Discovery Capital Management LLC CT Buys Shares of 200,000 Everus (NYSE:ECG)

Discovery Capital Management LLC CT bought a new position in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company's stock, valued at approximately $13,150,000. Discovery Capital Management LLC CT owned approximately 0.39% of Everus at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Forza Wealth Management LLC purchased a new position in Everus in the fourth quarter valued at about $336,000. Mendota Financial Group LLC acquired a new position in shares of Everus in the 4th quarter valued at approximately $36,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus during the 4th quarter valued at approximately $292,000. Hennessy Advisors Inc. acquired a new stake in shares of Everus during the fourth quarter worth approximately $31,611,000. Finally, Brady Martz Wealth Solutions LLC acquired a new stake in Everus in the fourth quarter valued at $472,000.

Insider Transactions at Everus

In related news, Director Edward A. Ryan bought 1,400 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the transaction, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the purchase, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at $214,756.92. The trade was a 30.89 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 3,750 shares of company stock worth $153,853.

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Everus Stock Down 8.2 %

ECG stock traded down $3.16 during trading on Thursday, hitting $35.21. 802,677 shares of the company's stock traded hands, compared to its average volume of 742,013. Everus has a 52 week low of $33.90 and a 52 week high of $77.93. The firm's fifty day moving average price is $48.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Research analysts predict that Everus will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ECG shares. Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus decreased their price target on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, February 13th.

Everus Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.