Northern Trust Corp bought a new stake in Covia Holdings (NASDAQ:CVIA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 405,694 shares of the company’s stock, valued at approximately $7,529,000. Northern Trust Corp owned about 0.31% of Covia at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American Securities LLC purchased a new position in shares of Covia during the second quarter worth about $167,701,000. Hartland & Co. LLC purchased a new position in shares of Covia during the second quarter worth about $54,407,000. BlackRock Inc. purchased a new position in shares of Covia during the second quarter worth about $39,270,000. Bank of New York Mellon Corp purchased a new position in shares of Covia during the second quarter worth about $34,098,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Covia during the second quarter worth about $24,263,000.

NASDAQ:CVIA traded down $0.23 during mid-day trading on Friday, reaching $5.26. The stock had a trading volume of 737,757 shares, compared to its average volume of 620,634. Covia Holdings has a twelve month low of $4.59 and a twelve month high of $30.00.

Covia (NASDAQ:CVIA) last announced its quarterly earnings data on Wednesday, November 14th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.21). The company had revenue of $523.40 million for the quarter, compared to analysts’ expectations of $615.07 million. Covia’s quarterly revenue was up 50.5% on a year-over-year basis.

Several equities research analysts have recently weighed in on CVIA shares. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 target price on shares of Covia in a research note on Wednesday, August 15th. Credit Suisse Group decreased their target price on shares of Covia from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, August 15th. Cowen reiterated a “buy” rating and set a $19.00 target price on shares of Covia in a research note on Thursday, August 16th. KeyCorp reiterated a “buy” rating and set a $21.00 target price on shares of Covia in a research note on Thursday, August 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $15.00 target price on shares of Covia in a research note on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.50.

In other news, Director William E. Conway acquired 20,000 shares of Covia stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of $6.98 per share, for a total transaction of $139,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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About Covia

There is no company description available for Covia Holdings Corp.

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Institutional Ownership by Quarter for Covia (NASDAQ:CVIA)

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