Shepherd Kaplan Krochuk LLC purchased a new position in Charah Solutions Inc (NYSE:CHRA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,200 shares of the company’s stock, valued at approximately $144,000.

Several other hedge funds also recently made changes to their positions in CHRA. Sei Investments Co. bought a new stake in shares of Charah Solutions in the second quarter worth approximately $557,000. Dean Capital Investments Management LLC bought a new stake in shares of Charah Solutions in the second quarter worth approximately $547,000. American Century Companies Inc. bought a new stake in shares of Charah Solutions in the second quarter worth approximately $16,341,000. Spark Investment Management LLC bought a new stake in shares of Charah Solutions in the second quarter worth approximately $288,000. Finally, FMR LLC bought a new stake in shares of Charah Solutions in the second quarter worth approximately $7,658,000. Hedge funds and other institutional investors own 22.85% of the company’s stock.

Shares of NYSE CHRA opened at $6.18 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.06 and a current ratio of 1.24. Charah Solutions Inc has a 12-month low of $5.27 and a 12-month high of $12.00.

Charah Solutions (NYSE:CHRA) last announced its earnings results on Tuesday, November 13th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $186.00 million during the quarter, compared to analyst estimates of $202.00 million. Charah Solutions had a negative net margin of 2.12% and a positive return on equity of 14.85%. On average, equities research analysts expect that Charah Solutions Inc will post 0.63 EPS for the current year.

A number of analysts have recently commented on CHRA shares. Zacks Investment Research upgraded shares of Charah Solutions from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Thursday, November 15th. Morgan Stanley reduced their price target on shares of Charah Solutions from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 15th. Finally, Bank of America upgraded shares of Charah Solutions from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $11.75.

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About Charah Solutions

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry. It is involved in the development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management activities, including clean closure, cap-in-place, and design and construction of new ponds.

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Institutional Ownership by Quarter for Charah Solutions (NYSE:CHRA)

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