U.S. Silica Holdings Inc (SLCA) : Stanley Capital Management has sold out all of its stake in U.S. Silica Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 43,606 shares of U.S. Silica Holdings Inc which is valued at $1,612,986.
Other Hedge Funds, Including , Welch Forbes reduced its stake in SLCA by selling 10,500 shares or 11.61% in the most recent quarter. The Hedge Fund company now holds 79,925 shares of SLCA which is valued at $2,956,426. U.S. Silica Holdings Inc makes up approx 0.09% of Welch Forbes’s portfolio.California State Teachers Retirement System reduced its stake in SLCA by selling 311 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 134,468 shares of SLCA which is valued at $4,973,971. U.S. Silica Holdings Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Deprince Race Zollo Inc reduced its stake in SLCA by selling 1,800,615 shares or 99.28% in the most recent quarter. The Hedge Fund company now holds 13,000 shares of SLCA which is valued at $443,430. U.S. Silica Holdings Inc makes up approx 0.01% of Deprince Race Zollo Inc’s portfolio.Louisiana State Employees Retirement System boosted its stake in SLCA in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 28,100 shares of U.S. Silica Holdings Inc which is valued at $958,491. U.S. Silica Holdings Inc makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.
U.S. Silica Holdings Inc closed down -0.15 points or -0.38% at $38.94 with 22,56,982 shares getting traded on Monday. Post opening the session at $39.39, the shares hit an intraday low of $38.865 and an intraday high of $39.99 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 $-0.17 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.
Investors should note that on Jul 25, 2016, U.S. Silica Holdings Inc announced a cash dividend of $0.0625. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 4, 2016.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. 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 .Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $29 .Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .
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.