U.S. Silica Holdings, Inc. (SLCA) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. raised its position in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 492,651 shares of the mining company’s stock after purchasing an additional 18,793 shares during the quarter. Ameriprise Financial Inc. owned about 0.61% of U.S. Silica Holdings worth $17,486,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC increased its position in shares of U.S. Silica Holdings by 109.0% during the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after purchasing an additional 2,152 shares during the period. Riverhead Capital Management LLC raised its stake in shares of U.S. Silica Holdings by 69.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after buying an additional 1,726 shares in the last quarter. Roble Belko & Company Inc bought a new stake in shares of U.S. Silica Holdings in the 1st quarter worth $177,000. Piedmont Investment Advisors LLC bought a new stake in shares of U.S. Silica Holdings in the 1st quarter worth $209,000. Finally, First Heartland Consultants Inc. bought a new stake in shares of U.S. Silica Holdings in the 2nd quarter worth $213,000.
Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 31.57 on Wednesday. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 180.40 and a beta of 2.32. U.S. Silica Holdings, Inc. has a 12-month low of $24.26 and a 12-month high of $61.49. The stock has a 50 day moving average price of $28.39 and a 200-day moving average price of $34.98.
U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $290.50 million for 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. The company’s quarterly revenue was up 148.3% on a year-over-year basis. Equities analysts anticipate that U.S. Silica Holdings, Inc. will post $1.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a dividend of $0.063 per share. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, September 14th. U.S. Silica Holdings’s payout ratio is presently 192.31%.
Several brokerages recently weighed in on SLCA. BidaskClub cut U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Citigroup Inc. lowered their target price on U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price target (down from $65.00) on shares of U.S. Silica Holdings in a research report on Wednesday, August 2nd. ValuEngine cut shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $45.00 price target on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.45.
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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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