TIAA CREF Investment Management LLC lowered its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 269,362 shares of the mining company’s stock after selling 64,157 shares during the quarter. TIAA CREF Investment Management LLC owned 0.33% of U.S. Silica Holdings worth $9,560,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLCA. First Trust Advisors LP raised its position in shares of U.S. Silica Holdings by 18.0% during the 1st quarter. First Trust Advisors LP now owns 36,499 shares of the mining company’s stock valued at $1,752,000 after buying an additional 5,556 shares in the last quarter. US Bancorp DE raised its position in shares of U.S. Silica Holdings by 144.2% during the 1st quarter. US Bancorp DE now owns 5,203 shares of the mining company’s stock valued at $250,000 after buying an additional 3,072 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of U.S. Silica Holdings during the 1st quarter valued at $785,000. Parametric Portfolio Associates LLC raised its position in shares of U.S. Silica Holdings by 14.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 136,342 shares of the mining company’s stock valued at $6,543,000 after buying an additional 16,934 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of U.S. Silica Holdings by 8.9% during the 1st quarter. Mason Street Advisors LLC now owns 17,060 shares of the mining company’s stock valued at $819,000 after buying an additional 1,398 shares in the last quarter.

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A number of brokerages recently commented on SLCA. BidaskClub cut shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 target price (down previously 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. Barclays PLC reiterated an “equal weight” rating and issued a $45.00 target price on shares of U.S. Silica Holdings in a research report on Wednesday, August 2nd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $70.00 target price on shares of U.S. Silica Holdings in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. U.S. Silica Holdings has a consensus rating of “Buy” and a consensus target price of $49.92.

Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 30.63 on Friday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 175.03 and a beta of 2.32. The firm has a 50-day moving average of $28.91 and a 200-day moving average of $34.83. U.S. Silica Holdings, Inc. has a one year low of $24.26 and a one year high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 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 prior year, the firm posted ($0.17) earnings per share. The business’s revenue for the quarter was up 148.3% on a year-over-year basis. Equities research analysts forecast that U.S. Silica Holdings, Inc. will post $1.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were paid a $0.063 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.82%. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio is currently 192.31%.

U.S. Silica Holdings Company 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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