Chicago Partners Investment Group LLC Acquires 897 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

Chicago Partners Investment Group LLC increased its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCAGet Rating) by 7.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,058 shares of the mining company’s stock after purchasing an additional 897 shares during the period. Chicago Partners Investment Group LLC’s holdings in U.S. Silica were worth $215,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLCA. Nisa Investment Advisors LLC bought a new position in U.S. Silica during the first quarter worth about $49,000. Chilton Capital Management LLC acquired a new stake in U.S. Silica during the fourth quarter worth approximately $57,000. Bivin & Associates Inc. acquired a new stake in U.S. Silica during the first quarter worth approximately $59,000. Captrust Financial Advisors lifted its position in U.S. Silica by 60.4% during the first quarter. Captrust Financial Advisors now owns 6,737 shares of the mining company’s stock worth $126,000 after acquiring an additional 2,538 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in U.S. Silica by 62.0% during the fourth quarter. ProShare Advisors LLC now owns 18,381 shares of the mining company’s stock worth $174,000 after acquiring an additional 7,038 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.

U.S. Silica Stock Performance

NYSE SLCA opened at $13.05 on Friday. The firm’s fifty day moving average price is $13.17 and its two-hundred day moving average price is $15.21. The stock has a market cap of $986.01 million, a PE ratio of -38.38 and a beta of 2.76. U.S. Silica Holdings, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $21.54. The company has a debt-to-equity ratio of 1.88, a quick ratio of 2.22 and a current ratio of 2.76.

U.S. Silica (NYSE:SLCAGet Rating) last posted its earnings results on Friday, July 29th. The mining company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. U.S. Silica had a negative net margin of 1.97% and a negative return on equity of 1.50%. The firm had revenue of $388.50 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. On average, equities analysts expect that U.S. Silica Holdings, Inc. will post 1.04 EPS for the current fiscal year.

Insider Activity

In other U.S. Silica news, CFO Donald A. Merril sold 40,000 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $14.28, for a total value of $571,200.00. Following the completion of the sale, the chief financial officer now directly owns 236,076 shares of the company’s stock, valued at approximately $3,371,165.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Donald A. Merril sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $14.28, for a total value of $571,200.00. Following the completion of the transaction, the chief financial officer now directly owns 236,076 shares of the company’s stock, valued at approximately $3,371,165.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Stacy Russell sold 14,974 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $15.55, for a total transaction of $232,845.70. Following the completion of the transaction, the senior vice president now directly owns 117,922 shares of the company’s stock, valued at $1,833,687.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 344,022 shares of company stock worth $5,229,467. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

SLCA has been the subject of a number of analyst reports. StockNews.com downgraded shares of U.S. Silica from a “buy” rating to a “hold” rating in a research report on Saturday, September 10th. Evercore ISI upgraded shares of 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. TheStreet downgraded shares of U.S. Silica from a “c” rating to a “d+” rating in a research report on Friday, July 29th. Finally, Morgan Stanley boosted their price objective on shares of U.S. Silica from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, August 1st.

U.S. Silica Company Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding SLCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Silica Holdings, Inc. (NYSE:SLCAGet Rating).

Institutional Ownership by Quarter for U.S. Silica (NYSE:SLCA)

Receive News & Ratings for U.S. Silica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica and related companies with MarketBeat.com's FREE daily email newsletter.