Renaissance Technologies LLC Decreases Stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Renaissance Technologies LLC decreased its holdings in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 65.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,796 shares of the industrial products company's stock after selling 65,000 shares during the quarter. Renaissance Technologies LLC owned about 0.22% of Perma-Fix Environmental Services worth $385,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Diamond Hill Capital Management Inc. grew its position in shares of Perma-Fix Environmental Services by 26.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 315,517 shares of the industrial products company's stock valued at $3,493,000 after purchasing an additional 65,761 shares in the last quarter. Geode Capital Management LLC grew its holdings in Perma-Fix Environmental Services by 14.0% in the 3rd quarter. Geode Capital Management LLC now owns 325,173 shares of the industrial products company's stock valued at $3,991,000 after buying an additional 39,977 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in shares of Perma-Fix Environmental Services by 4.2% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 746,942 shares of the industrial products company's stock worth $8,269,000 after acquiring an additional 30,000 shares during the period. Moody National Bank Trust Division purchased a new position in shares of Perma-Fix Environmental Services during the 4th quarter worth $277,000. Finally, Perkins Capital Management Inc. purchased a new stake in shares of Perma-Fix Environmental Services in the fourth quarter valued at about $277,000. 25.52% of the stock is currently owned by institutional investors and hedge funds.

Perma-Fix Environmental Services Price Performance

PESI stock opened at $8.99 on Monday. 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 quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 0.06. The stock has a market cap of $165.67 million, a price-to-earnings ratio of -8.25 and a beta of 0.18. The business has a fifty day moving average of $7.59 and a two-hundred day moving average of $10.33.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.10). Perma-Fix Environmental Services had a negative return on equity of 21.69% and a negative net margin of 24.44%. The business had revenue of $14.70 million for the quarter, compared to analyst estimates of $15.80 million.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Perma-Fix Environmental Services to a "sell" rating in a report on Tuesday, March 18th.

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.

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