Enviva Partners LP (EVA) Stake Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in Enviva Partners LP (NYSE:EVA) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,900 shares of the energy company’s stock after selling 2,605 shares during the period. Renaissance Technologies LLC owned 0.15% of Enviva Partners worth $1,161,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in Enviva Partners in the 2nd quarter worth approximately $10,395,000. Federated Investors Inc. PA acquired a new stake in shares of Enviva Partners during the 2nd quarter worth approximately $3,586,000. Riverstone Holdings LLC grew its stake in shares of Enviva Partners by 840.8% during the 2nd quarter. Riverstone Holdings LLC now owns 11,905,138 shares of the energy company’s stock worth $346,440,000 after purchasing an additional 10,639,685 shares during the period. Kayne Anderson Capital Advisors LP grew its stake in shares of Enviva Partners by 94.2% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 445,600 shares of the energy company’s stock worth $12,960,000 after purchasing an additional 216,168 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Enviva Partners by 4.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 59,067 shares of the energy company’s stock worth $1,719,000 after purchasing an additional 2,720 shares during the period.

EVA has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Enviva Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. TheStreet raised shares of Enviva Partners from a “c+” rating to a “b” rating in a research note on Monday, September 17th. ValuEngine raised shares of Enviva Partners from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price objective (up previously from $33.00) on shares of Enviva Partners in a research note on Thursday, August 9th.

Shares of NYSE EVA opened at $30.02 on Thursday. The company has a market cap of $808.64 million, a PE ratio of 49.21 and a beta of 1.07. Enviva Partners LP has a 12 month low of $25.01 and a 12 month high of $33.20. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.77 and a current ratio of 1.18.

Enviva Partners (NYSE:EVA) last announced its earnings results on Wednesday, August 8th. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. Enviva Partners had a positive return on equity of 8.77% and a negative net margin of 0.30%. The firm had revenue of $132.10 million for the quarter, compared to analyst estimates of $148.60 million. As a group, analysts forecast that Enviva Partners LP will post 0.51 EPS for the current fiscal year.

About Enviva Partners

Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding EVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enviva Partners LP (NYSE:EVA).

Institutional Ownership by Quarter for Enviva Partners (NYSE:EVA)

Receive News & Ratings for Enviva Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enviva Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply