U.S. Silica Holdings Inc (SLCA) : Simplex Trading added new position in U.S. Silica Holdings Inc during the most recent quarter end. The investment management firm now holds 12,476 shares of U.S. Silica Holdings Inc which is valued at $602,840 , the company said in a statement filed on Oct 7, 2016 with the SEC.U.S. Silica Holdings Inc makes up approximately 0.08% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in SLCA by selling 16,970 shares or 62.95% in the most recent quarter. The Hedge Fund company now holds 9,990 shares of SLCA which is valued at $482,717. U.S. Silica Holdings Inc makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SLCA by selling 10,324 shares or 51.48% in the most recent quarter. The Hedge Fund company now holds 9,729 shares of SLCA which is valued at $457,360.
U.S. Silica Holdings Inc opened for trading at $48.28 and hit $48.62 on the upside on Friday, eventually ending the session at $48.32, with a gain of 0.46% or 0.22 points. The heightened volatility saw the trading volume jump to 11,47,976 shares. Company has a market cap of $3,072 M.
On the company’s financial health, U.S. Silica Holdings Inc reported $-0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.21. The company had revenue of $117.00 million for the quarter, compared to analysts expectations of $115.59 million. The company’s revenue was down -20.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. 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 .Barclays Initiated U.S. Silica Holdings Inc on Aug 10, 2016 to “Overweight”, Price Target of the shares are set at $50.Company shares were Reiterated by Scotia Howard Weil on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .
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.