Fmr LLC acquired a new stake in Covia Holdings (NASDAQ:CVIA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 210,200 shares of the company’s stock, valued at approximately $3,901,000. Fmr LLC owned 0.16% of Covia at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CVIA. Sterling Investment Advisors Ltd. acquired a new position in shares of Covia in the 2nd quarter valued at about $111,000. Russell Investments Group Ltd. acquired a new position in shares of Covia in the 2nd quarter valued at about $158,000. Strs Ohio acquired a new position in shares of Covia in the 2nd quarter valued at about $168,000. Legal & General Group Plc acquired a new position in shares of Covia in the 2nd quarter valued at about $232,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Covia in the 2nd quarter valued at about $279,000.
CVIA stock opened at $7.52 on Friday. Covia Holdings has a fifty-two week low of $7.22 and a fifty-two week high of $30.00.
Covia (NASDAQ:CVIA) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.62). The company had revenue of $508.42 million during the quarter, compared to analyst estimates of $595.59 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year.
A number of research analysts recently weighed in on CVIA shares. Piper Jaffray Companies started coverage on Covia in a research note on Monday, June 18th. They set an “overweight” rating and a $24.00 price target on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Covia in a research note on Friday, July 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $18.00 price target on shares of Covia in a research note on Wednesday, August 15th. Credit Suisse Group dropped their price target on Covia from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 15th. Finally, Cowen reaffirmed a “buy” rating and set a $19.00 price target on shares of Covia in a research note on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.00.
There is no company description available for Covia Holdings Corp.
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