Insider Buying: Charah Solutions, Inc. (NYSE:CHRA) CEO Buys 2,470 Shares of Stock

Charah Solutions, Inc. (NYSE:CHRA) CEO Scott Andrew Sewell acquired 2,470 shares of Charah Solutions stock in a transaction that occurred on Tuesday, June 8th. The shares were purchased at an average price of $5.95 per share, with a total value of $14,696.50. Following the transaction, the chief executive officer now owns 666,473 shares of the company’s stock, valued at approximately $3,965,514.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of CHRA opened at $6.00 on Friday. The company has a debt-to-equity ratio of 8.40, a quick ratio of 1.28 and a current ratio of 1.34. The stock has a 50-day moving average of $5.82. The stock has a market capitalization of $182.57 million, a PE ratio of -3.64 and a beta of 0.35. Charah Solutions, Inc. has a 52 week low of $1.48 and a 52 week high of $6.63.

Charah Solutions (NYSE:CHRA) last issued its quarterly earnings results on Wednesday, May 12th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). Charah Solutions had a negative return on equity of 52.47% and a negative net margin of 12.24%. The business had revenue of $52.11 million during the quarter, compared to analysts’ expectations of $51.10 million. Equities research analysts forecast that Charah Solutions, Inc. will post -0.15 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. North Run Capital LP boosted its stake in Charah Solutions by 34.2% during the fourth quarter. North Run Capital LP now owns 2,476,938 shares of the company’s stock valued at $7,109,000 after buying an additional 630,544 shares during the last quarter. Stifel Financial Corp bought a new position in Charah Solutions during the first quarter valued at approximately $126,000. Renaissance Technologies LLC bought a new position in Charah Solutions during the first quarter valued at approximately $112,000. Geode Capital Management LLC boosted its stake in Charah Solutions by 51.1% during the first quarter. Geode Capital Management LLC now owns 46,841 shares of the company’s stock valued at $227,000 after buying an additional 15,838 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Charah Solutions during the first quarter valued at approximately $67,000. Hedge funds and other institutional investors own 32.55% of the company’s stock.

Separately, Zacks Investment Research cut Charah Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, March 31st.

Charah Solutions Company Profile

Charah Solutions, Inc provides environmental services to the power generation industry in the United States. The company offers remediation and compliance services, including environmental management of landfills for coal-fired power generation facilities and new and existing ash ponds; active pond management services, such as closure by removal, cap-in-place, and design and construction of new ponds.

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Insider Buying and Selling by Quarter for Charah Solutions (NYSE:CHRA)

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