California Public Employees Retirement System lessened its holdings in shares of Covia Holdings (NASDAQ:CVIA) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 78,419 shares of the company’s stock after selling 5,981 shares during the period. California Public Employees Retirement System’s holdings in Covia were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of Covia by 16.5% during the third quarter. Alliancebernstein L.P. now owns 59,400 shares of the company’s stock worth $533,000 after purchasing an additional 8,400 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Covia during the fourth quarter worth $38,000. GSA Capital Partners LLP bought a new stake in shares of Covia during the third quarter worth $110,000. BlackRock Inc. grew its holdings in shares of Covia by 0.6% during the third quarter. BlackRock Inc. now owns 2,128,665 shares of the company’s stock worth $19,095,000 after purchasing an additional 12,785 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Covia by 48.2% during the fourth quarter. Rhumbline Advisers now owns 39,632 shares of the company’s stock worth $136,000 after purchasing an additional 12,881 shares during the last quarter.

Shares of CVIA opened at $6.04 on Thursday. Covia Holdings has a 12-month low of $3.23 and a 12-month high of $30.00.

Covia (NASDAQ:CVIA) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.09). The firm had revenue of $441.30 million during the quarter, compared to analyst estimates of $464.57 million. The company’s revenue for the quarter was up 31.4% on a year-over-year basis.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Covia from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Cowen lowered Covia from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 17th. OTR Global lowered Covia from a “positive” rating to a “negative” rating in a research note on Friday, December 21st. Finally, Barclays initiated coverage on Covia in a research note on Tuesday, March 12th. They set an “underweight” rating and a $4.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Covia has a consensus rating of “Hold” and a consensus target price of $12.55.

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Covia Profile

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.

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Institutional Ownership by Quarter for Covia (NASDAQ:CVIA)

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