Charah Solutions Inc (NYSE:CHRA) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 452,700 shares, a growth of 36.9% from the May 15th total of 330,800 shares. Based on an average trading volume of 83,800 shares, the days-to-cover ratio is currently 5.4 days. Approximately 5.8% of the shares of the stock are sold short.
A number of research firms recently weighed in on CHRA. Morgan Stanley set a $7.00 price target on shares of Charah Solutions and gave the stock a “buy” rating in a research report on Thursday, May 16th. Zacks Investment Research upgraded shares of Charah Solutions from a “sell” rating to a “hold” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.13.
NYSE:CHRA traded up $0.08 on Wednesday, hitting $5.50. The stock had a trading volume of 21,600 shares, compared to its average volume of 72,597. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.47 and a current ratio of 1.68. The firm has a market capitalization of $162.26 million and a PE ratio of 5.98. The stock has a fifty day moving average price of $5.23. Charah Solutions has a 1-year low of $3.95 and a 1-year high of $11.75.
Charah Solutions (NYSE:CHRA) last posted its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $163.26 million during the quarter, compared to analyst estimates of $152.30 million. Charah Solutions had a negative net margin of 1.67% and a positive return on equity of 15.25%. Analysts forecast that Charah Solutions will post 0.28 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in CHRA. Park West Asset Management LLC raised its stake in shares of Charah Solutions by 19.7% in the 4th quarter. Park West Asset Management LLC now owns 1,400,083 shares of the company’s stock valued at $11,691,000 after acquiring an additional 230,251 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Charah Solutions in the 4th quarter valued at approximately $833,000. BlackRock Inc. increased its position in shares of Charah Solutions by 22.4% in the 4th quarter. BlackRock Inc. now owns 346,763 shares of the company’s stock valued at $2,896,000 after purchasing an additional 63,460 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Charah Solutions in the 4th quarter valued at approximately $408,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in shares of Charah Solutions in the 4th quarter valued at approximately $240,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Charah Solutions Company Profile
Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.
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