Covia Holdings (CVIA) Given Consensus Rating of “Hold” by Analysts
Covia Holdings (NASDAQ:CVIA) has been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.00.
Several equities analysts recently weighed in on CVIA shares. Zacks Investment Research downgraded Covia from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Barclays started coverage on Covia in a research report on Tuesday, March 12th. They set an “underweight” rating and a $4.00 target price on the stock.
NASDAQ CVIA traded up $0.10 during trading hours on Friday, hitting $3.01. 524,408 shares of the company’s stock were exchanged, compared to its average volume of 464,023. Covia has a 12-month low of $2.75 and a 12-month high of $30.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Covia by 946.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 637,927 shares of the company’s stock worth $3,566,000 after purchasing an additional 576,985 shares during the period. Marshall Wace LLP purchased a new position in shares of Covia in the 1st quarter worth about $261,000. Trexquant Investment LP purchased a new position in shares of Covia in the 1st quarter worth about $183,000. The Manufacturers Life Insurance Company raised its holdings in shares of Covia by 104.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 22,925 shares of the company’s stock worth $128,000 after purchasing an additional 11,717 shares during the period. Finally, Hunter Associates Investment Management LLC raised its holdings in shares of Covia by 10.3% in the 1st quarter. Hunter Associates Investment Management LLC now owns 79,230 shares of the company’s stock worth $443,000 after purchasing an additional 7,420 shares during the period.
Covia Holdings Corporation provides minerals and material solutions for the industrial and energy markets. The company offers various mineral solutions to the glass, ceramics, coatings, polymers, construction, water filtration, sports, and recreation markets. It also offers a range of high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, lime, resin systems, and coated materials.
Featured Article: What is the Russell 2000 Index?
Receive News & Ratings for Covia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covia and related companies with MarketBeat.com's FREE daily email newsletter.