Brenham Capital Management buys $76,820,000 stake in U.S. Silica Holdings Inc (SLCA)

U.S. Silica Holdings Inc (SLCA) : Brenham Capital Management scooped up 1,500,000 additional shares in U.S. Silica Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,000,000 shares of U.S. Silica Holdings Inc which is valued at $76,820,000.U.S. Silica Holdings Inc makes up approximately 8.97% of Brenham Capital Management’s portfolio.

Other Hedge Funds, Including , Tide Point Capital Management Lp sold out all of its stake in SLCA during the most recent quarter. The investment firm sold 600,000 shares of SLCA which is valued $23,046,000.Citadel Advisors reduced its stake in SLCA by selling 688,929 shares or 95.29% in the most recent quarter. The Hedge Fund company now holds 34,048 shares of SLCA which is valued at $1,307,784.Employees Retirement System Of Texas boosted its stake in SLCA in the latest quarter, The investment management firm added 109,000 additional shares and now holds a total of 143,000 shares of U.S. Silica Holdings Inc which is valued at $5,492,630. U.S. Silica Holdings Inc makes up approx 0.07% of Employees Retirement System Of Texas’s portfolio. Hudson Bay Capital Management Lp sold out all of its stake in SLCA during the most recent quarter. The investment firm sold 93,623 shares of SLCA which is valued $3,596,059.Eam Investors boosted its stake in SLCA in the latest quarter, The investment management firm added 33,947 additional shares and now holds a total of 75,374 shares of U.S. Silica Holdings Inc which is valued at $2,946,370. U.S. Silica Holdings Inc makes up approx 0.41% of Eam Investors’s portfolio.

U.S. Silica Holdings Inc opened for trading at $39.15 and hit $39.92 on the upside on Thursday, eventually ending the session at $39.76, with a gain of 1.30% or 0.51 points. The heightened volatility saw the trading volume jump to 16,95,073 shares. Company has a market cap of $2,528 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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