US Bancorp DE boosted its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 144.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,203 shares of the mining company’s stock after buying an additional 3,072 shares during the period. US Bancorp DE’s holdings in U.S. Silica Holdings were worth $250,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in shares of U.S. Silica Holdings by 6.4% in the fourth quarter. FMR LLC now owns 3,305,400 shares of the mining company’s stock valued at $187,350,000 after buying an additional 199,200 shares in the last quarter. State Street Corp increased its stake in shares of U.S. Silica Holdings by 18.3% in the fourth quarter. State Street Corp now owns 1,839,756 shares of the mining company’s stock valued at $104,281,000 after buying an additional 285,251 shares in the last quarter. Jennison Associates LLC increased its stake in shares of U.S. Silica Holdings by 150.3% in the first quarter. Jennison Associates LLC now owns 1,110,609 shares of the mining company’s stock valued at $53,298,000 after buying an additional 666,831 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of U.S. Silica Holdings during the fourth quarter valued at $242,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of U.S. Silica Holdings by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 707,054 shares of the mining company’s stock valued at $40,076,000 after buying an additional 14,748 shares in the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.

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

U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 33.93 on Friday. The stock has a 50 day moving average of $37.72 and a 200 day moving average of $48.48. U.S. Silica Holdings, Inc. has a 52 week low of $30.62 and a 52 week high of $61.49. The firm’s market cap is $2.75 billion.

U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, April 24th. The mining company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. U.S. Silica Holdings had a negative net margin of 4.07% and a negative return on equity of 1.94%. The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $236.88 million. During the same period in the prior year, the company posted ($0.19) EPS. The company’s revenue was up 99.8% compared to the same quarter last year. Analysts anticipate that U.S. Silica Holdings, Inc. will post $1.68 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.063 per share. The ex-dividend date is Tuesday, June 13th. U.S. Silica Holdings’s payout ratio is presently -59.52%.

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A number of analysts have commented on SLCA shares. Citigroup Inc. dropped their price target on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, June 9th. Goldman Sachs Group, Inc. (The) boosted their price target on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Janney Montgomery Scott started coverage on shares of U.S. Silica Holdings in a research report on Thursday. They set a “buy” rating and a $51.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of U.S. Silica Holdings in a research report on Friday, May 26th. Finally, Zacks Investment Research downgraded shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. U.S. Silica Holdings presently has a consensus rating of “Buy” and an average price target of $55.78.

In other U.S. Silica Holdings news, SVP David D. Murry sold 610 shares of the company’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $48.05, for a total transaction of $29,310.50. Following the transaction, the senior vice president now directly owns 8,487 shares in the company, valued at approximately $407,800.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About U.S. Silica Holdings

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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