Fidelity National Financial Inc. raised its position in Nuverra Environmental Solutions Inc (NYSEAMERICAN:NES) by 509.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,832 shares of the company’s stock after buying an additional 24,941 shares during the quarter. Nuverra Environmental Solutions comprises about 0.0% of Fidelity National Financial Inc.’s holdings, making the stock its 22nd largest position. Fidelity National Financial Inc.’s holdings in Nuverra Environmental Solutions were worth $332,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NES. Millennium Management LLC bought a new stake in shares of Nuverra Environmental Solutions in the first quarter valued at $2,020,000. BlackRock Inc. purchased a new position in shares of Nuverra Environmental Solutions in the second quarter valued at $811,000. Shepherd Kaplan Krochuk LLC grew its position 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 valued at $480,000 after purchasing an additional 26,500 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in shares of Nuverra Environmental Solutions in the second quarter valued at $122,000.
In related news, major shareholder Gates Capital Management, L.P. purchased 377,800 shares of Nuverra Environmental Solutions stock in a transaction dated Thursday, October 11th. The stock was bought at an average cost of $9.92 per share, for a total transaction of $3,747,776.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSEAMERICAN NES opened at $10.25 on Monday. Nuverra Environmental Solutions Inc has a fifty-two week low of $8.80 and a fifty-two week high of $26.50.
Nuverra Environmental Solutions (NYSEAMERICAN:NES) last announced its quarterly earnings results on Monday, August 6th. The company reported ($0.78) earnings per share for the quarter. The firm had revenue of $48.95 million during the quarter.
Nuverra Environmental Solutions Profile
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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