Insider Buying: Charah Solutions, Inc. (NYSE:CHRA) Major Shareholder Acquires $247,200.00 in Stock

Charah Solutions, Inc. (NYSE:CHRAGet Rating) major shareholder Energy Services Fund Ugp Bcp bought 240,000 shares of Charah Solutions stock in a transaction on Tuesday, November 22nd. The stock was purchased at an average price of $1.03 per share, with a total value of $247,200.00. Following the completion of the acquisition, the insider now directly owns 7,597,932 shares of the company’s stock, valued at approximately $7,825,869.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Energy Services Fund Ugp Bcp also recently made the following trade(s):

  • On Thursday, November 17th, Energy Services Fund Ugp Bcp bought 360,000 shares of Charah Solutions stock. The stock was purchased at an average price of $0.62 per share, with a total value of $223,200.00.

Charah Solutions Stock Performance

CHRA opened at $1.03 on Friday. Charah Solutions, Inc. has a 52-week low of $0.52 and a 52-week high of $5.81. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 21.67. The company has a market cap of $34.73 million, a P/E ratio of -0.84 and a beta of 0.64. The firm’s 50-day moving average price is $1.66 and its 200-day moving average price is $2.91.

Hedge Funds Weigh In On Charah Solutions

A number of institutional investors have recently bought and sold shares of CHRA. B. Riley Financial Inc. acquired a new stake in Charah Solutions during the 1st quarter valued at approximately $14,416,000. Portolan Capital Management LLC raised its holdings in shares of Charah Solutions by 2.4% during the first quarter. Portolan Capital Management LLC now owns 3,591,972 shares of the company’s stock worth $17,924,000 after purchasing an additional 83,025 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Charah Solutions by 22.3% during the first quarter. Vanguard Group Inc. now owns 606,052 shares of the company’s stock worth $3,024,000 after purchasing an additional 110,470 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Charah Solutions by 14.5% during the first quarter. Sei Investments Co. now owns 228,651 shares of the company’s stock worth $1,141,000 after purchasing an additional 29,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Charah Solutions by 1,324,018.2% during the second quarter. JPMorgan Chase & Co. now owns 145,653 shares of the company’s stock worth $545,000 after purchasing an additional 145,642 shares during the last quarter. 35.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRA has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Charah Solutions from $7.50 to $2.00 in a report on Wednesday, November 16th. Bank of America restated an “underperform” rating on shares of Charah Solutions in a report on Wednesday, October 26th.

About Charah Solutions

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Charah Solutions, Inc provides environmental services to the power generation industry in the United States. The company offers remediation and compliance services, including environmental management of landfills for coal-fired power generation facilities and new and existing ash ponds; and active pond management services, such as closure by removal, cap-in-place, and design and construction of new ponds.

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