AGF Investments Inc. Has $7.41 Million Position in U.S. Silica Holdings Inc (SLCA)

AGF Investments Inc. increased its holdings in U.S. Silica Holdings Inc (NYSE:SLCA) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,700 shares of the mining company’s stock after buying an additional 50,000 shares during the period. AGF Investments Inc. owned 0.28% of U.S. Silica worth $7,414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in U.S. Silica by 35.4% in the 2nd quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock valued at $94,554,000 after purchasing an additional 696,893 shares during the period. Van Berkom & Associates Inc. boosted its holdings in U.S. Silica by 4.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,850,760 shares of the mining company’s stock valued at $57,503,000 after purchasing an additional 73,679 shares during the period. Victory Capital Management Inc. boosted its holdings in U.S. Silica by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,444,958 shares of the mining company’s stock valued at $47,047,000 after purchasing an additional 13,352 shares during the period. Dimensional Fund Advisors LP boosted its holdings in U.S. Silica by 19.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,435,705 shares of the mining company’s stock valued at $44,606,000 after purchasing an additional 237,041 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in U.S. Silica by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,225,222 shares of the mining company’s stock valued at $38,068,000 after purchasing an additional 56,965 shares during the period. 99.37% of the stock is owned by institutional investors.

Several research analysts have commented on the stock. ValuEngine raised shares of U.S. Silica from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Piper Jaffray Companies reissued a “buy” rating on shares of U.S. Silica in a report on Tuesday, January 9th. R. F. Lafferty assumed coverage on shares of U.S. Silica in a report on Wednesday, January 17th. They issued a “buy” rating and a $52.00 price target for the company. Barclays raised shares of U.S. Silica from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a report on Monday, November 20th. Finally, Zacks Investment Research downgraded shares of U.S. Silica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $48.76.

In other U.S. Silica news, CEO Bryan Adair Shinn bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were bought at an average price of $31.30 per share, for a total transaction of $125,200.00. Following the transaction, the chief executive officer now directly owns 88,807 shares in the company, valued at $2,779,659.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradford B. Casper sold 8,700 shares of U.S. Silica stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.21, for a total transaction of $297,627.00. Following the completion of the transaction, the executive vice president now owns 18,593 shares in the company, valued at approximately $636,066.53. The disclosure for this sale can be found here. In the last quarter, insiders purchased 7,900 shares of company stock worth $256,063. 1.00% of the stock is owned by corporate insiders.

U.S. Silica Holdings Inc (NYSE:SLCA) opened at $29.75 on Thursday. The company has a market cap of $2,420.00, a price-to-earnings ratio of 37.19 and a beta of 2.15. U.S. Silica Holdings Inc has a 52-week low of $24.26 and a 52-week high of $61.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.67 and a quick ratio of 3.26.

U.S. Silica declared that its Board of Directors has approved a share repurchase program on Monday, November 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the mining company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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About U.S. Silica

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

Institutional Ownership by Quarter for U.S. Silica (NYSE:SLCA)

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