JPMorgan Chase & Co. Has $16.07 Million Holdings in U.S. Silica Holdings Inc (SLCA)

JPMorgan Chase & Co. boosted its stake in U.S. Silica Holdings Inc (NYSE:SLCA) by 24.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 853,622 shares of the mining company’s stock after purchasing an additional 167,410 shares during the quarter. JPMorgan Chase & Co.’s holdings in U.S. Silica were worth $16,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in U.S. Silica by 14.8% in the 2nd quarter. Macquarie Group Ltd. now owns 933,066 shares of the mining company’s stock worth $23,970,000 after purchasing an additional 120,296 shares during the period. Investment Counselors of Maryland LLC boosted its position in shares of U.S. Silica by 45.8% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 1,119,256 shares of the mining company’s stock valued at $21,076,000 after acquiring an additional 351,807 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of U.S. Silica by 7.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 516,202 shares of the mining company’s stock valued at $13,262,000 after acquiring an additional 35,120 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of U.S. Silica during the 2nd quarter valued at about $8,275,000. Finally, Private Advisor Group LLC bought a new stake in shares of U.S. Silica during the 2nd quarter valued at about $200,000.

A number of brokerages have recently issued reports on SLCA. R. F. Lafferty dropped their price target on U.S. Silica from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, August 27th. Johnson Rice downgraded U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 price target for the company. in a research report on Monday, August 20th. Zacks Investment Research downgraded U.S. Silica from a “hold” rating to a “strong sell” rating in a research report on Monday, August 20th. Credit Suisse Group set a $29.00 price target on U.S. Silica and gave the company a “buy” rating in a research report on Tuesday, August 28th. Finally, Wells Fargo & Co began coverage on U.S. Silica in a research report on Saturday, September 15th. They set a “buy” rating and a $24.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.89.

Shares of NYSE SLCA opened at $13.68 on Friday. The stock has a market cap of $1.07 billion, a P/E ratio of 9.12, a PEG ratio of 0.62 and a beta of 2.09. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.75. U.S. Silica Holdings Inc has a 1-year low of $12.89 and a 1-year high of $38.70.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, October 23rd. The mining company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.15). The firm had revenue of $423.17 million for the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, equities analysts expect that U.S. Silica Holdings Inc will post 1.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 14th will be issued a dividend of $0.0625 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.83%. U.S. Silica’s dividend payout ratio is 16.67%.

In other news, CEO Bryan Adair Shinn acquired 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average cost of $18.45 per share, with a total value of $40,590.00. Following the acquisition, the chief executive officer now owns 126,243 shares in the company, valued at approximately $2,329,183.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Michael Stice acquired 5,414 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were purchased at an average cost of $18.49 per share, for a total transaction of $100,104.86. Following the completion of the acquisition, the director now owns 32,556 shares in the company, valued at approximately $601,960.44. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 11,614 shares of company stock worth $206,525. 1.40% of the stock is currently owned by insiders.

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U.S. Silica 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.

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

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