Norges Bank Takes Position in Enviri Co. (NYSE:NVRI)

Norges Bank acquired a new stake in Enviri Co. (NYSE:NVRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 321,267 shares of the company's stock, valued at approximately $2,474,000. Norges Bank owned 0.40% of Enviri as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company's stock valued at $73,000 after buying an additional 1,809 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Enviri in the fourth quarter worth about $88,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Enviri during the fourth quarter worth approximately $102,000. Stoneridge Investment Partners LLC increased its holdings in Enviri by 20.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock worth $108,000 after buying an additional 2,412 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Enviri during the fourth quarter worth approximately $126,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Stock Performance

Shares of NVRI stock traded up $0.11 during mid-day trading on Thursday, reaching $5.81. The stock had a trading volume of 106,036 shares, compared to its average volume of 685,392. Enviri Co. has a one year low of $4.70 and a one year high of $12.79. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The firm's 50 day simple moving average is $6.75 and its 200 day simple moving average is $7.90. The firm has a market cap of $466.04 million, a PE ratio of -3.66 and a beta of 1.97.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The business had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. During the same period last year, the company earned ($0.07) EPS. On average, analysts forecast that Enviri Co. will post -0.13 EPS for the current year.

Insider Transactions at Enviri

In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the acquisition, the chief financial officer now owns 132,431 shares in the company, valued at $821,072.20. This trade represents a 43.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Russell C. Hochman acquired 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $6.27 per share, with a total value of $251,596.29. Following the completion of the acquisition, the senior vice president now directly owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.50% of the company's stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.