U.S. Silica Holdings, Inc. (NYSE:SLCA) Stock Position Lowered by Prudential Financial Inc.

Prudential Financial Inc. lessened its position in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,970 shares of the mining company’s stock after selling 4,858 shares during the quarter. Prudential Financial Inc. owned approximately 0.11% of U.S. Silica worth $924,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SLCA. State of Alaska Department of Revenue increased its stake in U.S. Silica by 2.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 51,442 shares of the mining company’s stock valued at $594,000 after buying an additional 1,149 shares during the period. Principal Financial Group Inc. increased its stake in U.S. Silica by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 510,642 shares of the mining company’s stock valued at $6,276,000 after buying an additional 1,926 shares during the period. Captrust Financial Advisors increased its stake in U.S. Silica by 1,696.7% in the 1st quarter. Captrust Financial Advisors now owns 3,234 shares of the mining company’s stock valued at $40,000 after buying an additional 3,054 shares during the period. FMR LLC increased its stake in U.S. Silica by 624.3% in the 1st quarter. FMR LLC now owns 4,230 shares of the mining company’s stock valued at $73,000 after buying an additional 3,646 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in U.S. Silica by 6.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 62,568 shares of the mining company’s stock valued at $722,000 after buying an additional 3,918 shares during the period. Institutional investors and hedge funds own 74.12% of the company’s stock.

Shares of SLCA opened at $9.88 on Thursday. The company’s fifty day moving average is $9.68 and its 200-day moving average is $10.24. U.S. Silica Holdings, Inc. has a 12 month low of $4.28 and a 12 month high of $15.38. The firm has a market cap of $736.76 million, a price-to-earnings ratio of -67.13 and a beta of 3.27. The company has a quick ratio of 2.28, a current ratio of 2.86 and a debt-to-equity ratio of 1.90.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Thursday, October 28th. The mining company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. U.S. Silica had a negative net margin of 0.97% and a negative return on equity of 10.79%. The company had revenue of $267.30 million for the quarter, compared to analyst estimates of $271.75 million. During the same quarter in the prior year, the business posted ($0.15) EPS. U.S. Silica’s quarterly revenue was up 51.4% on a year-over-year basis. As a group, research analysts predict that U.S. Silica Holdings, Inc. will post -0.88 earnings per share for the current fiscal year.

Separately, Morgan Stanley upped their price objective on shares of U.S. Silica from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, August 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.60.

About U.S. Silica

U.S. Silica Holdings, Inc engages in the provision of commercial silica products. It operates through the following segments: Oil and Gas Proppants and Industrial and Specialty Products. The Oil and Gas Proppants segment focuses in delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells.

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

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