GatePass Capital LLC cut its position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI – Free Report) by 54.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,742 shares of the industrial products company’s stock after selling 35,000 shares during the quarter. GatePass Capital LLC owned 0.16% of Perma-Fix Environmental Services worth $318,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Perma-Fix Environmental Services by 102.9% in the third quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,699 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at approximately $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Perma-Fix Environmental Services by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 1,515 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Perma-Fix Environmental Services in the 1st quarter worth approximately $77,000. Finally, MetLife Investment Management LLC grew its position in Perma-Fix Environmental Services by 171.6% during the 4th quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 5,784 shares in the last quarter. 25.52% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on PESI. Weiss Ratings upgraded Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Wall Street Zen downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Perma-Fix Environmental Services Price Performance
PESI opened at $17.46 on Friday. The stock has a fifty day moving average price of $11.42 and a 200 day moving average price of $12.63. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Perma-Fix Environmental Services, Inc. has a 1 year low of $8.02 and a 1 year high of $18.40. The stock has a market cap of $370.15 million, a price-to-earnings ratio of -18.19 and a beta of 0.45.
Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $11.13 million for the quarter, compared to analyst estimates of $12.95 million. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%.
About Perma-Fix Environmental Services
Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.
Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.
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