U.S. Silica Holdings, Inc. (NYSE:SLCA) Director Charles W. Shaver Sells 25,829 Shares of Stock

U.S. Silica Holdings, Inc. (NYSE:SLCAGet Rating) Director Charles W. Shaver sold 25,829 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $14.06, for a total transaction of $363,155.74. Following the completion of the sale, the director now owns 182,679 shares of the company’s stock, valued at $2,568,466.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

U.S. Silica Stock Performance

NYSE:SLCA opened at $14.31 on Friday. U.S. Silica Holdings, Inc. has a 12-month low of $7.22 and a 12-month high of $21.54. The company has a quick ratio of 2.22, a current ratio of 2.76 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $1.08 billion, a PE ratio of -42.09 and a beta of 2.81. The firm has a 50-day moving average price of $12.87 and a 200 day moving average price of $14.48.

U.S. Silica (NYSE:SLCAGet Rating) last posted its quarterly earnings results on Friday, July 29th. The mining company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.13. U.S. Silica had a negative net margin of 1.97% and a negative return on equity of 1.50%. The firm had revenue of $388.50 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the prior year, the business posted ($0.12) earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. Research analysts anticipate that U.S. Silica Holdings, Inc. will post 1.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SLCA has been the subject of a number of research analyst reports. StockNews.com raised shares of U.S. Silica from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Morgan Stanley boosted their target price on shares of U.S. Silica from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 1st. TheStreet lowered shares of U.S. Silica from a “c” rating to a “d+” rating in a research report on Friday, July 29th. Stifel Nicolaus upped their price objective on shares of U.S. Silica from $16.00 to $20.00 in a research report on Friday, April 8th. Finally, Barclays upped their price objective on shares of U.S. Silica from $12.00 to $17.00 in a research report on Monday, May 2nd.

Institutional Trading of U.S. Silica

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in U.S. Silica in the fourth quarter valued at approximately $344,000. Yousif Capital Management LLC acquired a new position in U.S. Silica in the fourth quarter valued at approximately $642,000. Assenagon Asset Management S.A. acquired a new stake in U.S. Silica in the fourth quarter worth $6,443,000. Virginia Retirement Systems ET AL raised its holdings in U.S. Silica by 17.7% in the fourth quarter. Virginia Retirement Systems ET AL now owns 14,600 shares of the mining company’s stock worth $137,000 after purchasing an additional 2,200 shares during the period. Finally, American Century Companies Inc. raised its holdings in U.S. Silica by 90.9% in the fourth quarter. American Century Companies Inc. now owns 313,137 shares of the mining company’s stock worth $2,943,000 after purchasing an additional 149,125 shares during the period. 75.05% of the stock is owned by institutional investors.

About U.S. Silica

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U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. The company 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 the manufacturing of glass products.

Further Reading

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