Cornerstone Wealth Management LLC acquired a new position in U.S. Silica Holdings Inc (NYSE:SLCA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,878 shares of the mining company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of U.S. Silica by 17.0% during the first quarter. Royal Bank of Canada now owns 99,414 shares of the mining company’s stock valued at $2,537,000 after purchasing an additional 14,476 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of U.S. Silica by 3.9% during the first quarter. Prudential Financial Inc. now owns 149,310 shares of the mining company’s stock valued at $3,810,000 after purchasing an additional 5,600 shares during the last quarter. Comerica Bank lifted its holdings in shares of U.S. Silica by 12.3% during the first quarter. Comerica Bank now owns 99,334 shares of the mining company’s stock valued at $2,785,000 after purchasing an additional 10,858 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of U.S. Silica by 0.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 481,082 shares of the mining company’s stock valued at $12,278,000 after purchasing an additional 3,712 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its holdings in shares of U.S. Silica by 6.4% during the first quarter. United Capital Financial Advisers LLC now owns 215,007 shares of the mining company’s stock valued at $5,487,000 after purchasing an additional 13,011 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

Shares of SLCA opened at $25.06 on Tuesday. The company has a market cap of $2.00 billion, a P/E ratio of 16.86 and a beta of 2.23. The company has a quick ratio of 2.27, a current ratio of 2.88 and a debt-to-equity ratio of 0.99. U.S. Silica Holdings Inc has a twelve month low of $23.11 and a twelve month high of $38.70.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.03). The firm had revenue of $427.40 million for the quarter, compared to the consensus estimate of $455.35 million. U.S. Silica had a net margin of 10.79% and a return on equity of 13.14%. U.S. Silica’s revenue was up 47.1% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. sell-side analysts anticipate that U.S. Silica Holdings Inc will post 2.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Friday, September 14th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, September 13th. U.S. Silica’s dividend payout ratio (DPR) is currently 16.67%.

Several equities analysts have recently issued reports on the stock. Credit Suisse Group lifted their target price on shares of U.S. Silica from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Jefferies Financial Group set a $37.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a report on Wednesday, August 1st. Morgan Stanley lowered shares of U.S. Silica from an “overweight” rating to an “equal weight” rating and set a $43.00 target price for the company. in a report on Thursday, July 12th. B. Riley lowered their target price on shares of U.S. Silica from $38.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 26th. Finally, KeyCorp lowered their target price on shares of U.S. Silica from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. U.S. Silica presently has a consensus rating of “Hold” and a consensus target price of $39.18.

About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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

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