Insider Selling: Charah Solutions Inc (NYSE:CHRA) Major Shareholder Sells $75,109.68 in Stock

Charah Solutions Inc (NYSE:CHRA) major shareholder Charles E. Price sold 34,773 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $2.16, for a total value of $75,109.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Charah Solutions stock opened at $2.04 on Friday. Charah Solutions Inc has a 1 year low of $1.76 and a 1 year high of $8.65. The firm has a 50 day moving average price of $2.13 and a 200 day moving average price of $3.57. The company has a market cap of $60.43 million, a price-to-earnings ratio of 2.22 and a beta of 0.16. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.62 and a current ratio of 0.71.

A number of brokerages have recently commented on CHRA. First Analysis lowered their price objective on Charah Solutions from $8.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Morgan Stanley reduced their target price on Charah Solutions from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Zacks Investment Research upgraded Charah Solutions from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Friday, November 22nd. Finally, ValuEngine raised Charah Solutions from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.94.

A number of large investors have recently bought and sold shares of CHRA. Vanguard Group Inc. boosted its holdings in shares of Charah Solutions by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 410,948 shares of the company’s stock valued at $2,261,000 after purchasing an additional 23,838 shares during the last quarter. BlackRock Inc. grew its stake in shares of Charah Solutions by 34.1% during the 2nd quarter. BlackRock Inc. now owns 451,176 shares of the company’s stock valued at $2,482,000 after buying an additional 114,819 shares during the period. Northern Trust Corp grew its stake in shares of Charah Solutions by 5.6% during the 2nd quarter. Northern Trust Corp now owns 97,867 shares of the company’s stock valued at $538,000 after buying an additional 5,173 shares during the period. Monarch Partners Asset Management LLC increased its holdings in shares of Charah Solutions by 20.8% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 109,541 shares of the company’s stock worth $602,000 after buying an additional 18,880 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Charah Solutions during the 2nd quarter worth $69,000. 23.62% of the stock is currently owned by institutional investors.

About Charah Solutions

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.

Featured Story: Dividend Reinvestment Plan (DRIP)

Receive News & Ratings for Charah Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charah Solutions and related companies with MarketBeat.com's FREE daily email newsletter.