Catalyst Capital Advisors LLC decreased its holdings in U.S. Silica Holdings Inc (NYSE:SLCA) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,172 shares of the mining company’s stock after selling 11,600 shares during the quarter. Catalyst Capital Advisors LLC owned 0.16% of U.S. Silica worth $4,173,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. QS Investors LLC boosted its stake in U.S. Silica by 0.3% during the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock valued at $217,000 after buying an additional 18 shares in the last quarter. Sentry Investment Management LLC bought a new position in U.S. Silica during the second quarter valued at about $221,000. Verde Servicos Internacionais S.A. bought a new position in U.S. Silica during the third quarter valued at about $201,000. Phoenix Investment Adviser LLC bought a new position in U.S. Silica during the fourth quarter valued at about $228,000. Finally, Gabelli Funds LLC bought a new position in U.S. Silica during the fourth quarter valued at about $228,000. 99.37% of the stock is owned by institutional investors.
In other U.S. Silica news, Director Charles W. Shaver acquired 3,300 shares of U.S. Silica stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average cost of $33.99 per share, with a total value of $112,167.00. Following the purchase, the director now owns 29,829 shares in the company, valued at $1,013,887.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradford B. Casper sold 8,700 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $34.21, for a total value of $297,627.00. Following the completion of the sale, the executive vice president now directly owns 18,593 shares of the company’s stock, valued at $636,066.53. The disclosure for this sale can be found here. Over the last three months, insiders purchased 7,900 shares of company stock valued at $256,063. Company insiders own 1.00% of the company’s stock.
Shares of U.S. Silica Holdings Inc (NYSE:SLCA) opened at $29.10 on Wednesday. The stock has a market capitalization of $2,360.00, a PE ratio of 36.38 and a beta of 2.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.67 and a quick ratio of 3.26. U.S. Silica Holdings Inc has a one year low of $24.26 and a one year high of $61.49.
U.S. Silica announced that its board has authorized a share buyback program on Monday, November 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the mining company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts recently weighed in on the company. Cowen set a $45.00 price target on U.S. Silica and gave the company a “buy” rating in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating on shares of U.S. Silica in a research report on Tuesday, January 9th. Citigroup increased their price target on U.S. Silica from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Wolfe Research lowered U.S. Silica from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. Finally, R. F. Lafferty assumed coverage on U.S. Silica in a research report on Wednesday, January 17th. They issued a “buy” rating and a $52.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company’s stock. U.S. Silica presently has an average rating of “Buy” and a consensus price target of $48.76.
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About U.S. Silica
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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