Heartland Advisors Inc. Grows Holdings in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Key Points

• Heartland Advisors Inc. increased its stake in Perma-Fix Environmental Services by 13.9%, owning 455,400 shares worth approximately $3.31 million as of the latest SEC filing.
• Perma-Fix Environmental Services' shares were recently upgraded from a "sell" to a "hold" rating, indicating a shift in analyst sentiment.
• The company reported a loss of $0.19 EPS for the last quarter, missing the consensus estimate, and had revenues of $13.92 million, falling short of $15.30 million.

Heartland Advisors Inc. increased its position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 13.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 455,400 shares of the industrial products company's stock after buying an additional 55,400 shares during the period. Heartland Advisors Inc. owned 2.47% of Perma-Fix Environmental Services worth $3,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Prescott Group Capital Management L.L.C. raised its stake in Perma-Fix Environmental Services by 4.0% during the first quarter. Prescott Group Capital Management L.L.C. now owns 777,142 shares of the industrial products company's stock worth $5,650,000 after buying an additional 30,200 shares during the last quarter. Brookwood Investment Group LLC bought a new position in Perma-Fix Environmental Services during the first quarter worth $122,000. Diamond Hill Capital Management Inc. raised its stake in Perma-Fix Environmental Services by 32.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 416,662 shares of the industrial products company's stock worth $3,029,000 after buying an additional 101,145 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Perma-Fix Environmental Services by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 33,883 shares of the industrial products company's stock worth $246,000 after buying an additional 1,757 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Perma-Fix Environmental Services by 18.4% during the first quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company's stock worth $125,000 after buying an additional 2,671 shares during the last quarter. Institutional investors own 25.52% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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 Stock Down 3.9%

Shares of NASDAQ PESI traded down $0.47 during mid-day trading on Wednesday, reaching $11.58. 58,268 shares of the company's stock traded hands, compared to its average volume of 149,300. The stock has a market cap of $213.65 million, a P/E ratio of -9.24 and a beta of 0.28. The business has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $9.38. 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 debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.12.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). The business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.30 million. Perma-Fix Environmental Services had a negative net margin of 33.65% and a negative return on equity of 24.56%. During the same quarter in the prior year, the business earned ($0.25) earnings per share.

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.