Guggenheim Capital LLC Increases Position in U.S. Silica Holdings, Inc. (NYSE:SLCA)

Guggenheim Capital LLC increased its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 57.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,022 shares of the mining company’s stock after buying an additional 22,319 shares during the quarter. Guggenheim Capital LLC owned about 0.08% of U.S. Silica worth $729,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. acquired a new position in U.S. Silica during the first quarter valued at $824,000. Credit Suisse AG lifted its position in U.S. Silica by 2.1% during the first quarter. Credit Suisse AG now owns 83,054 shares of the mining company’s stock valued at $992,000 after purchasing an additional 1,721 shares during the period. Boston Partners acquired a new position in U.S. Silica during the first quarter valued at $18,701,000. Clearstead Advisors LLC lifted its position in U.S. Silica by 12.3% during the first quarter. Clearstead Advisors LLC now owns 18,232 shares of the mining company’s stock valued at $218,000 after purchasing an additional 2,000 shares during the period. Finally, Federated Hermes Inc. lifted its position in U.S. Silica by 49.3% during the first quarter. Federated Hermes Inc. now owns 424,877 shares of the mining company’s stock valued at $5,073,000 after purchasing an additional 140,366 shares during the period. 85.94% of the stock is owned by hedge funds and other institutional investors.

U.S. Silica Trading Up 1.4 %

Shares of U.S. Silica stock opened at $13.19 on Wednesday. The firm has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $12.38. The company has a market cap of $1.02 billion, a P/E ratio of 6.69 and a beta of 2.62. U.S. Silica Holdings, Inc. has a fifty-two week low of $10.36 and a fifty-two week high of $14.90. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.99 and a current ratio of 2.81.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Thursday, July 27th. The mining company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. U.S. Silica had a net margin of 9.20% and a return on equity of 22.65%. The business had revenue of $406.78 million during the quarter, compared to the consensus estimate of $434.79 million. As a group, equities analysts predict that U.S. Silica Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of U.S. Silica in a research report on Thursday, August 17th. They set a “hold” rating for the company. Barclays decreased their price objective on shares of U.S. Silica from $18.00 to $15.00 in a research report on Monday, July 17th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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 the manufacturing of glass products.