Royal Bank of Canada increased its position in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 17.0% during the 1st quarter, HoldingsChannel reports. The fund owned 99,414 shares of the mining company’s stock after purchasing an additional 14,476 shares during the period. Royal Bank of Canada’s holdings in U.S. Silica were worth $2,537,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd bought a new position in U.S. Silica in the 1st quarter valued at approximately $138,000. PNC Financial Services Group Inc. lifted its stake in U.S. Silica by 288.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the mining company’s stock valued at $213,000 after purchasing an additional 6,191 shares during the last quarter. Affinity Investment Advisors LLC bought a new position in U.S. Silica in the 1st quarter valued at approximately $222,000. Lee Financial Co lifted its stake in U.S. Silica by 36.2% in the 1st quarter. Lee Financial Co now owns 9,400 shares of the mining company’s stock valued at $240,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Usca Ria LLC bought a new position in U.S. Silica in the 1st quarter valued at approximately $255,000. Institutional investors and hedge funds own 99.21% of the company’s stock.
Several equities analysts recently commented on the stock. Piper Jaffray Companies set a $31.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Thursday, April 5th. Cowen set a $39.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Friday, April 13th. Stephens assumed coverage on shares of U.S. Silica in a research note on Thursday, April 12th. They issued an “equal weight” rating and a $30.00 price objective for the company. ValuEngine downgraded shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Finally, B. Riley dropped their price objective on shares of U.S. Silica from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.71.
U.S. Silica opened at $24.51 on Monday, MarketBeat reports. The firm has a market cap of $1.91 billion, a PE ratio of 16.34 and a beta of 2.30. U.S. Silica Holdings Inc has a 52-week low of $23.75 and a 52-week high of $38.70. The company has a quick ratio of 2.80, a current ratio of 3.16 and a debt-to-equity ratio of 0.43.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, April 24th. The mining company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The firm had revenue of $369.30 million during the quarter, compared to the consensus estimate of $367.97 million. U.S. Silica had a net margin of 12.74% and a return on equity of 11.86%. The company’s revenue for the quarter was up 50.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. research analysts predict that U.S. Silica Holdings Inc will post 2.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 13th. U.S. Silica’s payout ratio is currently 16.67%.
U.S. Silica Company Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
Further Reading: Earnings Per Share (EPS)
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