Gates Capital Management, L.P. Acquires 26,199 Shares of Nuverra Environmental Solutions Inc (NES) Stock

Nuverra Environmental Solutions Inc (NYSEAMERICAN:NES) major shareholder Gates Capital Management, L.P. bought 26,199 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were acquired at an average price of $11.26 per share, for a total transaction of $295,000.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Gates Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, October 11th, Gates Capital Management, L.P. bought 377,800 shares of Nuverra Environmental Solutions stock. The shares were acquired at an average price of $9.92 per share, for a total transaction of $3,747,776.00.

Shares of Nuverra Environmental Solutions stock opened at $10.25 on Friday. Nuverra Environmental Solutions Inc has a twelve month low of $8.80 and a twelve month high of $26.50.

Nuverra Environmental Solutions (NYSEAMERICAN:NES) last released its quarterly earnings results on Monday, August 6th. The company reported ($0.78) EPS for the quarter. The business had revenue of $48.95 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC bought a new position in shares of Nuverra Environmental Solutions in the first quarter worth about $2,020,000. BlackRock Inc. bought a new position in shares of Nuverra Environmental Solutions in the second quarter worth about $811,000. Shepherd Kaplan Krochuk LLC raised its stake in shares of Nuverra Environmental Solutions by 196.3% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 40,000 shares of the company’s stock worth $480,000 after acquiring an additional 26,500 shares during the last quarter. Fidelity National Financial Inc. raised its stake in shares of Nuverra Environmental Solutions by 509.9% in the third quarter. Fidelity National Financial Inc. now owns 29,832 shares of the company’s stock worth $332,000 after acquiring an additional 24,941 shares during the last quarter. Finally, Northern Trust Corp bought a new position in shares of Nuverra Environmental Solutions in the second quarter worth about $122,000.

About Nuverra Environmental Solutions

Nuverra Environmental Solutions, Inc provides full-cycle environmental solutions to customers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. The company offers environmental solutions and wellsite logistics management, including the delivery, collection, treatment, and disposal of solid and liquid materials used in the development of unconventional oil and natural gas fields in the Bakken and Eagle Ford Shale areas, as well as the Haynesville, Marcellus, and Utica areas.

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