Oppenheimer Asset Management Inc. Boosts Stake in U.S. Silica Holdings, Inc. (SLCA)

Oppenheimer Asset Management Inc. grew its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 48.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,740 shares of the mining company’s stock after purchasing an additional 5,156 shares during the period. Oppenheimer Asset Management Inc.’s holdings in U.S. Silica Holdings were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Tyers Asset Management LLC boosted its position in shares of U.S. Silica Holdings by 11.0% during the 1st quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after purchasing an additional 224 shares in the last quarter. Elkfork Partners LLC boosted its position in shares of U.S. Silica Holdings by 11.0% during the 1st quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after purchasing an additional 308 shares in the last quarter. Roble Belko & Company Inc bought a new position in shares of U.S. Silica Holdings during the 1st quarter valued at about $177,000. Meadow Creek Investment Management LLC boosted its position in shares of U.S. Silica Holdings by 11.0% during the 1st quarter. Meadow Creek Investment Management LLC now owns 3,948 shares of the mining company’s stock valued at $190,000 after purchasing an additional 392 shares in the last quarter. Finally, Winch Advisory Services LLC boosted its position in shares of U.S. Silica Holdings by 109.0% during the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after purchasing an additional 2,152 shares in the last quarter.

SLCA has been the subject of several research reports. Jefferies Group LLC restated a “buy” rating and set a $65.00 price objective on shares of U.S. Silica Holdings in a research report on Thursday, July 6th. Royal Bank Of Canada set a $60.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) raised their price objective on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Janney Montgomery Scott started coverage on shares of U.S. Silica Holdings in a report on Thursday, June 15th. They issued a “buy” rating and a $51.00 target price for the company. Finally, Scotiabank set a $63.00 target price on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. U.S. Silica Holdings has an average rating of “Buy” and an average price target of $52.18.

U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 29.37 on Friday. The company’s 50-day moving average is $26.86 and its 200 day moving average is $36.90. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 167.83 and a beta of 2.32. U.S. Silica Holdings, Inc. has a 12 month low of $24.26 and a 12 month high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm had revenue of $290.50 million during the quarter, compared to the consensus estimate of $316.43 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. The business’s revenue was up 148.3% on a year-over-year basis. Equities analysts forecast that U.S. Silica Holdings, Inc. will post $1.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.86%. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio is 192.31%.

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U.S. Silica Holdings Profile

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

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