U.S. Silica Holdings Inc (NYSE:SLCA) CEO Bryan Adair Shinn bought 100,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was acquired at an average price of $1.03 per share, with a total value of $103,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of SLCA stock opened at $1.46 on Thursday. The stock has a 50-day moving average price of $3.89 and a 200 day moving average price of $5.96. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 1.86. The firm has a market cap of $84.81 million, a price-to-earnings ratio of -0.33 and a beta of 2.44. U.S. Silica Holdings Inc has a 12 month low of $0.79 and a 12 month high of $18.72.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, February 25th. The mining company reported ($0.53) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.03. The firm had revenue of $339.06 million during the quarter, compared to analyst estimates of $294.72 million. U.S. Silica had a negative return on equity of 4.98% and a negative net margin of 22.32%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. Sell-side analysts predict that U.S. Silica Holdings Inc will post -1.69 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in U.S. Silica by 624.3% during the first quarter. FMR LLC now owns 4,230 shares of the mining company’s stock worth $73,000 after buying an additional 3,646 shares during the last quarter. Sciencast Management LP bought a new position in U.S. Silica during the fourth quarter worth about $63,000. ProShare Advisors LLC boosted its holdings in U.S. Silica by 17.1% during the fourth quarter. ProShare Advisors LLC now owns 11,961 shares of the mining company’s stock worth $74,000 after buying an additional 1,748 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in U.S. Silica during the fourth quarter worth about $68,000. Finally, Alpine Global Management LLC bought a new position in U.S. Silica during the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.
A number of analysts have recently weighed in on SLCA shares. Zacks Investment Research lowered U.S. Silica from a “hold” rating to a “strong sell” rating and set a $5.75 target price for the company. in a research note on Monday, December 9th. Stephens lowered U.S. Silica to a “sell” rating in a research note on Friday, March 20th. ValuEngine lowered U.S. Silica from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Tudor Pickering lowered U.S. Silica from a “buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Barclays upgraded U.S. Silica from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $4.00 to $2.00 in a research note on Thursday, March 19th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.80.
About U.S. Silica
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, 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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