CenterBook Partners LP Purchases 358,804 Shares of Perma-Fix Environmental Services, Inc. $PESI

Key Points

• CenterBook Partners acquired 358,804 Perma-Fix shares in the third quarter, worth about $5.6 million and representing approximately 1.69% of the company. Institutional investors overall own 25.52% of the stock.
• Perma-Fix reported a quarterly loss of $0.16 per share, beating the consensus estimate of a $0.21 loss, while revenue of $17.95 million also exceeded estimates.
• Analyst sentiment remains cautious: ratings cited in the article include one Hold and one Sell, for a MarketBeat average of “Reduce.”

CenterBook Partners LP acquired a new stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 358,804 shares of the industrial products company's stock, valued at approximately $5,615,000. CenterBook Partners LP owned approximately 1.69% of Perma-Fix Environmental Services at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Perma-Fix Environmental Services by 3.5% in the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company's stock worth $483,000 after buying an additional 1,524 shares in the last quarter. Pale Fire Capital SE raised its position in shares of Perma-Fix Environmental Services by 12.5% in the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company's stock valued at $520,000 after purchasing an additional 5,406 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in Perma-Fix Environmental Services by 73.9% in the 1st quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company's stock worth $402,000 after purchasing an additional 16,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Perma-Fix Environmental Services in the 2nd quarter worth approximately $544,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Perma-Fix Environmental Services in the 2nd quarter worth approximately $9,182,000. 25.52% of the stock is currently owned by institutional investors.

Perma-Fix Environmental Services Price Performance

PESI traded up $1.21 during midday trading on Friday, hitting $14.05. 358,495 shares of the company traded hands, compared to its average volume of 309,476. The company has a market capitalization of $298.14 million, a price-to-earnings ratio of -11.81 and a beta of 0.59. Perma-Fix Environmental Services, Inc. has a 52-week low of $8.58 and a 52-week high of $21.32. The business has a 50 day simple moving average of $15.26 and a two-hundred day simple moving average of $13.87. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The industrial products company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.05. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%. The company had revenue of $17.95 million during the quarter, compared to analyst estimates of $14.90 million. On average, equities analysts forecast that Perma-Fix Environmental Services, Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PESI shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. Wall Street Zen upgraded Perma-Fix Environmental Services from a "strong sell" rating to a "sell" rating in a research report on Saturday. Finally, Zacks Research upgraded shares of Perma-Fix Environmental Services to a "hold" rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce".

Perma-Fix Environmental Services Profile

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.

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