U.S. Silica (NYSE:SLCA) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of U.S. Silica (NYSE:SLCA) in a report released on Friday. The brokerage issued a hold rating on the mining company’s stock.

Separately, Citigroup increased their price target on U.S. Silica from $13.50 to $15.50 and gave the stock a neutral rating in a report on Wednesday, May 1st.

U.S. Silica Stock Down 0.1 %

SLCA opened at $15.49 on Friday. U.S. Silica has a 52 week low of $10.09 and a 52 week high of $16.03. The business has a 50 day moving average price of $15.45 and a two-hundred day moving average price of $13.64. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.21 billion, a PE ratio of 10.54 and a beta of 1.99.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of U.S. Silica by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 21,860 shares of the mining company’s stock valued at $338,000 after purchasing an additional 656 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in U.S. Silica during the second quarter worth about $173,000. Picton Mahoney Asset Management acquired a new stake in shares of U.S. Silica during the 2nd quarter valued at approximately $7,492,000. Innealta Capital LLC purchased a new stake in shares of U.S. Silica during the 2nd quarter worth approximately $68,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of U.S. Silica by 13.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,309 shares of the mining company’s stock worth $237,000 after acquiring an additional 1,852 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About U.S. Silica

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.