Louisiana State Employees Retirement System cut its position in U.S. Silica Holdings Inc (NYSE:SLCA) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,048 shares of the mining company’s stock after selling 5,152 shares during the period. Louisiana State Employees Retirement System’s holdings in U.S. Silica were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James & Associates boosted its stake in shares of U.S. Silica by 11.8% in the second quarter. Raymond James & Associates now owns 32,917 shares of the mining company’s stock valued at $846,000 after purchasing an additional 3,475 shares during the period. Northern Trust Corp boosted its stake in U.S. Silica by 4.0% during the 2nd quarter. Northern Trust Corp now owns 1,754,931 shares of the mining company’s stock valued at $45,084,000 after acquiring an additional 67,546 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in U.S. Silica during the 3rd quarter valued at $504,000. First Trust Advisors LP boosted its stake in U.S. Silica by 322.5% during the 3rd quarter. First Trust Advisors LP now owns 67,546 shares of the mining company’s stock valued at $1,272,000 after acquiring an additional 51,558 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in U.S. Silica by 1,029.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 64,026 shares of the mining company’s stock valued at $1,205,000 after acquiring an additional 58,359 shares during the last quarter.
Shares of NYSE:SLCA opened at $14.59 on Wednesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 12.69 and a beta of 2.38. U.S. Silica Holdings Inc has a 1-year low of $9.30 and a 1-year high of $34.34. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.75.
In other U.S. Silica news, Director William Jennings Kacal bought 5,000 shares of the company’s stock in a transaction on Thursday, December 13th. The shares were bought at an average cost of $11.29 per share, with a total value of $56,450.00. Following the completion of the acquisition, the director now owns 78,815 shares of the company’s stock, valued at $889,821.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
SLCA has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price objective on shares of U.S. Silica from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Barclays set a $30.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, October 10th. Morgan Stanley downgraded shares of U.S. Silica from an “equal” rating to a “weight” rating and set a $18.00 price objective on the stock. in a research note on Thursday, October 11th. Zacks Investment Research downgraded shares of U.S. Silica from a “hold” rating to a “strong sell” rating in a research note on Friday, October 12th. Finally, Jefferies Financial Group downgraded shares of U.S. Silica from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research note on Wednesday, October 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.94.
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U.S. Silica Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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