Covalis Capital LLP recently announced the acquisition of new stake in Enviva Inc (NYSE:EVA). The institutional investor has increased its shareholding in the Basic Materials company by 16.29% to 1.96 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 2.63% valued currently at $1.95 million. In addition, American Century Investment Manag raised its holdings by 2481.0 to 1.53 million shares. And Keyframe Capital Partners LP has lifted its position by 121.88% or 0.75 million shares – to 1.37 million shares.
Currently, there are 66.97M common shares owned by the public and among those 38.82M shares have been available to trade.
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Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 68 of these insider trades were purchases, accounting for 10,833,334 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 2,300,326 shares.
The top 3 mutual fund holders in Enviva Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 0.93 million shares of the company’s stock, all valued at over $0.93 million. iShares Russell 2000 ETF sold 2178.0 shares to see its total holdings shrink to 0.82 million shares valued at over $0.82 million and representing 1.10% of the shares outstanding. Vanguard Extended Market Index Fu bought 80300.0 shares to bring its total holdings to over 0.52 million shares at a value of $0.52 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.70% of the shares outstanding.
However, the script later moved the day high at 0.8300, up 4.74%. The company’s stock has a 5-day price change of 59.49% and -83.71% over the past three months. EVA shares are trading -39.15% year to date (YTD), with the 12-month market performance down to -98.67% lower. It has a 12-month low price of $0.33 and touched a high of $48.68 over the same period. EVA has an average intraday trading volume of 3.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.82%, -40.05%, and -92.38% respectively.
Institutional ownership of Enviva Inc (NYSE: EVA) shares accounts for 35.93% of the company’s 66.97M shares outstanding. Mutual fund holders own 65.40%, while other institutional holders and individual stakeholders account for 8.32% and 27.63% respectively.
It has a market capitalization of $45.14M and a beta (3y monthly) value of 0.89. The earnings-per-share (ttm) stands at -$4.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 35.27% over the week and 24.18% over the month.
Analysts forecast that Enviva Inc (EVA) will achieve an EPS of -$1.21 for the current quarter, -$0.58 for the next quarter and -$1.82 for 2024. The lowest estimate earnings-per-share for the quarter is -$2.41 while analysts give the company a high EPS estimate of -$0.47. Comparatively, EPS for the current quarter was -$0.75 a year ago. Earnings per share for the fiscal year are expected to decrease by -89.31%, and 62.12% over the next financial year.
