Vanguard Group Inc. decreased its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA - Free Report) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,846,874 shares of the mining company's stock after selling 102,915 shares during the quarter. Vanguard Group Inc. owned about 8.87% of U.S. Silica worth $96,130,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in U.S. Silica by 228.9% during the 1st quarter. JPMorgan Chase & Co. now owns 240,339 shares of the mining company's stock valued at $4,485,000 after purchasing an additional 167,257 shares in the last quarter. Bank of New York Mellon Corp raised its stake in U.S. Silica by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 721,779 shares of the mining company's stock worth $13,468,000 after acquiring an additional 9,241 shares during the last quarter. Citigroup Inc. lifted its position in U.S. Silica by 5.8% during the 1st quarter. Citigroup Inc. now owns 73,258 shares of the mining company's stock worth $1,367,000 after acquiring an additional 4,027 shares during the period. Bank of Montreal Can grew its stake in U.S. Silica by 5.4% during the 1st quarter. Bank of Montreal Can now owns 20,911 shares of the mining company's stock valued at $379,000 after purchasing an additional 1,076 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of U.S. Silica by 54.5% in the first quarter. MetLife Investment Management LLC now owns 39,396 shares of the mining company's stock valued at $735,000 after purchasing an additional 13,892 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP James Derek Ussery sold 46,433 shares of the business's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the completion of the transaction, the executive vice president now owns 174,772 shares of the company's stock, valued at approximately $2,446,808. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP James Derek Ussery sold 46,433 shares of U.S. Silica stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total transaction of $650,062.00. Following the completion of the transaction, the executive vice president now directly owns 174,772 shares of the company's stock, valued at approximately $2,446,808. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stacy Russell sold 20,000 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $12.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now owns 186,752 shares of the company's stock, valued at $2,241,024. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.
U.S. Silica Stock Performance
Shares of U.S. Silica stock traded down $0.04 on Friday, reaching $13.19. 609,284 shares of the stock were exchanged, compared to its average volume of 866,547. The business has a 50 day moving average price of $11.52 and a two-hundred day moving average price of $11.72. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.09 and a beta of 2.23. U.S. Silica Holdings, Inc. has a twelve month low of $10.09 and a twelve month high of $14.64. The company has a quick ratio of 2.43, a current ratio of 3.23 and a debt-to-equity ratio of 0.96.
U.S. Silica (NYSE:SLCA - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The mining company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $336.00 million for the quarter, compared to analyst estimates of $343.72 million. U.S. Silica had a net margin of 9.47% and a return on equity of 18.56%. The business's quarterly revenue was down 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Analysts anticipate that U.S. Silica Holdings, Inc. will post 1.17 earnings per share for the current fiscal year.
About U.S. Silica
(
Free Report)
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.
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