AQR Capital Management LLC boosted its position in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 93.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,195 shares of the mining company’s stock after buying an additional 48,802 shares during the period. AQR Capital Management LLC’s holdings in U.S. Silica Holdings were worth $5,736,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new stake in U.S. Silica Holdings during the fourth quarter worth about $113,000. Tyers Asset Management LLC purchased a new stake in U.S. Silica Holdings during the fourth quarter worth about $115,000. Bank of Montreal Can raised its stake in U.S. Silica Holdings by 23.6% in the third quarter. Bank of Montreal Can now owns 3,305 shares of the mining company’s stock worth $154,000 after buying an additional 631 shares in the last quarter. Elkfork Partners LLC purchased a new stake in U.S. Silica Holdings during the fourth quarter worth about $158,000. Finally, Davidson & Garrard Inc. purchased a new stake in U.S. Silica Holdings during the third quarter worth about $204,000. Institutional investors and hedge funds own 83.50% of the company’s stock.
Shares of U.S. Silica Holdings Inc (NYSE:SLCA) opened at 46.52 on Monday. The firm has a 50-day moving average of $53.86 and a 200 day moving average of $50.36. U.S. Silica Holdings Inc has a 52-week low of $20.24 and a 52-week high of $61.49. The company’s market capitalization is $3.77 billion.
U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Wednesday, February 22nd. The mining company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. U.S. Silica Holdings had a negative return on equity of 7.51% and a negative net margin of 9.61%. The firm earned $182.40 million during the quarter, compared to analysts’ expectations of $176.42 million. During the same quarter in the previous year, the business earned ($0.26) earnings per share. The company’s revenue was up 34.0% on a year-over-year basis. On average, analysts anticipate that U.S. Silica Holdings Inc will post $1.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 13th. U.S. Silica Holdings’s dividend payout ratio is currently -29.41%.
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A number of research firms have recently issued reports on SLCA. Jefferies Group LLC set a $72.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a report on Saturday, February 25th. Zacks Investment Research raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, December 15th. Scotiabank raised shares of U.S. Silica Holdings from a “sector perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Friday, February 24th. Cowen and Company boosted their price objective on shares of U.S. Silica Holdings from $52.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 2nd. Finally, Guggenheim reaffirmed a “buy” rating on shares of U.S. Silica Holdings in a research report on Wednesday, December 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $54.24.
In related news, SVP David D. Murry sold 5,971 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $60.00, for a total transaction of $358,260.00. Following the completion of the sale, the senior vice president now owns 14,458 shares in the company, valued at $867,480. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.
About U.S. Silica Holdings
U.S. Silica Holdings, Inc (U.S. Silica) 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, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.
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