Algert Global LLC reduced its position in Aegion Corp. (NASDAQ:AEGN) by 76.5% during the third quarter, Holdings Channel reports. The firm owned 11,547 shares of the company’s stock after selling 37,508 shares during the period. Algert Global LLC’s holdings in Aegion Corp. were worth $220,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new position in shares of Aegion Corp. during the second quarter worth about $104,000. Mason Street Advisors LLC bought a new position in shares of Aegion Corp. during the second quarter worth about $134,000. Tower Research Capital LLC TRC increased its position in shares of 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 worth $211,000 after buying an additional 10,818 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Aegion Corp. by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock worth $230,000 after buying an additional 5,796 shares during the period. Finally, Ngam Advisors L.P. bought a new position in shares of Aegion Corp. during the second quarter worth about $230,000. 89.80% of the stock is owned by hedge funds and other institutional investors.
Aegion Corp. (NASDAQ:AEGN) remained flat at $25.40 on Friday. The company had a trading volume of 148,959 shares. Aegion Corp. has a 12-month low of $16.00 and a 12-month high of $25.63. The company’s market cap is $828.37 million. The company’s 50-day moving average price is $20.61 and its 200-day moving average price is $19.60.
Aegion Corp. (NASDAQ:AEGN) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.03. Aegion Corp. had a positive return on equity of 6.43% and a negative net margin of 1.72%. The firm earned $308.52 million during the quarter, compared to analysts’ expectations of $318.99 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Aegion Corp. will post $1.12 EPS for the current fiscal year.
A number of brokerages recently issued reports on AEGN. Seaport Global Securities downgraded Aegion Corp. from an “accumulate” rating to a “neutral” rating in a research note on Wednesday. Sidoti upgraded Aegion Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, DA Davidson reiterated a “hold” rating and set a $20.00 price objective on shares of Aegion Corp. in a research note on Wednesday, October 5th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.33.
In other news, SVP John D. Huhn sold 2,700 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $23.00, for a total value of $62,100.00. Following the completion of the transaction, the senior vice president now directly owns 20,888 shares in the company, valued at $480,424. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David F. Morris sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $22.57, for a total value of $338,550.00. Following the completion of the transaction, the executive vice president now owns 153,108 shares of the company’s stock, valued at $3,455,647.56. The disclosure for this sale can be found here. 3.47% of the stock is 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.