Chicago Partners Investment Group Lowers stake in U.S. Silica Holdings Inc (SLCA)

U.S. Silica Holdings Inc (SLCA) : Chicago Partners Investment Group reduced its stake in U.S. Silica Holdings Inc by 0.85% during the most recent quarter end. The investment management company now holds a total of 15,082 shares of U.S. Silica Holdings Inc which is valued at $584,428 after selling 130 shares in U.S. Silica Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.U.S. Silica Holdings Inc makes up approximately 0.27% of Chicago Partners Investment Group’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management reduced its stake in SLCA by selling 988 shares or 24.59% in the most recent quarter. The Hedge Fund company now holds 3,030 shares of SLCA which is valued at $117,413. Tygh Capital Management added SLCA to its portfolio by purchasing 56,822 company shares during the most recent quarter which is valued at $2,221,172. U.S. Silica Holdings Inc makes up approx 0.59% of Tygh Capital Management’s portfolio.Rothschild Asset Management Inc boosted its stake in SLCA in the latest quarter, The investment management firm added 52,959 additional shares and now holds a total of 295,583 shares of U.S. Silica Holdings Inc which is valued at $10,933,615. U.S. Silica Holdings Inc makes up approx 0.19% of Rothschild Asset Management Inc’s portfolio.California State Teachers Retirement System reduced its stake in SLCA by selling 311 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 134,468 shares of SLCA which is valued at $4,973,971. U.S. Silica Holdings Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Deprince Race Zollo Inc reduced its stake in SLCA by selling 1,800,615 shares or 99.28% in the most recent quarter. The Hedge Fund company now holds 13,000 shares of SLCA which is valued at $443,430. U.S. Silica Holdings Inc makes up approx 0.01% of Deprince Race Zollo Inc’s portfolio.

U.S. Silica Holdings Inc opened for trading at $38.8 and hit $40.24 on the upside on Monday, eventually ending the session at $39.8, with a gain of 3.62% or 1.39 points. The heightened volatility saw the trading volume jump to 18,84,855 shares. Company has a market cap of $2,531 M.

On the company’s financial health, U.S. Silica Holdings Inc reported $-0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.21. The company had revenue of $117.00 million for the quarter, compared to analysts expectations of $115.59 million. The company’s revenue was down -20.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Investors should note that on Jul 25, 2016, U.S. Silica Holdings Inc announced a cash dividend of $0.0625. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 4, 2016.

Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. Barclays Initiated U.S. Silica Holdings Inc on Aug 10, 2016 to “Overweight”, Price Target of the shares are set at $50.Company shares were Reiterated by Scotia Howard Weil on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $29 .

U.S. Silica Holdings Inc. (U.S. Silica) is a domestic producer of commercial silica a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment the Company serves the oil and gas recovery market providing fracturing sand or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

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