Public Employees Retirement System of Ohio cut its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,362 shares of the mining company’s stock after selling 48 shares during the period. Public Employees Retirement System of Ohio’s holdings in U.S. Silica Holdings were worth $1,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. QS Investors LLC grew its position in U.S. Silica Holdings by 0.3% during the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock valued at $217,000 after purchasing an additional 18 shares in the last quarter. Somerset Trust Co grew its position in U.S. Silica Holdings by 0.7% during the second quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock valued at $231,000 after purchasing an additional 43 shares in the last quarter. Covenant Asset Management LLC grew its position in U.S. Silica Holdings by 0.5% during the second quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock valued at $718,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund grew its position in U.S. Silica Holdings by 0.8% during the second quarter. Texas Permanent School Fund now owns 53,265 shares of the mining company’s stock valued at $1,890,000 after purchasing an additional 445 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in U.S. Silica Holdings by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 7,172 shares of the mining company’s stock valued at $255,000 after purchasing an additional 843 shares in the last quarter.

A number of brokerages recently commented on SLCA. BidaskClub raised shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 target price on shares of U.S. Silica Holdings in a research note on Thursday, October 19th. KeyCorp reiterated an “overweight” rating and issued a $40.00 target price on shares of U.S. Silica Holdings in a research note on Wednesday, October 4th. Cowen and Company reduced their target price on shares of U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of U.S. Silica Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $48.66.

Shares of U.S. Silica Holdings, Inc. (SLCA) opened at $34.55 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.35 and a quick ratio of 4.88. U.S. Silica Holdings, Inc. has a one year low of $24.26 and a one year high of $61.49. The firm has a market cap of $2,559.84, a price-to-earnings ratio of 34.64 and a beta of 2.29.

U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. U.S. Silica Holdings had a net margin of 6.24% and a return on equity of 5.81%. The business had revenue of $345.00 million for the quarter, compared to analyst estimates of $328.91 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. U.S. Silica Holdings’s revenue was up 150.5% compared to the same quarter last year. research analysts anticipate that U.S. Silica Holdings, Inc. will post 1.5 EPS for the current fiscal year.

U.S. Silica Holdings declared that its Board of Directors has initiated a share buyback program on Monday, November 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the mining company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, December 14th. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 31.25%.

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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.

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

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