Rice Hall James & Associates LLC Buys New Holdings in U.S. Silica Holdings, Inc. (SLCA)

Rice Hall James & Associates LLC bought a new position in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 523,950 shares of the mining company’s stock, valued at approximately $16,279,000. Rice Hall James & Associates LLC owned approximately 0.65% of U.S. Silica Holdings as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. QS Investors LLC grew its holdings in shares of U.S. Silica Holdings by 0.3% during the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after buying an additional 18 shares in the last quarter. Somerset Trust Co grew its holdings in shares of U.S. Silica Holdings by 0.7% during the second quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock worth $231,000 after buying an additional 43 shares in the last quarter. Covenant Asset Management LLC grew its holdings in shares of U.S. Silica Holdings by 0.5% during the second quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock worth $718,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of U.S. Silica Holdings by 0.8% during the second quarter. Texas Permanent School Fund now owns 53,265 shares of the mining company’s stock worth $1,890,000 after buying an additional 445 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of U.S. Silica Holdings by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 7,172 shares of the mining company’s stock worth $255,000 after buying an additional 843 shares in the last quarter.

WARNING: This report was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/11/02/rice-hall-james-associates-llc-buys-new-holdings-in-u-s-silica-holdings-inc-slca.html.

U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm’s revenue was up 148.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS.

A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective on shares of U.S. Silica Holdings in a report on Thursday, July 6th. Zacks Investment Research lowered shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Credit Suisse Group reissued an “outperform” rating and issued a $42.00 price objective (down previously from $65.00) on shares of U.S. Silica Holdings in a report on Thursday, July 20th. Finally, Cowen and Company dropped their price objective on shares of U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.03.

About U.S. Silica Holdings

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)

What are top analysts saying about U.S. Silica Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for U.S. Silica Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit