Prescott Group Capital Management L.L.C. lessened its holdings in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI – Free Report) by 76.8% in the third quarter, HoldingsChannel.com reports. The firm owned 180,492 shares of the industrial products company’s stock after selling 596,650 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Perma-Fix Environmental Services were worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Perma-Fix Environmental Services by 3.5% during the 1st quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 1,524 shares during the period. Pale Fire Capital SE grew its position in Perma-Fix Environmental Services by 12.5% in the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 5,406 shares during the last quarter. Corsair Capital Management L.P. increased its stake in shares of Perma-Fix Environmental Services by 73.9% in the first quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 16,000 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $544,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $9,182,000. 25.52% of the stock is currently owned by institutional investors and hedge funds.
Perma-Fix Environmental Services Stock Up 1.3%
Shares of NASDAQ PESI opened at $13.05 on Wednesday. The firm’s 50-day simple moving average is $15.57 and its 200 day simple moving average is $13.89. Perma-Fix Environmental Services, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $21.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.58 and a current ratio of 1.67.
Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last announced its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). The company had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%. On average, equities research analysts predict that Perma-Fix Environmental Services, Inc. will post -1.02 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on PESI. Zacks Research upgraded Perma-Fix Environmental Services to a “hold” rating in a research report on Friday, October 2nd. Wall Street Zen lowered Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
View Our Latest Research Report on PESI
About Perma-Fix Environmental Services
Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.
Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.
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