Wellington Management Group LLP Purchases 46,335 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

Wellington Management Group LLP grew its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 823,696 shares of the mining company’s stock after acquiring an additional 46,335 shares during the quarter. Wellington Management Group LLP owned 1.05% of U.S. Silica worth $9,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SLCA. GAMMA Investing LLC bought a new position in U.S. Silica in the 4th quarter valued at about $41,000. Callahan Advisors LLC bought a new stake in U.S. Silica during the fourth quarter worth $124,000. Victory Capital Management Inc. lifted its stake in U.S. Silica by 26.3% during the fourth quarter. Victory Capital Management Inc. now owns 16,235 shares of the mining company’s stock worth $184,000 after purchasing an additional 3,378 shares during the last quarter. Graham Capital Management L.P. increased its stake in shares of U.S. Silica by 6.8% in the 3rd quarter. Graham Capital Management L.P. now owns 16,909 shares of the mining company’s stock valued at $237,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of U.S. Silica by 19.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 17,659 shares of the mining company’s stock worth $248,000 after buying an additional 2,900 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP James Derek Ussery sold 46,433 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total value of $650,062.00. Following the transaction, the executive vice president now owns 174,772 shares in the company, valued at $2,446,808. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of U.S. Silica stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 174,772 shares in the company, valued at $2,446,808. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Zach Carusona sold 42,605 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $15.55, for a total transaction of $662,507.75. Following the sale, the executive vice president now directly owns 160,929 shares of the company’s stock, valued at approximately $2,502,445.95. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

SLCA has been the subject of several research analyst reports. StockNews.com began coverage on shares of U.S. Silica in a report on Sunday, June 23rd. They set a “hold” rating for the company. Citigroup lifted their price target on U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st.

U.S. Silica Price Performance

SLCA stock opened at $15.44 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.74 and a current ratio of 3.62. U.S. Silica Holdings, Inc. has a 52-week low of $10.09 and a 52-week high of $16.03. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.50 and a beta of 2.03. The company has a fifty day moving average price of $15.22 and a 200-day moving average price of $12.78.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $325.90 million for the quarter, compared to analyst estimates of $336.59 million. U.S. Silica had a return on equity of 13.77% and a net margin of 8.08%. The business’s revenue was down 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS. As a group, equities analysts expect that U.S. Silica Holdings, Inc. will post 1.02 EPS for the current year.

U.S. Silica 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.