Ancora Advisors LLC Purchases Shares of 15,000 Covia Holdings (CVIA)

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Ancora Advisors LLC purchased a new stake in Covia Holdings (NASDAQ:CVIA) during the 3rd quarter, Holdings Channel reports. The fund purchased 15,000 shares of the company’s stock, valued at approximately $135,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Covia in the second quarter valued at approximately $117,000. Russell Investments Group Ltd. bought a new stake in shares of Covia in the second quarter valued at approximately $158,000. WealthTrust Fairport LLC bought a new stake in shares of Covia in the second quarter valued at approximately $164,000. Strs Ohio bought a new stake in shares of Covia in the second quarter valued at approximately $168,000. Finally, Citadel Advisors LLC purchased a new position in Covia during the second quarter valued at approximately $193,000.

Shares of NASDAQ:CVIA opened at $5.26 on Friday. Covia Holdings has a 12 month low of $4.59 and a 12 month high of $30.00.

Covia (NASDAQ:CVIA) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). The company had revenue of $523.40 million for the quarter, compared to the consensus estimate of $615.07 million. Covia’s revenue was up 50.5% on a year-over-year basis.

In related news, Director William E. Conway purchased 20,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $6.98 per share, with a total value of $139,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Several equities analysts recently commented on CVIA shares. Cowen reaffirmed a “buy” rating and set a $19.00 price objective on shares of Covia in a research note on Thursday, August 16th. B. Riley reduced their price objective on shares of Covia from $15.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, November 20th. KeyCorp reaffirmed a “buy” rating and set a $21.00 price objective on shares of Covia in a research note on Thursday, August 16th. Zacks Investment Research cut shares of Covia from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Finally, Johnson Rice cut shares of Covia from an “accumulate” rating to a “hold” rating in a research note on Monday, August 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.50.

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Covia Company Profile

There is no company description available for Covia Holdings Corp.

See Also: How Important is Technical Analysis of Stocks

Want to see what other hedge funds are holding CVIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Covia Holdings (NASDAQ:CVIA).

Institutional Ownership by Quarter for Covia (NASDAQ:CVIA)

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