Posted by admin on Aug 21st, 2022

U.S. Silica Holdings, Inc. (NYSE:SLCA – Get Rating) SVP Stacy Russell sold 14,974 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $15.55, for a total value of $232,845.70. Following the completion of the transaction, the senior vice president now owns 117,922 shares of the company’s stock, valued at $1,833,687.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of U.S. Silica stock opened at $14.68 on Friday. U.S. Silica Holdings, Inc. has a 12-month low of $7.22 and a 12-month high of $21.54. The stock has a market cap of $1.11 billion, a P/E ratio of -43.18 and a beta of 2.81. The company has a quick ratio of 2.22, a current ratio of 2.76 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average is $12.39 and its 200-day moving average is $14.83.

U.S. Silica (NYSE:SLCA – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The mining company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. U.S. Silica had a negative return on equity of 1.50% and a negative net margin of 1.97%. The company had revenue of $388.50 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business’s revenue was up 22.4% compared to the same quarter last year. Equities research analysts predict that U.S. Silica Holdings, Inc. will post 1.04 earnings per share for the current fiscal year.

SLCA has been the subject of a number of recent research reports. StockNews.com raised U.S. Silica from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley upped their price target on U.S. Silica from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 1st. Evercore ISI raised U.S. Silica from an “in-line” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Tuesday, June 14th. Barclays upped their price target on U.S. Silica from $12.00 to $17.00 in a research report on Monday, May 2nd. Finally, TheStreet downgraded U.S. Silica from a “c” rating to a “d+” rating in a research report on Friday, July 29th.

A number of large investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its stake in U.S. Silica by 2.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 29,904 shares of the mining company’s stock valued at $558,000 after acquiring an additional 600 shares during the period. Profund Advisors LLC raised its stake in U.S. Silica by 3.1% in the 1st quarter. Profund Advisors LLC now owns 27,271 shares of the mining company’s stock valued at $509,000 after acquiring an additional 819 shares during the period. Chicago Partners Investment Group LLC raised its stake in U.S. Silica by 7.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 13,058 shares of the mining company’s stock valued at $215,000 after acquiring an additional 897 shares during the period. Comerica Bank increased its position in U.S. Silica by 1.5% during the 2nd quarter. Comerica Bank now owns 64,239 shares of the mining company’s stock worth $726,000 after buying an additional 935 shares during the period. Finally, Bank of Montreal Can increased its position in U.S. Silica by 5.4% during the 1st quarter. Bank of Montreal Can now owns 20,911 shares of the mining company’s stock worth $379,000 after buying an additional 1,076 shares during the period. Institutional investors own 75.05% of the company’s stock.

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for the manufacturing of glass products.

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