Geode Capital Management LLC Lowers Holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Geode Capital Management LLC trimmed its holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 112,988 shares of the industrial products company’s stock after selling 5,530 shares during the period. Geode Capital Management LLC’s holdings in EVI Industries were worth $2,184,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of EVI. FMR LLC boosted its stake in shares of EVI Industries by 1,868.5% during the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of EVI Industries by 122.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 2,387 shares in the last quarter. Barclays PLC boosted its stake in shares of EVI Industries by 206.6% during the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 4,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in EVI Industries in the 2nd quarter valued at about $158,000. Finally, Bard Associates Inc. purchased a new position in EVI Industries in the 3rd quarter valued at about $223,000. 37.30% of the stock is owned by hedge funds and other institutional investors.

EVI Industries Stock Performance

Shares of EVI stock opened at $16.96 on Wednesday. EVI Industries, Inc. has a fifty-two week low of $14.51 and a fifty-two week high of $25.50. The firm has a market capitalization of $241.34 million, a price-to-earnings ratio of 33.92 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised EVI Industries from a “hold” rating to a “buy” rating in a report on Tuesday.

EVI Industries Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.