Ardsley Advisory Partners bought a new stake in Enviva Partners, LP (NYSE:EVA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 117,739 shares of the energy company’s stock, valued at approximately $3,238,000. Ardsley Advisory Partners owned about 0.45% of Enviva Partners, as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in Enviva Partners, by 4.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,203,547 shares of the energy company’s stock valued at $33,098,000 after acquiring an additional 55,476 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Enviva Partners, by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 227,049 shares of the energy company’s stock valued at $6,244,000 after acquiring an additional 2,000 shares during the last quarter. Usca Ria LLC lifted its stake in Enviva Partners, by 5.2% in the second quarter. Usca Ria LLC now owns 70,485 shares of the energy company’s stock valued at $1,938,000 after acquiring an additional 3,510 shares during the last quarter. HITE Hedge Asset Management LLC lifted its stake in Enviva Partners, by 81.6% in the second quarter. HITE Hedge Asset Management LLC now owns 46,583 shares of the energy company’s stock valued at $1,281,000 after acquiring an additional 20,927 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Enviva Partners, by 6.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 39,457 shares of the energy company’s stock valued at $1,085,000 after acquiring an additional 2,286 shares during the last quarter.

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EVA has been the subject of a number of analyst reports. Citigroup Inc. upgraded shares of Enviva Partners, from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, September 22nd. Zacks Investment Research cut shares of Enviva Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Enviva Partners, from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of Enviva Partners, in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Enviva Partners, has an average rating of “Buy” and an average target price of $33.50.

Enviva Partners, LP (NYSE EVA) traded up 1.15% during mid-day trading on Tuesday, reaching $30.70. 11,154 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $29.45 and a 200 day moving average price of $28.59. Enviva Partners, LP has a 52-week low of $24.45 and a 52-week high of $31.95. The company has a market cap of $807.90 million, a PE ratio of 55.22 and a beta of 1.17.

Enviva Partners, (NYSE:EVA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.22). The company had revenue of $126.90 million during the quarter, compared to analyst estimates of $142.08 million. Enviva Partners, had a net margin of 2.38% and a return on equity of 8.49%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. Equities analysts predict that Enviva Partners, LP will post $0.77 earnings per share for the current fiscal year.

Enviva Partners, Company Profile

Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.

Institutional Ownership by Quarter for Enviva Partners, (NYSE:EVA)

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