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.
Several other hedge funds have also recently added to or reduced their stakes in SLCA. Phoenix Investment Adviser LLC bought a new position in shares of U.S. Silica during the fourth quarter worth about $228,000. Gabelli Funds LLC acquired a new stake in U.S. Silica during the fourth quarter worth about $228,000. Steward Partners Investment Advisory LLC raised its stake in U.S. Silica by 752.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,251 shares of the mining company’s stock worth $236,000 after acquiring an additional 6,400 shares during the period. CIBC Asset Management Inc acquired a new stake in U.S. Silica during the fourth quarter worth about $240,000. Finally, ClariVest Asset Management LLC acquired a new stake in U.S. Silica during the third quarter worth about $242,000. Institutional investors and hedge funds own 99.30% of the company’s stock.
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 purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $25.96 per share, with a total value of $259,600.00. Following the completion of the purchase, the director now owns 12,168 shares of the company’s stock, valued at $315,881.28. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 34,900 shares of company stock valued at $926,830. Insiders own 1.00% of the company’s stock.
U.S. Silica Holdings Inc (NYSE: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. The firm has a market capitalization of $2,150.00, a price-to-earnings ratio of 19.91 and a beta of 2.28. U.S. Silica Holdings Inc has a 52-week low of $24.26 and a 52-week high of $50.39. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be paid a $0.0625 dividend. 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 is presently 18.66%.
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 lowered their price objective on shares of U.S. Silica to $38.00 and set a “buy” rating on the stock in a research note 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 restated an “outperform” rating and set a $36.00 target price (down from $40.00) on shares of U.S. Silica in a report 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.
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About U.S. Silica
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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