Tribune Investment Group LP Makes New $4.27 Million Investment in Everus (NYSE:ECG)

Tribune Investment Group LP acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 65,000 shares of the company's stock, valued at approximately $4,274,000. Everus makes up about 2.4% of Tribune Investment Group LP's portfolio, making the stock its 21st largest holding. Tribune Investment Group LP owned approximately 0.13% of Everus at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. acquired a new position in Everus during the 4th quarter worth approximately $26,000. Principal Securities Inc. acquired a new stake in shares of Everus during the 4th quarter valued at $27,000. HighMark Wealth Management LLC bought a new stake in Everus during the 4th quarter worth $28,000. Crews Bank & Trust bought a new position in Everus in the fourth quarter valued at about $29,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Everus during the fourth quarter valued at about $36,000.

Everus Price Performance

Shares of Everus stock traded up $0.60 during midday trading on Friday, reaching $38.77. The company had a trading volume of 734,755 shares, compared to its average volume of 745,840. The stock's fifty day moving average is $40.05. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. 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 posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). As a group, research analysts expect that Everus will post 2.49 EPS for the current year.

Insiders Place Their Bets

In related news, Director Rocca Michael Della bought 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, the director now directly owns 2,027 shares of the company's stock, valued at approximately $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $38.02 per share, with a total value of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 3,750 shares of company stock worth $153,853. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ECG shares. Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th.

Everus 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.