Todays Report: Today, Aegion Corp. (AEGN) Stake Held by Kings Point Capital Management

Today, Aegion Corp. (AEGN) Stake Held by Kings Point Capital Management

Kings Point Capital Management continued to hold its position in shares of Aegion Corp. (NASDAQ:AEGN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,950 shares of the company’s stock at the end of the third quarter. Kings Point Capital Management’s holdings in Aegion Corp. were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEGN. Picton Mahoney Asset Management bought a new position in Aegion Corp. during the second quarter valued at $104,000. Mason Street Advisors LLC bought a new position in Aegion Corp. during the second quarter valued at $134,000. Tower Research Capital LLC TRC boosted its position in Aegion Corp. by 98,345.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock valued at $211,000 after buying an additional 10,818 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Aegion Corp. by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock valued at $230,000 after buying an additional 5,796 shares during the last quarter. Finally, Ngam Advisors L.P. bought a new position in Aegion Corp. during the second quarter valued at $230,000. 89.80% of the stock is owned by institutional investors and hedge funds.

Aegion Corp. (NASDAQ:AEGN) traded down 0.75% during trading on Friday, hitting $25.21. 30,888 shares of the company’s stock were exchanged. The firm’s market cap is $822.17 million. The company’s 50-day moving average price is $20.44 and its 200 day moving average price is $19.56. Aegion Corp. has a 12-month low of $16.00 and a 12-month high of $25.63.

Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings results on Monday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. Aegion Corp. had a negative net margin of 1.72% and a positive return on equity of 6.43%. The firm earned $308.52 million during the quarter, compared to the consensus estimate of $318.99 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. Equities analysts forecast that Aegion Corp. will post $1.12 earnings per share for the current fiscal year.

Several research firms have recently weighed in on AEGN. Seaport Global Securities cut shares of Aegion Corp. from an “accumulate” rating to a “neutral” rating in a report on Wednesday. Sidoti raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, DA Davidson reaffirmed a “hold” rating and set a $20.00 target price on shares of Aegion Corp. in a report on Wednesday, October 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.33.

In other news, EVP David F. Morris sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $22.57, for a total value of $338,550.00. Following the sale, the executive vice president now directly owns 153,108 shares in the company, valued at approximately $3,455,647.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John D. Huhn sold 2,700 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $23.00, for a total transaction of $62,100.00. Following the completion of the sale, the senior vice president now owns 20,888 shares in the company, valued at $480,424. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by insiders.

Aegion Corp. Company Profile

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.

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