Texas Permanent School Fund Increases Stock Position in U.S. Silica Holdings, Inc. (NYSE:SLCA)

Texas Permanent School Fund lifted its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCAGet Rating) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,553 shares of the mining company’s stock after acquiring an additional 1,686 shares during the period. Texas Permanent School Fund owned 0.07% of U.S. Silica worth $623,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Profund Advisors LLC grew its position in shares of U.S. Silica by 3.1% during the first quarter. Profund Advisors LLC now owns 27,271 shares of the mining company’s stock worth $509,000 after acquiring an additional 819 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in U.S. Silica by 7.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 13,058 shares of the mining company’s stock valued at $215,000 after buying an additional 897 shares during the last quarter. Comerica Bank lifted its holdings in U.S. Silica by 1.5% in the second quarter. Comerica Bank now owns 64,239 shares of the mining company’s stock valued at $726,000 after acquiring an additional 935 shares during the period. Bank of Montreal Can lifted its holdings in U.S. Silica by 5.4% in the first quarter. Bank of Montreal Can now owns 20,911 shares of the mining company’s stock valued at $379,000 after acquiring an additional 1,076 shares during the period. Finally, Bivin & Associates Inc. acquired a new stake in U.S. Silica in the first quarter valued at $59,000. 81.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Silica

In other news, Director William Jennings Kacal sold 50,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $15.12, for a total transaction of $756,000.00. Following the completion of the sale, the director now owns 171,346 shares in the company, valued at approximately $2,590,751.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other U.S. Silica news, CFO Donald A. Merril sold 35,879 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $14.44, for a total value of $518,092.76. Following the completion of the transaction, the chief financial officer now owns 200,197 shares in the company, valued at approximately $2,890,844.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Jennings Kacal sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $15.12, for a total value of $756,000.00. Following the completion of the transaction, the director now owns 171,346 shares of the company’s stock, valued at approximately $2,590,751.52. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SLCA shares. Morgan Stanley lifted their price target on U.S. Silica from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 1st. StockNews.com began coverage on U.S. Silica in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, TheStreet upgraded U.S. Silica from a “d+” rating to a “c” rating in a report on Monday, October 24th.

U.S. Silica Stock Down 3.3 %

Shares of NYSE:SLCA opened at $12.79 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.88 and a current ratio of 2.39. U.S. Silica Holdings, Inc. has a 1 year low of $8.72 and a 1 year high of $21.54. The stock has a market capitalization of $968.32 million, a P/E ratio of 37.62 and a beta of 2.77. The stock has a 50-day simple moving average of $12.79 and a 200-day simple moving average of $13.58.

U.S. Silica Profile

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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.

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

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