Deltec Asset Management LLC Sells 87,999 Shares of Enviva Inc. (NYSE:EVA)

Deltec Asset Management LLC lessened its holdings in shares of Enviva Inc. (NYSE:EVA) by 44.0% in the second quarter, HoldingsChannel.com reports. The fund owned 112,001 shares of the energy company’s stock after selling 87,999 shares during the period. Deltec Asset Management LLC’s holdings in Enviva were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EVA. Neuberger Berman Group LLC purchased a new stake in Enviva in the fourth quarter worth approximately $29,000. SG Americas Securities LLC bought a new stake in shares of Enviva in the 4th quarter worth approximately $44,000. Aurora Private Wealth Inc. grew its holdings in shares of Enviva by 329.2% during the 4th quarter. Aurora Private Wealth Inc. now owns 45,500 shares of the energy company’s stock valued at $45,000 after purchasing an additional 34,900 shares during the last quarter. Norden Group LLC bought a new position in shares of Enviva during the 1st quarter valued at $40,000. Finally, CastleKnight Management LP purchased a new position in Enviva in the 4th quarter worth $252,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Enviva Price Performance

NYSE EVA traded down $0.00 during trading on Wednesday, hitting $0.43. 103,147 shares of the company’s stock traded hands, compared to its average volume of 2,017,189. The stock has a fifty day moving average of $0.45 and a two-hundred day moving average of $0.47. Enviva Inc. has a 12-month low of $0.25 and a 12-month high of $11.11. The firm has a market cap of $31.68 million, a P/E ratio of -0.09 and a beta of 0.81.

About Enviva

Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.