U.S. Silica Holdings, Inc. (SLCA) Shares Sold by Century Capital Management LLC

Century Capital Management LLC lessened its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 16.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,242 shares of the mining company’s stock after selling 4,174 shares during the quarter. Century Capital Management LLC’s holdings in U.S. Silica Holdings were worth $754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLCA. Tyers Asset Management LLC increased its stake in shares of U.S. Silica Holdings by 11.0% during the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after acquiring an additional 224 shares during the period. Winch Advisory Services LLC increased its stake in shares of U.S. Silica Holdings by 109.0% during the second quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after acquiring an additional 2,152 shares during the period. Elkfork Partners LLC increased its stake in shares of U.S. Silica Holdings by 11.0% during the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after acquiring an additional 308 shares during the period. Roble Belko & Company Inc acquired a new position in shares of U.S. Silica Holdings during the first quarter valued at approximately $177,000. Finally, Meadow Creek Investment Management LLC increased its stake in shares of U.S. Silica Holdings by 11.0% during the first quarter. Meadow Creek Investment Management LLC now owns 3,948 shares of the mining company’s stock valued at $190,000 after acquiring an additional 392 shares during the period.

A number of research analysts recently commented on the stock. Evercore ISI assumed coverage on shares of U.S. Silica Holdings in a research note on Thursday, May 25th. They set an “outperform” rating and a $48.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of U.S. Silica Holdings in a research note on Friday, May 26th. Wolfe Research lowered shares of U.S. Silica Holdings from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $47.00 to $38.00 in a research note on Tuesday, June 6th. 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 note on Wednesday, May 31st. Finally, Scotiabank set a $63.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. U.S. Silica Holdings has a consensus rating of “Buy” and an average price target of $52.18.

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U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 28.67 on Wednesday. The company has a 50-day moving average of $26.73 and a 200-day moving average of $37.17. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 163.83 and a beta of 2.32. U.S. Silica Holdings, Inc. has a 1-year low of $24.26 and a 1-year high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million during the quarter, compared to the consensus estimate of $316.43 million. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. U.S. Silica Holdings’s revenue for the quarter was up 148.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) earnings per share. Analysts predict that U.S. Silica Holdings, Inc. will post $1.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be paid a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, September 14th. 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 presently 192.31%.

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

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