California State Teachers Retirement System lessened its stake in U.S. Silica Holdings Inc (NYSE:SLCA) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128,807 shares of the mining company’s stock after selling 1,989 shares during the quarter. California State Teachers Retirement System owned 0.16% of U.S. Silica worth $4,194,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SLCA. Raymond James Financial Services Advisors Inc. acquired a new position in shares of U.S. Silica in the 3rd quarter valued at about $283,000. Rhumbline Advisers lifted its holdings in shares of U.S. Silica by 6.8% in the 3rd quarter. Rhumbline Advisers now owns 171,638 shares of the mining company’s stock valued at $5,333,000 after buying an additional 10,986 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of U.S. Silica by 15.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,542 shares of the mining company’s stock valued at $918,000 after buying an additional 3,877 shares during the period. SG Americas Securities LLC lifted its holdings in shares of U.S. Silica by 89.3% in the 3rd quarter. SG Americas Securities LLC now owns 29,156 shares of the mining company’s stock valued at $906,000 after buying an additional 13,755 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of U.S. Silica by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 494,595 shares of the mining company’s stock valued at $15,369,000 after buying an additional 1,944 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.
Shares of U.S. Silica stock opened at $25.52 on Monday. U.S. Silica Holdings Inc has a 12 month low of $24.15 and a 12 month high of $50.39. The company has a market cap of $2,055.38, a price-to-earnings ratio of 17.01 and a beta of 2.28. The company has a quick ratio of 2.86, a current ratio of 3.29 and a debt-to-equity ratio of 0.38.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.98%. U.S. Silica’s payout ratio is currently 16.67%.
Several equities analysts have recently issued reports on SLCA shares. Credit Suisse Group reissued an “outperform” rating and issued a $36.00 price objective (down previously from $40.00) on shares of U.S. Silica in a report on Thursday, February 22nd. Royal Bank of Canada set a $44.00 price objective on U.S. Silica and gave the company a “buy” rating in a report on Thursday, December 21st. Cowen set a $45.00 price objective on U.S. Silica and gave the company a “buy” rating in a report on Thursday, January 11th. B. Riley started coverage on U.S. Silica in a report on Wednesday, December 6th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Wells Fargo reissued an “outperform” rating and issued a $31.00 price objective (down previously from $41.00) on shares of U.S. Silica in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. U.S. Silica has a consensus rating of “Buy” and a consensus target price of $43.81.
In other news, Director Diane K. Duren bought 10,000 shares of U.S. Silica stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $25.96 per share, with a total value of $259,600.00. Following the completion of the acquisition, the director now directly owns 12,168 shares of the company’s stock, valued at $315,881.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Jennings Kacal bought 20,300 shares of U.S. Silica stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $25.78 per share, with a total value of $523,334.00. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
U.S. Silica 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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