Brenham Capital Management buys $119,314,000 stake in U.S. Silica Holdings Inc (SLCA)

U.S. Silica Holdings Inc (SLCA) : Brenham Capital Management scooped up 600,000 additional shares in U.S. Silica Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,600,000 shares of U.S. Silica Holdings Inc which is valued at $119,314,000.U.S. Silica Holdings Inc makes up approximately 14.89% of Brenham Capital Management’s portfolio.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd added SLCA to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $128,492. U.S. Silica Holdings Inc makes up approx 0.07% of Point72 Asia (hong Kong) Ltd’s portfolio.Credit Agricole S A reduced its stake in SLCA by selling 1,000 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 116,020 shares of SLCA which is valued at $5,389,129. U.S. Silica Holdings Inc makes up approx 0.02% of Credit Agricole S A’s portfolio. Lmr Partners Llp added SLCA to its portfolio by purchasing 116,000 company shares during the most recent quarter which is valued at $4,926,520. U.S. Silica Holdings Inc makes up approx 0.54% of Lmr Partners Llp’s portfolio.Tocqueville Asset Management boosted its stake in SLCA in the latest quarter, The investment management firm added 8,650 additional shares and now holds a total of 20,000 shares of U.S. Silica Holdings Inc which is valued at $898,400. U.S. Silica Holdings Inc makes up approx 0.01% of Tocqueville Asset Management’s portfolio.

U.S. Silica Holdings Inc closed down -0.03 points or -0.07% at $45 with 20,70,292 shares getting traded on Monday. Post opening the session at $45.03, the shares hit an intraday low of $44.6901 and an intraday high of $45.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, U.S. Silica Holdings Inc reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.17. The company had revenue of $137.70 million for the quarter, compared to analysts expectations of $140.17 million. The company’s revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

Investors should note that on Nov 7, 2016, U.S. Silica Holdings Inc announced a cash dividend of $0.0625. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 5, 2017.

Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. Company shares were Reiterated by Cowen on Oct 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 52 from a previous price target of $42 .Company shares were Reiterated by RBC Capital Mkts on Sep 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $44 .

U.S. Silica Holdings Inc. (U.S. Silica) is a domestic producer of commercial silica a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment the Company serves the oil and gas recovery market providing fracturing sand or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

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