Credit Suisse AG lifted its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 121.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,013 shares of the mining company’s stock after buying an additional 13,153 shares during the period. Credit Suisse AG’s holdings in U.S. Silica were worth $169,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in U.S. Silica by 2.7% in the fourth quarter. BlackRock Inc. now owns 11,362,858 shares of the mining company’s stock worth $79,768,000 after purchasing an additional 300,662 shares during the last quarter. Ariel Investments LLC boosted its position in U.S. Silica by 2.1% in the fourth quarter. Ariel Investments LLC now owns 8,960,928 shares of the mining company’s stock worth $62,906,000 after purchasing an additional 186,469 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in U.S. Silica by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,379,607 shares of the mining company’s stock worth $4,139,000 after purchasing an additional 84,537 shares during the last quarter. Morgan Stanley boosted its position in U.S. Silica by 25.0% in the third quarter. Morgan Stanley now owns 1,301,113 shares of the mining company’s stock worth $3,904,000 after purchasing an additional 260,196 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in U.S. Silica in the fourth quarter worth about $8,811,000. 75.67% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on SLCA. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised U.S. Silica from a “sell” rating to a “neutral” rating and raised their target price for the stock from $2.50 to $7.00 in a research report on Tuesday, December 15th. Zacks Investment Research downgraded U.S. Silica from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research note on Wednesday, March 17th. Morgan Stanley raised their price objective on U.S. Silica from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 31st. Smith Barney Citigroup raised U.S. Silica from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 15th. Finally, Evercore ISI raised U.S. Silica from an “in-line” rating to an “outperform” rating in a research note on Monday, January 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.58.
U.S. Silica (NYSE:SLCA) last issued its earnings results on Friday, February 26th. The mining company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.08. The company had revenue of $227.30 million for the quarter, compared to the consensus estimate of $189.73 million. U.S. Silica had a negative return on equity of 0.69% and a negative net margin of 42.97%. The firm’s quarterly revenue was down 33.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.53) EPS. Equities research analysts predict that U.S. Silica Holdings, Inc. will post -0.61 earnings per share for the current year.
U.S. Silica Company Profile
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 manufacturing glass products.
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