Energy Services of America Co. (NASDAQ:ESOA) Stake Lowered by Acadian Asset Management LLC

Acadian Asset Management LLC cut its stake in Energy Services of America Co. (NASDAQ:ESOA) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,238 shares of the company’s stock after selling 4,517 shares during the quarter. Acadian Asset Management LLC’s holdings in Energy Services of America were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management increased its position in Energy Services of America by 46.7% in the 2nd quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after purchasing an additional 19,380 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Energy Services of America in the first quarter worth approximately $106,000. Heron Bay Capital Management bought a new position in Energy Services of America during the first quarter valued at approximately $234,000. CreativeOne Wealth LLC acquired a new stake in Energy Services of America in the first quarter valued at approximately $109,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Energy Services of America in the first quarter worth approximately $826,000. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

Energy Services of America Stock Performance

Energy Services of America stock opened at $10.00 on Thursday. Energy Services of America Co. has a 1-year low of $3.46 and a 1-year high of $11.16. The firm’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $7.81.

Energy Services of America (NASDAQ:ESOA) last posted its earnings results on Monday, August 12th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.27. The company had revenue of $85.92 million for the quarter, compared to the consensus estimate of $91.23 million.

Insider Activity

In related news, Director Frank S. Lucente sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $10.30, for a total value of $51,500.00. Following the completion of the sale, the director now directly owns 287,137 shares in the company, valued at approximately $2,957,511.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Marshall T. Reynolds sold 20,946 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $9.50, for a total value of $198,987.00. Following the sale, the director now directly owns 1,579,303 shares of the company’s stock, valued at $15,003,378.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank S. Lucente sold 5,000 shares of Energy Services of America stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $10.30, for a total value of $51,500.00. Following the completion of the transaction, the director now owns 287,137 shares in the company, valued at $2,957,511.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,576 shares of company stock valued at $805,057. Insiders own 44.68% of the company’s stock.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.