Los Angeles Capital Management LLC boosted its stake in U.S. Silica Holdings, Inc. (NYSE:SLCA – Get Rating) by 53.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,460 shares of the mining company's stock after buying an additional 13,084 shares during the period. Los Angeles Capital Management LLC's holdings in U.S. Silica were worth $410,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Pinnacle Associates Ltd. purchased a new position in U.S. Silica during the 2nd quarter valued at about $156,000. Chilton Capital Management LLC purchased a new stake in shares of U.S. Silica in the 2nd quarter worth approximately $69,000. Texas Permanent School Fund increased its position in U.S. Silica by 3.2% during the 2nd quarter. Texas Permanent School Fund now owns 54,553 shares of the mining company's stock valued at $623,000 after buying an additional 1,686 shares in the last quarter. Fox Run Management L.L.C. bought a new position in U.S. Silica during the 2nd quarter valued at approximately $145,000. Finally, State of Alaska Department of Revenue boosted its holdings in U.S. Silica by 10.1% in the second quarter. State of Alaska Department of Revenue now owns 57,092 shares of the mining company's stock worth $651,000 after acquiring an additional 5,220 shares in the last quarter. 82.70% of the stock is owned by institutional investors.
Get U.S. Silica alerts:U.S. Silica Stock Up 0.3 %
SLCA opened at $12.04 on Friday. The firm's 50 day simple moving average is $12.23 and its two-hundred day simple moving average is $12.74. The company has a market capitalization of $911.55 million, a PE ratio of 35.41 and a beta of 2.66. U.S. Silica Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $21.54. The company has a current ratio of 2.39, a quick ratio of 1.88 and a debt-to-equity ratio of 1.63.
U.S. Silica (NYSE:SLCA – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The mining company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. U.S. Silica had a return on equity of 6.40% and a net margin of 1.97%. The business had revenue of $418.81 million during the quarter, compared to analysts' expectations of $415.17 million. As a group, equities analysts forecast that U.S. Silica Holdings, Inc. will post 1.07 EPS for the current year.Analysts Set New Price Targets
Several equities analysts have recently weighed in on SLCA shares. TheStreet raised U.S. Silica from a "d+" rating to a "c" rating in a research report on Monday, October 24th. Morgan Stanley decreased their target price on shares of U.S. Silica from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, January 4th. Finally, StockNews.com cut shares of U.S. Silica from a "buy" rating to a "hold" rating in a report on Sunday, January 15th.
Insider Activity at U.S. Silica
In other U.S. Silica news, CFO Donald A. Merril sold 35,879 shares of the firm's stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $14.44, for a total transaction of $518,092.76. Following the sale, the chief financial officer now owns 200,197 shares in the company, valued at approximately $2,890,844.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other U.S. Silica news, Director Diane K. Duren sold 16,089 shares of the firm's stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $11.43, for a total transaction of $183,897.27. Following the sale, the director now directly owns 81,273 shares of the company's stock, valued at $928,950.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Donald A. Merril sold 35,879 shares of the firm's stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $14.44, for a total value of $518,092.76. Following the sale, the chief financial officer now directly owns 200,197 shares in the company, valued at $2,890,844.68. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.
About U.S. Silica
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U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for the manufacturing of glass products.
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