U.S. Silica Holdings Inc (SLCA) Short Interest Update
U.S. Silica Holdings Inc (NYSE:SLCA) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 12,313,895 shares, a growth of 48.7% from the February 15th total of 8,279,424 shares. Based on an average daily volume of 5,881,646 shares, the days-to-cover ratio is currently 2.1 days. Approximately 25.4% of the shares of the company are sold short.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised U.S. Silica from a “sell” rating to a “hold” rating in a report on Monday. B. Riley dropped their target price on U.S. Silica from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Royal Bank of Canada set a $36.00 target price on U.S. Silica and gave the stock a “buy” rating in a report on Friday, February 23rd. Morgan Stanley set a $47.00 target price on U.S. Silica and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, SunTrust Banks dropped their target price on U.S. Silica to $38.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.57.
U.S. Silica (NYSE SLCA) opened at $26.63 on Wednesday. U.S. Silica has a 52 week low of $24.26 and a 52 week high of $50.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.29 and a quick ratio of 2.86. The company has a market capitalization of $2,130.00, a PE ratio of 19.87 and a beta of 2.28.
In other news, CEO Bryan Adair Shinn bought 4,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was bought at an average price of $31.30 per share, with a total value of $125,200.00. Following the completion of the acquisition, the chief executive officer now owns 88,807 shares of the company’s stock, valued at $2,779,659.10. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bradford B. Casper sold 8,700 shares of U.S. Silica stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.21, for a total value of $297,627.00. Following the sale, the executive vice president now directly owns 18,593 shares of the company’s stock, valued at approximately $636,066.53. The disclosure for this sale can be found here. Insiders have acquired a total of 34,900 shares of company stock valued at $926,830 in the last ninety days. Insiders own 1.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its position in U.S. Silica by 15.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 24,125 shares of the mining company’s stock valued at $785,000 after acquiring an additional 3,142 shares during the last quarter. Pier Capital LLC bought a new position in U.S. Silica in the fourth quarter valued at about $3,158,000. MetLife Investment Advisors LLC bought a new position in U.S. Silica in the fourth quarter valued at about $1,249,000. Mountain Lake Investment Management LLC bought a new position in U.S. Silica in the fourth quarter valued at about $260,000. Finally, Municipal Employees Retirement System of Michigan grew its position in U.S. Silica by 17.9% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 36,040 shares of the mining company’s stock valued at $1,174,000 after acquiring an additional 5,470 shares during the last quarter. Hedge funds and other institutional investors own 99.30% of the company’s stock.
U.S. Silica 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.
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