Inc. grew its holdings in U.S. Silica Holdings by 5.9% during the first quarter. Vanguard Group Inc. now owns 7,077,375 shares of the mining company’s stock worth $339,643,000 after acquiring an additional 397,273 shares during the period. State Street Corp grew its holdings in U.S. Silica Holdings by 6.9% during the first quarter. State Street Corp now owns 1,966,345 shares of the mining company’s stock worth $94,369,000 after acquiring an additional 126,589 shares during the period. Van Berkom & Associates Inc. grew its holdings in U.S. Silica Holdings by 111.1% during the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock worth $63,069,000 after acquiring an additional 935,430 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in U.S. Silica Holdings by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 1,320,366 shares of the mining company’s stock worth $46,860,000 after acquiring an additional 94,769 shares during the period.

U.S. Silica Holdings, Inc. (SLCA) opened at 30.75 on Tuesday. The stock has a 50 day moving average price of $28.20 and a 200 day moving average price of $35.09. The stock has a market cap of $2.50 billion, a P/E ratio of 175.71 and a beta of 2.32. U.S. Silica Holdings, Inc. has a 52-week low of $24.26 and a 52-week high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results 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 company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $316.43 million. During the same period last year, the firm earned ($0.17) EPS. The company’s revenue for the quarter was up 148.3% on a year-over-year basis. On average, equities research analysts forecast that U.S. Silica Holdings, Inc. will post $1.55 EPS for the current year.

The company also recently declared 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 of this dividend is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost 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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Several research firms have commented on SLCA. Jefferies Group LLC set a $40.00 price objective on U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub raised shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine lowered shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Citigroup Inc. cut their target price on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a report on Friday, June 9th. Finally, Credit Suisse Group set a $41.00 target price on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. U.S. Silica Holdings currently has a consensus rating of “Buy” and an average target price of $50.45.

U.S. Silica Holdings Profile

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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