BTG Pactual Asset Management US LLC Invests $1.08 Million in CEA Industries Inc. $BNC

BTG Pactual Asset Management US LLC purchased a new stake in CEA Industries Inc. (NASDAQ:BNC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 396,040 shares of the company’s stock, valued at approximately $1,077,000.

Other hedge funds have also recently bought and sold shares of the company. Saba Capital Management L.P. grew its holdings in shares of CEA Industries by 3.5% during the first quarter. Saba Capital Management L.P. now owns 1,143,533 shares of the company’s stock worth $3,339,000 after purchasing an additional 38,242 shares during the last quarter. Geode Capital Management LLC acquired a new position in CEA Industries during the 4th quarter worth about $3,236,000. Alyeska Investment Group L.P. bought a new stake in CEA Industries during the 4th quarter worth about $2,342,000. Arrington Capital Management LLC acquired a new stake in CEA Industries in the 4th quarter valued at about $2,058,000. Finally, State Street Corp acquired a new stake in CEA Industries in the 4th quarter valued at about $914,000.

CEA Industries Trading Up 2.7%

NASDAQ BNC opened at $3.09 on Tuesday. CEA Industries Inc. has a 12 month low of $1.84 and a 12 month high of $22.50. The stock has a 50-day simple moving average of $2.76 and a 200 day simple moving average of $2.94. The company has a market capitalization of $127.22 million, a PE ratio of 0.55 and a beta of 0.56.

CEA Industries (NASDAQ:BNC) last posted its earnings results on Tuesday, June 23rd. The company reported $6.20 earnings per share (EPS) for the quarter. CEA Industries had a return on equity of 81.62% and a net margin of 392.91%.The company had revenue of $7.35 million during the quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on BNC. Wall Street Zen lowered shares of CEA Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings upgraded CEA Industries from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CEA Industries Profile

CEA Industries Inc provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems. The company also provides air handling equipment and systems; LED lighting; benching and racking solutions for indoor cultivation; automation and control devices, systems, and technologies for environmental, lighting, and climate control applications; and preventive maintenance services for CEA facilities.