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.
ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Has $16.07 Million Holdings in U.S. Silica Holdings Inc (SLCA)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/12/07/jpmorgan-chase-co-has-16-07-million-holdings-in-u-s-silica-holdings-inc-slca.html.
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.
Featured Story: What are Closed-End Mutual Funds?
Want to see what other hedge funds are holding SLCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Silica Holdings Inc (NYSE:SLCA).
Receive News & Ratings for U.S. Silica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica and related companies with MarketBeat.com's FREE daily email newsletter.