Connor Clark & Lunn Investment Management Ltd. Buys 9,613 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA - Get Rating) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,324 shares of the mining company's stock after purchasing an additional 9,613 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of U.S. Silica worth $704,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SLCA. Bray Capital Advisors bought a new stake in shares of U.S. Silica in the fourth quarter valued at approximately $26,000. Heritage Wealth Advisors bought a new stake in shares of U.S. Silica in the fourth quarter valued at approximately $30,000. Fiduciary Alliance LLC bought a new stake in shares of U.S. Silica in the fourth quarter valued at approximately $39,000. IFP Advisors Inc boosted its position in shares of U.S. Silica by 343.8% in the third quarter. IFP Advisors Inc now owns 2,583 shares of the mining company's stock valued at $80,000 after acquiring an additional 2,001 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of U.S. Silica in the second quarter valued at $118,000. Institutional investors own 82.70% of the company's stock.

SLCA has been the subject of a number of recent research reports. Citigroup upped their target price on U.S. Silica from $13.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, March 6th. StockNews.com upgraded U.S. Silica from a "hold" rating to a "buy" rating in a research note on Friday, May 12th. Finally, Barclays upped their target price on U.S. Silica from $17.00 to $18.00 in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $17.00.

U.S. Silica stock opened at $11.76 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.36 and a quick ratio of 1.69. The stock has a fifty day moving average price of $12.31 and a two-hundred day moving average price of $12.21. U.S. Silica Holdings, Inc. has a 52-week low of $9.47 and a 52-week high of $18.27. The firm has a market capitalization of $906.23 million, a P/E ratio of 7.04 and a beta of 2.61.

U.S. Silica (NYSE:SLCA - Get Rating) last released its quarterly earnings data on Thursday, April 27th. The mining company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $424.60 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The business's revenue for the quarter was up 45.0% compared to the same quarter last year. As a group, analysts anticipate that U.S. Silica Holdings, Inc. will post 1.8 EPS for the current fiscal year.

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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