Oppenheimer & Co. Inc. raised its stake in Covanta Holding Corp (NYSE:CVA) by 33.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 47,172 shares of the energy company’s stock after acquiring an additional 11,767 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Covanta were worth $797,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in Covanta in the fourth quarter valued at $178,000. First Allied Advisory Services Inc. acquired a new position in Covanta in the third quarter worth $161,000. Verition Fund Management LLC boosted its stake in Covanta by 9.7% in the second quarter. Verition Fund Management LLC now owns 11,779 shares of the energy company’s stock worth $155,000 after purchasing an additional 1,039 shares in the last quarter. Cutler Group LP boosted its stake in Covanta by 81.3% in the fourth quarter. Cutler Group LP now owns 12,490 shares of the energy company’s stock worth $211,000 after purchasing an additional 5,601 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Covanta by 43.5% in the second quarter. PNC Financial Services Group Inc. now owns 16,330 shares of the energy company’s stock worth $216,000 after purchasing an additional 4,950 shares in the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.
Covanta Holding Corp (NYSE CVA) opened at $16.15 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.39. Covanta Holding Corp has a one year low of $13.00 and a one year high of $17.30.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2018/02/20/oppenheimer-co-inc-has-797000-holdings-in-covanta-holding-corp-cva.html.
Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.
Want to see what other hedge funds are holding CVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Covanta Holding Corp (NYSE:CVA).
Receive News & Ratings for Covanta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covanta and related companies with MarketBeat.com's FREE daily email newsletter.