Mackenzie Financial Corp Reduces Position in U.S. Silica Holdings, Inc. (NYSE:SLCA)

Mackenzie Financial Corp trimmed its position in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 36.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,969 shares of the mining company’s stock after selling 6,293 shares during the period. Mackenzie Financial Corp’s holdings in U.S. Silica were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new stake in shares of U.S. Silica in the 3rd quarter worth approximately $109,000. Callahan Advisors LLC purchased a new position in U.S. Silica during the 4th quarter valued at about $124,000. Perfromance Wealth Partners LLC purchased a new position in shares of U.S. Silica during the third quarter valued at approximately $140,000. Aigen Investment Management LP bought a new stake in U.S. Silica in the third quarter worth $187,000. Finally, WINTON GROUP Ltd bought a new position in U.S. Silica in the 3rd quarter worth about $198,000. 87.77% of the stock is currently owned by institutional investors.

Insider Activity

In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of U.S. Silica stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the sale, the executive vice president now owns 174,772 shares of the company’s stock, valued at approximately $2,446,808. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP James Derek Ussery sold 46,433 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total transaction of $650,062.00. Following the completion of the sale, the executive vice president now directly owns 174,772 shares of the company’s stock, valued at approximately $2,446,808. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stacy Russell sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $12.00, for a total value of $240,000.00. Following the completion of the sale, the executive vice president now owns 186,752 shares of the company’s stock, valued at approximately $2,241,024. The disclosure for this sale can be found here. Insiders have sold a total of 109,038 shares of company stock worth $1,552,570 over the last quarter. Insiders own 3.60% of the company’s stock.

U.S. Silica Price Performance

Shares of SLCA opened at $15.56 on Tuesday. U.S. Silica Holdings, Inc. has a twelve month low of $10.09 and a twelve month high of $16.03. The firm has a 50 day moving average of $12.35 and a 200 day moving average of $11.66. The company has a market capitalization of $1.22 billion, a P/E ratio of 10.59 and a beta of 2.23. 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 (NYSE:SLCA) last released its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $325.90 million for the quarter, compared to the consensus estimate of $336.59 million. U.S. Silica had a net margin of 8.08% and a return on equity of 13.77%. The company’s quarterly revenue was down 26.3% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. As a group, equities research analysts anticipate that U.S. Silica Holdings, Inc. will post 1.17 earnings per share for the current fiscal year.

About U.S. Silica

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.