Bank of America Corp DE Raises Stock Holdings in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Bank of America Corp DE lifted its stake in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,789 shares of the industrial products company’s stock after acquiring an additional 3,803 shares during the period. Bank of America Corp DE owned 0.09% of Perma-Fix Environmental Services worth $164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in Perma-Fix Environmental Services by 4,300.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 4,300 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Perma-Fix Environmental Services by 23.5% during the fourth quarter. Rhumbline Advisers now owns 14,533 shares of the industrial products company’s stock worth $161,000 after buying an additional 2,766 shares in the last quarter. Heights Capital Management Inc. acquired a new position in shares of Perma-Fix Environmental Services in the fourth quarter valued at approximately $221,000. Barclays PLC lifted its stake in shares of Perma-Fix Environmental Services by 10.6% during the fourth quarter. Barclays PLC now owns 23,014 shares of the industrial products company’s stock valued at $255,000 after buying an additional 2,208 shares during the period. Finally, Perkins Capital Management Inc. purchased a new position in shares of Perma-Fix Environmental Services during the fourth quarter valued at approximately $277,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

Analyst Upgrades and Downgrades

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 Performance

Perma-Fix Environmental Services stock opened at $9.98 on Monday. The stock has a fifty day moving average price of $9.18 and a 200 day moving average price of $9.44. Perma-Fix Environmental Services, Inc. has a 52 week low of $6.25 and a 52 week high of $16.25. The firm has a market capitalization of $184.08 million, a P/E ratio of -9.16 and a beta of 0.30. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 0.06.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings data on Thursday, May 8th. The industrial products company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). Perma-Fix Environmental Services had a negative net margin of 24.44% and a negative return on equity of 21.69%. The company had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.30 million. During the same period in the prior year, the company earned ($0.25) EPS.

Perma-Fix Environmental Services Company 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.