BTG Pactual Asset Management US LLC Invests $1.08 Million in CEA Industries Inc. $BNC

BTG Pactual Asset Management US LLC purchased a new stake in shares of CEA Industries Inc. (NASDAQ:BNC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 396,040 shares of the company’s stock, valued at approximately $1,077,000. BTG Pactual Asset Management US LLC owned 0.96% of CEA Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Saba Capital Management L.P. purchased a new position in shares of CEA Industries during the fourth quarter valued at $7,096,000. Geode Capital Management LLC purchased a new position in CEA Industries during the 4th quarter valued at about $3,236,000. Alyeska Investment Group L.P. acquired a new position in shares of CEA Industries in the 4th quarter valued at about $2,342,000. Arrington Capital Management LLC purchased a new stake in shares of CEA Industries in the fourth quarter worth approximately $2,058,000. Finally, State Street Corp purchased a new stake in shares of CEA Industries in the fourth quarter worth approximately $914,000.

CEA Industries Price Performance

Shares of BNC opened at $3.09 on Tuesday. The company has a market capitalization of $127.22 million, a PE ratio of 0.55 and a beta of 0.56. CEA Industries Inc. has a one year low of $1.84 and a one year high of $22.50. The company’s fifty day moving average price is $2.76 and its 200 day moving average price is $2.94.

CEA Industries (NASDAQ:BNC) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $6.20 earnings per share (EPS) for the quarter. The company had revenue of $7.35 million during the quarter. CEA Industries had a net margin of 392.91% and a return on equity of 81.62%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen lowered CEA Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings raised CEA Industries from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

CEA Industries Company Profile

CEA Industries Inc provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems. The company also provides air handling equipment and systems; LED lighting; benching and racking solutions for indoor cultivation; automation and control devices, systems, and technologies for environmental, lighting, and climate control applications; and preventive maintenance services for CEA facilities.