U.S. Silica (NYSE:SLCA) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of U.S. Silica (NYSE:SLCA) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the mining company’s stock.

Separately, Citigroup boosted their price objective on shares of U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, May 1st.

U.S. Silica Stock Performance

Shares of NYSE SLCA opened at $15.49 on Friday. U.S. Silica has a one year low of $10.09 and a one year high of $16.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.62 and a quick ratio of 2.74. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 10.54 and a beta of 1.99. The stock’s fifty day moving average price is $15.45 and its two-hundred day moving average price is $13.90.

Hedge Funds Weigh In On U.S. Silica

Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in U.S. Silica in the first quarter valued at approximately $654,000. Findell Capital Management LLC acquired a new stake in U.S. Silica in the fourth quarter valued at about $5,881,000. Invenomic Capital Management LP bought a new position in U.S. Silica in the first quarter valued at about $2,536,000. Boston Partners raised its stake in U.S. Silica by 49.3% during the first quarter. Boston Partners now owns 2,027,823 shares of the mining company’s stock worth $26,034,000 after acquiring an additional 669,534 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of U.S. Silica by 29.7% in the first quarter. Sei Investments Co. now owns 34,006 shares of the mining company’s stock worth $422,000 after acquiring an additional 7,797 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

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 frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.