Teacher Retirement System of Texas trimmed its position in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 92.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,070 shares of the mining company’s stock after selling 316,119 shares during the period. Teacher Retirement System of Texas’ holdings in U.S. Silica were worth $881,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in SLCA. Boothbay Fund Management LLC bought a new position in shares of U.S. Silica during the third quarter worth about $548,000. Allianz Asset Management GmbH raised its stake in U.S. Silica by 110.4% during the third quarter. Allianz Asset Management GmbH now owns 916,732 shares of the mining company’s stock worth $28,483,000 after acquiring an additional 481,067 shares during the period. Bessemer Group Inc. acquired a new stake in U.S. Silica during the fourth quarter worth about $2,377,000. Schwab Charles Investment Management Inc. raised its stake in U.S. Silica by 10.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 449,526 shares of the mining company’s stock worth $13,967,000 after acquiring an additional 40,996 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in U.S. Silica by 12.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 41,621 shares of the mining company’s stock worth $1,293,000 after acquiring an additional 4,500 shares during the period. 99.30% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of U.S. Silica from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine upgraded shares of U.S. Silica from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reduced their target price on shares of U.S. Silica to $38.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. They noted that the move was a valuation call. Cowen restated an “outperform” rating and set a $42.00 target price (down from $45.00) on shares of U.S. Silica in a report on Thursday, February 22nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $36.00 price objective (down previously from $40.00) on shares of U.S. Silica in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.57.
In other U.S. Silica news, Director William Jennings Kacal purchased 20,300 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of $25.78 per share, with a total value of $523,334.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane K. Duren bought 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $25.96 per share, with a total value of $259,600.00. Following the purchase, the director now directly owns 12,168 shares of the company’s stock, valued at approximately $315,881.28. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 34,900 shares of company stock valued at $926,830. 1.00% of the stock is currently owned by insiders.
U.S. Silica Holdings Inc (SLCA) traded down $0.18 during trading hours on Wednesday, reaching $26.39. 3,586,074 shares of the company’s stock were exchanged, compared to its average volume of 2,716,248. U.S. Silica Holdings Inc has a 52-week low of $24.26 and a 52-week high of $50.39. The firm has a market capitalization of $2,150.00, a price-to-earnings ratio of 19.91 and a beta of 2.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.86 and a current ratio of 3.29.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, March 14th. U.S. Silica’s dividend payout ratio (DPR) is 18.66%.
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U.S. Silica Company 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.
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