Charah Solutions, Inc. (NYSE:CHRA) Major Shareholder Energy Services Fund Ugp Bcp Buys 360,000 Shares

Charah Solutions, Inc. (NYSE:CHRAGet Rating) major shareholder Energy Services Fund Ugp Bcp acquired 360,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was purchased at an average cost of $0.62 per share, for a total transaction of $223,200.00. Following the completion of the acquisition, the insider now directly owns 7,200,528 shares of the company’s stock, valued at approximately $4,464,327.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Charah Solutions Stock Down 3.0 %

Charah Solutions stock opened at $0.67 on Friday. The firm has a market cap of $22.57 million, a price-to-earnings ratio of -0.55 and a beta of 0.64. Charah Solutions, Inc. has a 52 week low of $0.52 and a 52 week high of $5.81. The business’s 50-day moving average price is $1.79 and its 200 day moving average price is $2.99. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 21.67.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America reissued an “underperform” rating on shares of Charah Solutions in a report on Wednesday, October 26th. Stifel Nicolaus dropped their target price on Charah Solutions from $7.50 to $2.00 in a report on Wednesday.

Institutional Trading of Charah Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its holdings in Charah Solutions by 32.9% during the first quarter. State Street Corp now owns 28,830 shares of the company’s stock worth $144,000 after acquiring an additional 7,130 shares during the period. Bank of America Corp DE grew its holdings in Charah Solutions by 28.1% during the first quarter. Bank of America Corp DE now owns 56,296 shares of the company’s stock worth $281,000 after acquiring an additional 12,348 shares during the period. Sei Investments Co. boosted its position in Charah Solutions by 8.2% during the second quarter. Sei Investments Co. now owns 247,308 shares of the company’s stock worth $925,000 after purchasing an additional 18,657 shares in the last quarter. Citadel Advisors LLC purchased a new position in Charah Solutions during the third quarter worth approximately $74,000. Finally, Jane Street Group LLC purchased a new position in Charah Solutions during the third quarter worth approximately $106,000. 35.56% of the stock is owned by institutional investors and hedge funds.

About Charah Solutions

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Charah Solutions, Inc provides environmental services to the power generation industry in the United States. The company offers remediation and compliance services, including environmental management of landfills for coal-fired power generation facilities and new and existing ash ponds; and active pond management services, such as closure by removal, cap-in-place, and design and construction of new ponds.

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