Covia (CVIA) Rating Increased to Hold at Zacks Investment Research
Covia (NASDAQ:CVIA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “Covia Holdings Corporation provides metal mining services. The Company produces low-iron nepheline syenite for glass, ceramics, paints, and plastics as well as offers quartz proppants for oil and natural gas simulation and recovery. It serves agriculture, construction, environment and sports sectors primarily in the United States. Covia Holdings Corporation is based in New Canaan, United States. “
Other equities research analysts have also recently issued reports about the company. Seaport Global Securities reiterated a “buy” rating on shares of Covia in a research note on Thursday, August 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $15.00 price target on shares of Covia in a research note on Friday, August 17th. Piper Jaffray Companies cut Covia from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 2nd. KeyCorp reiterated a “buy” rating and issued a $21.00 price target on shares of Covia in a research note on Thursday, August 16th. Finally, Johnson Rice cut 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 company has an average rating of “Hold” and an average target price of $13.50.
Covia (NASDAQ:CVIA) last released its quarterly earnings results on Wednesday, November 14th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The business had revenue of $523.40 million during the quarter, compared to the consensus estimate of $615.07 million. Covia’s revenue was up 50.5% compared to the same quarter last year.
In other news, Director William E. Conway acquired 20,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of $6.98 per share, with a total value of $139,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hedge funds have recently made changes to their positions in the company. Swiss National Bank acquired a new position in shares of Covia in the second quarter valued at about $1,014,000. Citadel Advisors LLC acquired a new position in shares of Covia in the second quarter valued at about $193,000. BlackRock Inc. acquired a new position in shares of Covia in the second quarter valued at about $39,270,000. American Securities LLC acquired a new position in shares of Covia in the second quarter valued at about $167,701,000. Finally, Skylands Capital LLC acquired a new position in shares of Covia in the third quarter valued at about $2,419,000.
There is no company description available for Covia Holdings Corp.
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