United Services Automobile Association Takes $2.15 Million Position in Covia Holdings (CVIA)

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United Services Automobile Association acquired a new position in shares of Covia Holdings (NASDAQ:CVIA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 115,665 shares of the company’s stock, valued at approximately $2,147,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sterling Investment Advisors Ltd. acquired a new position in shares of Covia during the 2nd quarter worth about $111,000. Cubist Systematic Strategies LLC acquired a new position in shares of Covia during the 2nd quarter worth about $117,000. Russell Investments Group Ltd. acquired a new position in shares of Covia during the 2nd quarter worth about $158,000. WealthTrust Fairport LLC acquired a new position in shares of Covia during the 2nd quarter worth about $164,000. Finally, Strs Ohio acquired a new position in shares of Covia during the 2nd quarter worth about $168,000.

Covia stock opened at $6.40 on Friday. Covia Holdings has a 12 month low of $6.35 and a 12 month high of $30.00.

Covia (NASDAQ:CVIA) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.62). The business had revenue of $508.42 million during the quarter, compared to analysts’ expectations of $595.59 million. The firm’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share.

Several equities analysts recently weighed in on CVIA shares. Morgan Stanley started coverage on Covia in a research report on Tuesday, September 18th. They set an “equal weight” rating and a $11.00 price objective for the company. Credit Suisse Group cut Covia from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $14.00 to $7.50 in a research report on Wednesday, October 3rd. Bank of America started coverage on Covia in a research report on Wednesday. They set an “underperform” rating for the company. Piper Jaffray Companies reissued a “buy” rating and set a $17.50 price objective on shares of Covia in a research report on Friday, August 17th. Finally, Wells Fargo & Co started coverage on Covia in a research report on Friday, September 14th. They set a “market perform” rating and a $11.00 price objective for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.22.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Covia (NASDAQ:CVIA)

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