Piedmont Investment Advisors LLC Has $560,000 Stake in U.S. Silica Holdings, Inc. (NYSE:SLCA)

Piedmont Investment Advisors LLC grew its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 261.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,774 shares of the mining company’s stock after purchasing an additional 11,411 shares during the period. Piedmont Investment Advisors LLC’s holdings in U.S. Silica Holdings were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in U.S. Silica Holdings by 3.0% during the second quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock worth $331,854,000 after acquiring an additional 274,356 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of U.S. Silica Holdings by 1.6% during the second quarter. Vanguard Group Inc. now owns 7,191,404 shares of the mining company’s stock worth $255,223,000 after purchasing an additional 114,029 shares during the last quarter. State Street Corp grew its holdings in shares of U.S. Silica Holdings by 35.4% during the second quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock worth $94,554,000 after purchasing an additional 696,893 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of U.S. Silica Holdings by 111.1% during the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock worth $63,069,000 after purchasing an additional 935,430 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of U.S. Silica Holdings by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 1,320,366 shares of the mining company’s stock worth $46,860,000 after purchasing an additional 94,769 shares during the last quarter.

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SLCA has been the topic of several recent research reports. BidaskClub upgraded U.S. Silica Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Royal Bank Of Canada set a $60.00 price target on U.S. Silica Holdings and gave the company a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and set a $65.00 target price on shares of U.S. Silica Holdings in a report on Thursday, July 6th. Zacks Investment Research lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $42.00 price target (down previously from $65.00) on shares of U.S. Silica Holdings in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.03.

Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) traded up 2.41% during midday trading on Friday, hitting $28.87. The company had a trading volume of 1,434,291 shares. The company has a market capitalization of $2.34 billion, a P/E ratio of 164.97 and a beta of 2.32. The firm’s 50 day moving average is $29.67 and its 200 day moving average is $33.07. U.S. Silica Holdings, Inc. has a 52 week low of $24.26 and a 52 week high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business’s revenue for the quarter was up 148.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) EPS. Equities research analysts anticipate that U.S. Silica Holdings, Inc. will post $1.53 EPS for the current year.

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.

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

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