Enviva Inc. (NYSE:EVA) Position Boosted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in shares of Enviva Inc. (NYSE:EVA – Get Rating) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,223 shares of the energy company’s stock after purchasing an additional 1,220 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Enviva were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EVA. Lazard Asset Management LLC bought a new position in shares of Enviva during the 1st quarter valued at about $26,000. American International Group Inc. purchased a new stake in Enviva during the second quarter valued at about $27,000. Fiduciary Alliance LLC purchased a new stake in Enviva during the fourth quarter valued at about $40,000. Atticus Wealth Management LLC purchased a new stake in Enviva during the fourth quarter valued at about $48,000. Finally, CWM LLC lifted its stake in Enviva by 36.3% during the fourth quarter. CWM LLC now owns 1,175 shares of the energy company’s stock valued at $62,000 after buying an additional 313 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Activity at Enviva

In related news, Director Gerrit Livingston Jr. Lansing purchased 5,000 shares of the stock in a transaction on Friday, May 5th. The shares were bought at an average price of $7.65 per share, for a total transaction of $38,250.00. Following the completion of the acquisition, the director now directly owns 15,003 shares in the company, valued at approximately $114,772.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Gerrit Livingston Jr. Lansing purchased 5,000 shares of the stock in a transaction on Friday, May 5th. The shares were bought at an average price of $7.65 per share, for a total transaction of $38,250.00. Following the completion of the acquisition, the director now directly owns 15,003 shares in the company, valued at approximately $114,772.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John C. Bumgarner, Jr. purchased 20,000 shares of the stock in a transaction on Friday, May 19th. The shares were bought at an average price of $8.33 per share, for a total transaction of $166,600.00. Following the acquisition, the director now owns 315,763 shares of the company’s stock, valued at $2,630,305.79. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 127,000 shares of company stock valued at $1,281,610. 13.30% of the stock is currently owned by corporate insiders.

Enviva Price Performance

Shares of EVA opened at $8.67 on Tuesday. The firm has a market cap of $587.22 million, a PE ratio of -2.38 and a beta of 0.99. The firm’s 50 day moving average price is $21.05 and its 200 day moving average price is $39.82. The company has a debt-to-equity ratio of 10.81, a quick ratio of 0.40 and a current ratio of 0.80. Enviva Inc. has a twelve month low of $6.69 and a twelve month high of $80.65.

Enviva (NYSE:EVA – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The energy company reported ($1.72) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($1.15). The business had revenue of $269.08 million for the quarter, compared to the consensus estimate of $312.38 million. Enviva had a negative net margin of 21.22% and a negative return on equity of 61.64%. As a group, research analysts expect that Enviva Inc. will post -2.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EVA has been the subject of a number of analyst reports. Raymond James reduced their price objective on shares of Enviva from $65.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 5th. JPMorgan Chase & Co. reduced their price target on shares of Enviva from $61.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, March 3rd. StockNews.com raised shares of Enviva to a “sell” rating in a research report on Thursday, January 26th. Citigroup reduced their price target on shares of Enviva from $62.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, April 4th. Finally, TheStreet lowered shares of Enviva from a “c-” rating to a “d+” rating in a research report on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.60.

Enviva Company Profile

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Enviva, Inc engages in the production, process, and distribution of wood biomass to power generators. It offers wood pellets and wood chips which are used in coal-fired power generation and power plants. The company was founded on November 12, 2013 and is headquartered in Bethesda, MD.