Exane Asset Management decreased its stake in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 49.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,300 shares of the mining company’s stock after selling 13,191 shares during the period. Exane Asset Management’s holdings in U.S. Silica Holdings were worth $472,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in SLCA. Aperio Group LLC boosted its stake in U.S. Silica Holdings by 63.3% in the second quarter. Aperio Group LLC now owns 26,707 shares of the mining company’s stock valued at $948,000 after buying an additional 10,349 shares during the period. CWM LLC purchased a new stake in U.S. Silica Holdings during the second quarter valued at about $2,969,000. Vaughan Nelson Investment Management L.P. purchased a new stake in U.S. Silica Holdings during the second quarter valued at about $22,977,000. Winslow Evans & Crocker Inc. boosted its stake in U.S. Silica Holdings by 1,625.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 11,730 shares of the mining company’s stock valued at $416,000 after buying an additional 11,050 shares during the period. Finally, Somerset Trust Co boosted its stake in U.S. Silica Holdings by 0.7% in the second quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock valued at $231,000 after buying an additional 43 shares during the period.
Shares of U.S. Silica Holdings, Inc. (NYSE SLCA) traded down 0.08% on Friday, hitting $25.44. 1,505,022 shares of the stock were exchanged. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 145.37 and a beta of 2.33. U.S. Silica Holdings, Inc. has a one year low of $24.99 and a one year high of $61.49. The firm’s 50 day moving average price is $30.78 and its 200 day moving average price is $41.93.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings data 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. The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $316.43 million. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. U.S. Silica Holdings’s quarterly revenue was up 148.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.17) EPS. Equities analysts anticipate that U.S. Silica Holdings, Inc. will post $1.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.063 per share. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.99%. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently 192.31%.
TRADEMARK VIOLATION WARNING: “Exane Asset Management Sells 13,191 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)” was published by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/14/u-s-silica-holdings-inc-nyseslca-stake-cut-by-exane-asset-management-updated-updated-updated.html.
Several research firms have recently issued reports on SLCA. BidaskClub cut shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Friday. Credit Suisse Group set a $41.00 price objective on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued 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. Barclays PLC reissued an “equal weight” rating and issued a $45.00 price target on shares of U.S. Silica Holdings in a research report on Wednesday, August 2nd. Finally, Cowen and Company reduced their price target on shares of U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.01.
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.
Receive News & Ratings for U.S. Silica Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.