Perma-Fix Environmental Services, Inc. $PESI Stock Position Boosted by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC increased its stake in Perma-Fix Environmental Services by 92.8% during the first quarter, holding 157,845 shares valued at approximately $1.15 million.
• Several other institutional investors also raised their positions, with Deutsche Bank AG increasing its holdings by an astounding 4,235.9% in the fourth quarter.
• Perma-Fix's most recent earnings report showed an earnings per share (EPS) of ($0.14), matching analysts' estimates but falling short of revenue expectations with $14.59 million in revenue against the $16.40 million anticipated.

Ancora Advisors LLC increased its holdings in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 92.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,845 shares of the industrial products company's stock after purchasing an additional 75,967 shares during the quarter. Ancora Advisors LLC owned approximately 0.86% of Perma-Fix Environmental Services worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Corebridge Financial Inc. increased its position in shares of Perma-Fix Environmental Services by 14.7% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Perma-Fix Environmental Services by 21.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company's stock worth $92,000 after purchasing an additional 1,479 shares during the period. Bank of New York Mellon Corp raised its holdings in Perma-Fix Environmental Services by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 33,883 shares of the industrial products company's stock worth $246,000 after purchasing an additional 1,757 shares during the period. Barclays PLC raised its holdings in shares of Perma-Fix Environmental Services by 10.6% during the fourth quarter. Barclays PLC now owns 23,014 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 2,208 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Perma-Fix Environmental Services by 18.4% in the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company's stock worth $125,000 after purchasing an additional 2,671 shares in the last quarter. 25.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Trading Down 1.3%

Shares of NASDAQ PESI traded down $0.14 during midday trading on Wednesday, hitting $9.90. The stock had a trading volume of 348,663 shares, compared to its average volume of 152,996. Perma-Fix Environmental Services, Inc. has a 1-year low of $6.25 and a 1-year high of $16.25. The company has a market capitalization of $182.76 million, a price-to-earnings ratio of -8.76 and a beta of 0.28. The company has a quick ratio of 1.97, a current ratio of 2.04 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $11.59 and a 200 day moving average price of $9.72.

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

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.