Shares are trading at $28.99 just above $26.86, the stock’s 50 day moving average and quite a bit lower than the 200 day moving average of $36.17. The 50 day moving average moved up $2.13 whereas the 200 day moving average was down $-7.18 or -19.85%. (NYSE:SLCA) shares saw light trading volume with 1,071K shares changing hands on Wednesday. Overall, volume was down 61.39% under the stocks normal daily volume.
Traders are a little more bearish recently if you look at the increase in short interest. The stock realized a rise in short interest of 10.23% between August 15, 2017 and August 31, 2017. Short interest grew 1,263,778 over that period. Days to cover increased from 4.0 to 6.0 and the short interest percentage is 0.17% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (SLCA). Sl Advisors, LLC augmented its holdings by buying 76,572 shares an increase of 117.7% in the quarter. Sl Advisors, LLC owns 141,634 shares valued at $6,805,000. The total value of its holdings increased 84.5%. Morgan Stanley grew its ownership by buying 4,193 shares an increase of 4.2% from 12/31/2016 to 03/31/2017. Morgan Stanley now holds 104,092 shares with a value of $4,995,000. The value of the position overall is down by 11.8%.
Tower Research Capital LLC (trc) cut its investment by selling 1,999 shares a decrease of 95.2%. Tower Research Capital LLC (trc) controls 100 shares worth $5,000. The total value of its holdings decreased 95.8%. As of quarter end Goldman Sachs Group Inc had bought 566,713 shares growing its position 285.9%. The value of the company’s investment in U.S. Silica Holdings, Inc. increased from $11,234,000 to $36,708,000 increasing 226.8% since the last quarter.
August 3 investment analysts at Credit Suisse kept the stock rating at “Outperform” and moved up the price target from $25.00 to $41.00. Equity analyst Janney Capital added the stock to its research portfolio with a rating of “Buy”.
The company is now unchanged by % percent from yesterday’s close. U.S. Silica Holdings, Inc. declared a dividend for shareholders which was paid on Thursday July 6th, 2017. The dividend payment was $0.063 per share for the quarter which is $0.25 annualized. This dividend represents a yield of $0.87 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 14th of September 2017.
The most current P/E ratio is 165.66 and market cap is 2.35B. As of the last earnings report the EPS was $0.17 and is expected to be $1.56 for the current year with 81,213,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.59 and the next full year EPS is anticipated to be $3.04.
U.S. Silica Holdings, Inc., launched on November 14, 2008, 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 its end market, oil and gas proppants, its frac sand is used to stimulate and maintain the flow of hydrocarbons in oil and natural gas wells. Its silica is also used as an irreplaceable raw material in a range of industrial applications, including glassmaking and chemical manufacturing. The Company produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products..