Charles E. Price Sells 34,773 Shares of Charah Solutions Inc (NYSE:CHRA) Stock

Charah Solutions Inc (NYSE:CHRA) major shareholder Charles E. Price sold 34,773 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $2.16, for a total value of $75,109.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of CHRA stock remained flat at $$2.05 during trading hours on Friday. The stock had a trading volume of 202 shares, compared to its average volume of 54,554. Charah Solutions Inc has a 52 week low of $1.76 and a 52 week high of $8.65. The company has a market cap of $69.32 million, a price-to-earnings ratio of 2.23 and a beta of 0.16. The stock’s 50 day moving average is $2.13 and its two-hundred day moving average is $3.58. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.62.

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price objective on Charah Solutions from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. ValuEngine raised Charah Solutions from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. First Analysis cut their price objective on Charah Solutions from $8.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Zacks Investment Research raised Charah Solutions from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.94.

Hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Charah Solutions by 5.6% in the 2nd quarter. Northern Trust Corp now owns 97,867 shares of the company’s stock valued at $538,000 after purchasing an additional 5,173 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Charah Solutions in the 2nd quarter valued at approximately $69,000. BlackRock Inc. grew its stake in shares of Charah Solutions by 34.1% in the 2nd quarter. BlackRock Inc. now owns 451,176 shares of the company’s stock valued at $2,482,000 after purchasing an additional 114,819 shares during the period. Vanguard Group Inc. grew its stake in shares of Charah Solutions by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 410,948 shares of the company’s stock valued at $2,261,000 after purchasing an additional 23,838 shares during the period. Finally, Skylands Capital LLC bought a new stake in shares of Charah Solutions in the 2nd quarter valued at approximately $1,823,000. Institutional investors own 23.62% of the company’s stock.

Charah Solutions Company Profile

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

Receive News & Ratings for Charah Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charah Solutions and related companies with MarketBeat.com's FREE daily email newsletter.