Rhumbline Advisers lifted its position in shares of Covia Holdings (NASDAQ:CVIA) by 48.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,632 shares of the company’s stock after buying an additional 12,881 shares during the quarter. Rhumbline Advisers’ holdings in Covia were worth $136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Covia during the 4th quarter valued at $38,000. GSA Capital Partners LLP purchased a new stake in Covia in the 3rd quarter worth $110,000. Ancora Advisors LLC purchased a new stake in Covia in the 3rd quarter worth $135,000. Jane Street Group LLC purchased a new stake in Covia in the 3rd quarter worth $204,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Covia in the 3rd quarter worth $211,000.
NASDAQ:CVIA traded up $0.04 during mid-day trading on Friday, hitting $6.25. 338,707 shares of the stock traded hands, compared to its average volume of 426,288. Covia Holdings has a 52 week low of $3.23 and a 52 week high of $30.00.
CVIA has been the topic of several recent research reports. Zacks Investment Research cut shares of Covia from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Cowen cut shares of Covia from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 17th. Finally, Barclays initiated coverage on shares of Covia in a research report on Tuesday, March 12th. They set an “underweight” rating and a $4.00 target price on the stock. Five equities 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. The stock currently has an average rating of “Hold” and an average target price of $12.55.
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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