Icon Advisers INC Has Cut Position in U.S. Silica Holdings INC (SLCA) as Shares Declined

April 19, 2018 - By Louis Casey

U.S. Silica Holdings, Inc. (NYSE:SLCA) Logo

Icon Advisers Inc decreased its stake in U.S. Silica Holdings Inc. (SLCA) by 16.86% based on its latest 2017Q4 regulatory filing with the SEC. Icon Advisers Inc sold 111,800 shares as the company’s stock declined 23.14% with the market. The institutional investor held 551,500 shares of the basic industries company at the end of 2017Q4, valued at $17.96 million, down from 663,300 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in U.S. Silica Holdings Inc. for a number of months, seems to be less bullish one the $2.26 billion market cap company. The stock decreased 1.13% or $0.32 during the last trading session, reaching $28.03. About 994,550 shares traded. U.S. Silica Holdings, Inc. (NYSE:SLCA) has declined 43.79% since April 19, 2017 and is downtrending. It has underperformed by 55.34% the S&P500.

Icon Advisers Inc, which manages about $2.21B and $1.45 billion US Long portfolio, upped its stake in Electronic Arts Inc. (NASDAQ:EA) by 60,219 shares to 76,719 shares, valued at $8.06M in 2017Q4, according to the filing. It also increased its holding in Jpmorgan Chase & Co. (NYSE:JPM) by 166,835 shares in the quarter, for a total of 241,995 shares, and has risen its stake in Cigna Corp. (NYSE:CI).

Analysts await U.S. Silica Holdings, Inc. (NYSE:SLCA) to report earnings on April, 24 before the open. They expect $0.47 earnings per share, up 422.22 % or $0.38 from last year’s $0.09 per share. SLCA’s profit will be $37.93 million for 14.91 P/E if the $0.47 EPS becomes a reality. After $0.51 actual earnings per share reported by U.S. Silica Holdings, Inc. for the previous quarter, Wall Street now forecasts -7.84 % negative EPS growth.

U.S. Silica Holdings, Inc. (NYSE:SLCA) Ratings Coverage

Among 16 analysts covering US Silica Holdings (NYSE:SLCA), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. US Silica Holdings had 32 analyst reports since November 3, 2017 according to SRatingsIntel. The rating was maintained by Citigroup on Friday, November 10 with “Buy”. RBC Capital Markets maintained U.S. Silica Holdings, Inc. (NYSE:SLCA) on Wednesday, November 8 with “Buy” rating. The firm earned “Neutral” rating on Thursday, February 22 by Citigroup. Cowen & Co maintained the shares of SLCA in report on Thursday, March 15 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Monday, January 8 report. On Thursday, April 5 the stock rating was maintained by Piper Jaffray with “Buy”. On Monday, November 20 the stock rating was upgraded by Barclays Capital to “Overweight”. FBR Capital maintained U.S. Silica Holdings, Inc. (NYSE:SLCA) on Tuesday, February 27 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Thursday, January 11. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, April 12.

U.S. Silica Holdings, Inc. (NYSE:SLCA) Ratings Chart

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