Perma-Fix Environmental Services, Inc. $PESI Shares Sold by Alyeska Investment Group L.P.

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. decreased its holdings in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 78.9% during the first quarter, according to its most recent filing with the SEC. 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 0.80% of Perma-Fix Environmental Services worth $1,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Perma-Fix Environmental Services in the 1st quarter worth approximately $33,000. Corebridge Financial Inc. boosted its holdings in shares of Perma-Fix Environmental Services by 14.7% in the 1st quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 1,061 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Perma-Fix Environmental Services by 21.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 1,479 shares during the last quarter. Pale Fire Capital SE purchased a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at $73,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Perma-Fix Environmental Services in the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 25.52% of the company's stock.

Perma-Fix Environmental Services Stock Up 11.4%

PESI stock traded up $0.93 during midday trading on Friday, hitting $9.12. The company's stock had a trading volume of 662,774 shares, compared to its average volume of 235,502. The company has a quick ratio of 1.97, a current ratio of 2.04 and a debt-to-equity ratio of 0.03. Perma-Fix Environmental Services, Inc. has a 52-week low of $6.25 and a 52-week high of $16.25. The firm has a market capitalization of $168.45 million, a P/E ratio of -8.07 and a beta of 0.28. The firm has a 50-day simple moving average of $11.47 and a 200-day simple moving average of $9.73.

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

Wall Street Analyst Weigh In

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

Perma-Fix Environmental Services Company 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.