U.S. Silica Holdings Inc (SLCA) : Viking Fund Management scooped up 70,000 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 Jul 21, 2016. The investment management firm now holds a total of 740,000 shares of U.S. Silica Holdings Inc which is valued at $27,010,000.U.S. Silica Holdings Inc makes up approximately 4.67% of Viking Fund Management’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in SLCA in the latest quarter, The investment management firm added 469 additional shares and now holds a total of 2,265 shares of U.S. Silica Holdings Inc which is valued at $82,673. U.S. Silica Holdings Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio. First National Bank Of Omaha added SLCA to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $274,050. U.S. Silica Holdings Inc makes up approx 0.02% of First National Bank Of Omaha’s portfolio.Kessler Investment Group reduced its stake in SLCA by selling 1,027 shares or 17.27% in the most recent quarter. The Hedge Fund company now holds 4,920 shares of SLCA which is valued at $179,777. U.S. Silica Holdings Inc makes up approx 0.25% of Kessler Investment Group’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in SLCA in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 38 shares of U.S. Silica Holdings Inc which is valued at $1,314.Cutler Group Lp reduced its stake in SLCA by selling 722 shares or 37.14% in the most recent quarter. The Hedge Fund company now holds 1,222 shares of SLCA which is valued at $42,257.
U.S. Silica Holdings Inc opened for trading at $34.2 and hit $34.81 on the upside on Thursday, eventually ending the session at $34.4, with a gain of 0.85% or 0.29 points. The heightened volatility saw the trading volume jump to 13,01,346 shares. Company has a market cap of $2,184 M.
On the company’s financial health, U.S. Silica Holdings Inc reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.26. The company had revenue of $122.50 million for the quarter, compared to analysts expectations of $123.66 million. The company’s revenue was down -40.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. 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 .Company shares were Upgraded by Jefferies on Jul 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $25 .
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.