WealthTrust Fairport LLC Buys New Stake in Covia Holdings (CVIA)

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WealthTrust Fairport LLC acquired a new stake in shares of Covia Holdings (NASDAQ:CVIA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,813 shares of the company’s stock, valued at approximately $164,000.

Other large investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. bought a new stake in Covia in the 2nd quarter valued at approximately $111,000. Cubist Systematic Strategies LLC bought a new stake in Covia in the 2nd quarter valued at approximately $117,000. Russell Investments Group Ltd. bought a new stake in Covia in the 2nd quarter valued at approximately $158,000. Strs Ohio acquired a new position in shares of Covia during the 2nd quarter worth approximately $168,000. Finally, Citadel Advisors LLC acquired a new position in shares of Covia during the 2nd quarter worth approximately $193,000.

Shares of CVIA stock traded down $0.12 during trading on Friday, reaching $7.52. 655,372 shares of the company’s stock were exchanged, compared to its average volume of 536,531. Covia Holdings has a twelve month low of $7.22 and a twelve month high of $30.00.

Covia (NASDAQ:CVIA) last posted its 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 previous year, the firm earned $0.25 earnings per share. The company’s revenue was up 56.9% compared to the same quarter last year.

CVIA has been the topic of several recent analyst reports. Seaport Global Securities reaffirmed a “buy” rating on shares of Covia in a research report on Thursday, August 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $18.00 price target on shares of Covia in a research report on Wednesday, August 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.50 price target on shares of Covia in a research report on Friday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price target on shares of Covia in a research report on Friday, August 17th. Finally, KeyCorp reaffirmed a “buy” rating and set a $21.00 price target on shares of Covia in a research report on Thursday, August 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.00.

Covia Profile

There is no company description available for Covia Holdings Corp.

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Institutional Ownership by Quarter for Covia (NASDAQ:CVIA)

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