Alyeska Investment Group L.P. Lowers Stake in Perma-Fix Environmental Services, Inc. $PESI

Key Points

• Alyeska Investment Group L.P. cut its holdings in Perma-Fix Environmental Services, Inc. by 78.9%, selling 552,583 shares during the first quarter.
• Perma-Fix Environmental Services reported a negative EPS of $0.14 for the quarter and missed its revenue target by $1.81 million, generating $14.59 million instead of the estimated $16.40 million.
• The company has recently received an upgrade from a "sell" to a "hold" rating by Wall Street Zen as part of updated analyst coverage.

Alyeska Investment Group L.P. reduced its stake in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 78.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,417 shares of the industrial products company's stock after selling 552,583 shares during the period. Alyeska Investment Group L.P. owned approximately 0.80% of Perma-Fix Environmental Services worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ancora Advisors LLC lifted its position in Perma-Fix Environmental Services by 92.8% during the first quarter. Ancora Advisors LLC now owns 157,845 shares of the industrial products company's stock valued at $1,148,000 after purchasing an additional 75,967 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Perma-Fix Environmental Services during the first quarter valued at $77,000. Corebridge Financial Inc. raised its position in shares of Perma-Fix Environmental Services by 14.7% in the first quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company's stock worth $60,000 after acquiring an additional 1,061 shares during the period. Pale Fire Capital SE acquired a new position in shares of Perma-Fix Environmental Services in the first quarter worth about $73,000. Finally, CW Advisors LLC acquired a new position in shares of Perma-Fix Environmental Services in the first quarter worth about $149,000. 25.52% of the stock is currently owned by institutional investors and hedge funds.

Perma-Fix Environmental Services Price Performance

NASDAQ PESI traded down $1.90 during trading hours on Thursday, hitting $8.16. 649,968 shares of the company's stock traded hands, compared to its average volume of 157,217. Perma-Fix Environmental Services, Inc. has a 52-week low of $6.25 and a 52-week high of $16.25. The company has a market capitalization of $150.73 million, a PE ratio of -7.33 and a beta of 0.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 1.97. The firm's 50-day moving average is $11.57 and its 200-day moving average is $9.72.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%. The company had revenue of $14.59 million during the quarter, compared to analysts' expectations of $16.40 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Perma-Fix Environmental Services from a "sell" rating to a "hold" rating in a research report on Friday, June 6th.

Perma-Fix Environmental Services Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.