Ardsley Advisory Partners LP Purchases New Stake in Everus (NYSE:ECG)

Ardsley Advisory Partners LP bought a new position in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,500 shares of the company's stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ECG. AYAL Capital Advisors Ltd bought a new position in shares of Everus in the 4th quarter worth about $7,167,000. 1060 Capital LLC bought a new stake in Everus in the fourth quarter worth approximately $5,918,000. Jane Street Group LLC acquired a new position in Everus in the fourth quarter valued at approximately $1,649,000. Comerica Bank bought a new position in shares of Everus during the 4th quarter worth approximately $1,791,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Everus during the 4th quarter worth approximately $1,540,000.

Everus Stock Performance

ECG stock traded up $0.08 during midday trading on Tuesday, reaching $45.48. 400,006 shares of the company's stock traded hands, compared to its average volume of 720,951. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $38.84. Everus has a 52 week low of $31.38 and a 52 week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Analysts forecast that Everus will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ECG has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th.

Insider Activity at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares of the company's stock, valued at $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maximillian J. Marcy bought 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now owns 5,508 shares of the company's stock, valued at $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,750 shares of company stock valued at $153,853 over the last 90 days. Insiders own 0.21% of the company's stock.

Everus Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.