Russell Investments Group Ltd. Purchases 12,699 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

Russell Investments Group Ltd. increased its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA – Get Rating) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,713 shares of the mining company’s stock after acquiring an additional 12,699 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of U.S. Silica worth $1,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bray Capital Advisors acquired a new stake in shares of U.S. Silica in the 4th quarter valued at $26,000. Heritage Wealth Advisors bought a new stake in shares of U.S. Silica in the 4th quarter valued at about $30,000. IFP Advisors Inc increased its stake in shares of U.S. Silica by 343.8% in the 3rd quarter. IFP Advisors Inc now owns 2,583 shares of the mining company’s stock valued at $80,000 after acquiring an additional 2,001 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in shares of U.S. Silica in the 4th quarter valued at approximately $39,000. Finally, Captrust Financial Advisors grew its position in shares of U.S. Silica by 60.4% in the 1st quarter. Captrust Financial Advisors now owns 6,737 shares of the mining company’s stock valued at $126,000 after purchasing an additional 2,538 shares during the period. Institutional investors own 82.70% of the company’s stock.

U.S. Silica Trading Up 1.0 %

NYSE SLCA opened at $12.78 on Tuesday. The firm has a market capitalization of $984.83 million, a P/E ratio of 7.65 and a beta of 2.60. The business has a fifty day simple moving average of $12.14 and a 200 day simple moving average of $12.30. U.S. Silica Holdings, Inc. has a 12 month low of $9.47 and a 12 month high of $19.36. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 1.21.

U.S. Silica (NYSE:SLCA – Get Rating) last announced its earnings results on Thursday, April 27th. The mining company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.18. U.S. Silica had a return on equity of 20.80% and a net margin of 7.89%. The firm had revenue of $442.20 million during the quarter, compared to analyst estimates of $424.60 million. During the same period last year, the firm posted ($0.02) EPS. The business’s revenue was up 45.0% compared to the same quarter last year. On average, analysts predict that U.S. Silica Holdings, Inc. will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling at U.S. Silica

In other news, CEO Bryan Adair Shinn sold 58,499 shares of U.S. Silica stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $13.99, for a total transaction of $818,401.01. Following the completion of the sale, the chief executive officer now owns 1,460,684 shares in the company, valued at approximately $20,434,969.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SLCA. Citigroup upped their price target on U.S. Silica from $13.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, March 6th. Barclays increased their price objective on U.S. Silica from $17.00 to $18.00 in a research report on Tuesday, May 9th. Finally, StockNews.com upgraded U.S. Silica from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, U.S. Silica presently has a consensus rating of “Hold” and an average target price of $17.00.

U.S. Silica Company Profile

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U.S. Silica Holdings, Inc engages in the provision of commercial silica products. It operates through the following segments: Oil and Gas Proppants, and Industrial and Specialty Products. The Oil and Gas Proppants segment focuses on delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells.