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Aigen Investment Management LP Buys New Position in U.S. Silica Holdings, Inc. (NYSE:SLCA)

May 29, 2023

Aigen Investment Management LP acquired a new stake in U.S. Silica Holdings, Inc. (NYSE:SLCA - Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,417 shares of the mining company's stock, valued at approximately $268,000.

Other large investors have also modified their holdings of the company. Taika Capital LP boosted its stake in U.S. Silica by 75.8% during the 4th quarter. Taika Capital LP now owns 112,900 shares of the mining company's stock worth $1,411,000 after purchasing an additional 48,680 shares during the period. Dimensional Fund Advisors LP lifted its position in U.S. Silica by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,907,353 shares of the mining company's stock worth $48,842,000 after acquiring an additional 149,255 shares during the period. First Eagle Investment Management LLC grew its stake in shares of U.S. Silica by 6.3% in the 4th quarter. First Eagle Investment Management LLC now owns 245,653 shares of the mining company's stock valued at $3,071,000 after purchasing an additional 14,453 shares during the last quarter. Citigroup Inc. increased its holdings in shares of U.S. Silica by 28.3% in the fourth quarter. Citigroup Inc. now owns 68,387 shares of the mining company's stock valued at $855,000 after purchasing an additional 15,076 shares during the period. Finally, UBS Group AG lifted its holdings in shares of U.S. Silica by 160.2% during the fourth quarter. UBS Group AG now owns 410,909 shares of the mining company's stock worth $5,136,000 after purchasing an additional 252,976 shares during the period. 82.70% of the stock is owned by institutional investors and hedge funds.

Shares of SLCA opened at $12.48 on Friday. The company has a 50-day moving average of $12.23 and a two-hundred day moving average of $12.29. The stock has a market cap of $961.71 million, a P/E ratio of 7.47 and a beta of 2.60. U.S. Silica Holdings, Inc. has a 12-month low of $9.47 and a 12-month high of $19.36. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 1.21.

U.S. Silica (NYSE:SLCA - Get Rating) last posted its earnings results on Thursday, April 27th. The mining company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.18. U.S. Silica had a return on equity of 20.80% and a net margin of 7.89%. The firm had revenue of $442.20 million for the quarter, compared to analyst estimates of $424.60 million. During the same quarter in the prior year, the company earned ($0.02) EPS. U.S. Silica's revenue was up 45.0% on a year-over-year basis. As a group, research analysts predict that U.S. Silica Holdings, Inc. will post 1.8 EPS for the current fiscal year.

In other news, CEO Bryan Adair Shinn sold 58,499 shares of U.S. Silica stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $13.99, for a total transaction of $818,401.01. Following the completion of the sale, the chief executive officer now directly owns 1,460,684 shares in the company, valued at $20,434,969.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

SLCA has been the subject of a number of analyst reports. upgraded shares of U.S. Silica from a "hold" rating to a "buy" rating in a research report on Friday, May 12th. Citigroup boosted their target price on U.S. Silica from $13.50 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, March 6th. Finally, Barclays raised their price target on U.S. Silica from $17.00 to $18.00 in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from, U.S. Silica presently has an average rating of "Hold" and an average price target of $17.00.

U.S. Silica Holdings, Inc engages in the provision of commercial silica products. It operates through the following segments: Oil and Gas Proppants, and Industrial and Specialty Products. The Oil and Gas Proppants segment focuses on delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells.

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