Co. Reduces Position in US Silica Holdings, Inc. (NYSE:SLCA)

Lloyd Doyle
December 7, 2017

(NYSE:SLCA) has seen its stock price gain 22.57, or -39.82%, so far in 2017. The number of shares now owned by investors are 174.62 mln. U.S. Silica Holdings's dividend payout ratio (DPR) is presently -29.41%. Co.'s portfolio, making the stock its 17th biggest position. Co. owned about 0.50% of U.S. Silica worth $12,521,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company.

Tracking other technical indicators, the 14-day RSI is presently standing at 44.96, the 7-day sits at 34.30, and the 3-day is resting at 18.24 for U.S. Silica Holdings Inc (SLCA).

International, Ltd. (CTRP) stock price tumbled -0.37% to finalize at $45.95 throughout previous buying and selling session. U.S. Silica has $70 highest and $14 lowest target. Public Employees Retirement System of OH now owns 48,908 shares of the mining company's stock worth $1,520,000 after purchasing an additional 14,546 shares in the last quarter. Chicago Partners Investment Group LLC now owns 15,285 shares of the mining company's stock valued at $475,000 after purchasing an additional 15,007 shares during the last quarter.

Shares of U.S. Silica (SLCA) traded down $1.16 during trading hours on Wednesday, hitting $32.95. Tortoise Capital Advisors L.L.C. now owns 180,710 shares of the mining company's stock worth $5,615,000 after purchasing an additional 58,412 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in U.S. Silica by 78.0% during the 2nd quarter. Municipal Employees Retirement System of MI now owns 17,220 shares of the mining company's stock worth $611,000 after purchasing an additional 890 shares in the last quarter.

U.S. Silica Holdings, Inc. That puts the market capitalization at $2.77 bln. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.26 and a current ratio of 3.67. U.S. Silica Holdings, Inc. has a 52 week low of $24.26 and a 52 week high of $61.49.

U.S. Silica (NYSE:SLCA) last issued its earnings results on Monday, November 6th. They expect $0.57 earnings per share, up 733.33% or $0.66 from last year's $-0.09 per share. The company had revenue of $244.80 million during the quarter, compared to analyst estimates of $236.88 million. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. The firm's quarterly revenue was up 150.5% compared to the same quarter a year ago.


We can also take a look at the Average Directional Index or ADX of U.S. Silica Holdings Inc (SLCA).

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. In general, and ADX value from 0-25 would represent an absent or weak trend. The ex-dividend date is Tuesday, June 13th. GSA Capital Partners LLP acquired a new stake in shares of U.S. Silica in the 3rd quarter worth $632,000.

U.S. Silica announced that its Board of Directors has approved a share repurchase program on Monday, November 6th that authorizes the company to repurchase $100.00 million in shares. Discovery Capital Management Llc sold 780,700 shares as U S Silica Hldgs Inc (SLCA)'s stock declined 29.01%. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

The stock price volatility prevailed at 4.36% in recent month and negotiated volatility at 4.61% for the week. $38.43's average target is 20.85% above currents $31.8 stock price.

Among 6 analysts covering Cable One Inc (NYSE:CABO), 2 have Buy rating, 3 Sell and 1 Hold. The firm has "Buy" rating given on Wednesday, April 12 by Jefferies. SunTrust Banks reissued a "buy" rating and issued a $43.00 price objective (up previously from $35.00) on shares of U.S. Silica in a research note on Thursday, September 28th. ValuEngine downgraded U.S. Silica from a "hold" rating to a "sell" rating in a research note on Friday, September 1st. The firm has chose to set a "Buy" rating along with a $40, adding 23.57 % to the target.

TRADEMARK VIOLATION NOTICE: This article was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of US & worldwide trademark and copyright legislation.

WARNING: "B. Riley Analysts Give U.S. Silica (SLCA) a $40.00 Price Target" was posted by StockNewsTimes and is the sole property of of StockNewsTimes. The firm operates through two divisions, Oil & Gas Proppants and Industrial & Specialty Products.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER