Federated Hermes Inc. Increases Stock Holdings in Enviva Inc. (NYSE:EVA)

Federated Hermes Inc. increased its stake in shares of Enviva Inc. (NYSE:EVA) by 779.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,233 shares of the energy company’s stock after purchasing an additional 282,051 shares during the period. Federated Hermes Inc.’s holdings in Enviva were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EVA. Quantbot Technologies LP acquired a new stake in shares of Enviva during the third quarter valued at $35,000. AXQ Capital LP acquired a new stake in shares of Enviva during the 3rd quarter worth about $261,000. Hsbc Holdings PLC purchased a new stake in shares of Enviva during the third quarter worth about $298,000. Teza Capital Management LLC raised its position in shares of Enviva by 37.1% in the third quarter. Teza Capital Management LLC now owns 41,278 shares of the energy company’s stock valued at $308,000 after buying an additional 11,170 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Enviva during the fourth quarter valued at approximately $44,000. 77.83% of the stock is owned by institutional investors and hedge funds.

Enviva Price Performance

EVA stock opened at $0.51 on Friday. Enviva Inc. has a 52-week low of $0.25 and a 52-week high of $14.17. The stock’s fifty day simple moving average is $0.47 and its 200-day simple moving average is $1.06. The stock has a market capitalization of $37.97 million, a price-to-earnings ratio of -0.10 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 6.89.

Enviva Profile

Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.