U.S. Silica (NYSE:SLCA) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of U.S. Silica (NYSE:SLCA) in a research report released on Friday morning. The brokerage issued a hold rating on the mining company’s stock.

Separately, Citigroup raised their target price on shares of U.S. Silica from $13.50 to $15.50 and gave the company a neutral rating in a research note on Wednesday, May 1st.

U.S. Silica Stock Down 0.1 %

SLCA stock opened at $15.49 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92. U.S. Silica has a fifty-two week low of $10.09 and a fifty-two week high of $16.03. The firm’s 50-day simple moving average is $15.45 and its 200 day simple moving average is $13.64. The stock has a market cap of $1.21 billion, a PE ratio of 10.54 and a beta of 1.99.

Institutional Trading of U.S. Silica

Several institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of U.S. Silica by 3.1% during the second quarter. Arizona State Retirement System now owns 21,860 shares of the mining company’s stock worth $338,000 after purchasing an additional 656 shares during the period. SummerHaven Investment Management LLC raised its position in U.S. Silica by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 57,179 shares of the mining company’s stock valued at $883,000 after acquiring an additional 972 shares in the last quarter. GAMMA Investing LLC raised its position in shares of U.S. Silica by 25.8% in the first quarter. GAMMA Investing LLC now owns 4,773 shares of the mining company’s stock valued at $59,000 after purchasing an additional 978 shares during the period. ProShare Advisors LLC raised its position in shares of U.S. Silica by 7.4% in the first quarter. ProShare Advisors LLC now owns 15,237 shares of the mining company’s stock valued at $189,000 after purchasing an additional 1,052 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of U.S. Silica by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 39,300 shares of the mining company’s stock valued at $607,000 after purchasing an additional 1,100 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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 frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.