Amundi increased its position in Enviri Co. (NYSE:NVRI - Free Report) by 262.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,278 shares of the company's stock after buying an additional 42,194 shares during the period. Amundi owned 0.07% of Enviri worth $491,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in Enviri in the 3rd quarter valued at $293,000. Intech Investment Management LLC increased its holdings in Enviri by 413.2% in the 3rd quarter. Intech Investment Management LLC now owns 164,836 shares of the company's stock worth $1,704,000 after acquiring an additional 132,718 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Enviri in the third quarter worth about $568,000. FMR LLC raised its position in shares of Enviri by 34.4% in the third quarter. FMR LLC now owns 7,069 shares of the company's stock valued at $73,000 after purchasing an additional 1,809 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Enviri by 18.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company's stock valued at $355,000 after buying an additional 5,342 shares in the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.
Enviri Stock Performance
Enviri stock traded up $0.33 during mid-day trading on Monday, reaching $7.08. The company's stock had a trading volume of 1,361,446 shares, compared to its average volume of 600,958. Enviri Co. has a 12-month low of $5.67 and a 12-month high of $12.79. The company has a market capitalization of $567.51 million, a P/E ratio of -4.45 and a beta of 2.19. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The firm's fifty day moving average price is $7.96 and its two-hundred day moving average price is $8.44.
Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.05. The company had revenue of $558.71 million during the quarter, compared to analysts' expectations of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same quarter in the prior year, the company earned ($0.07) EPS. Sell-side analysts predict that Enviri Co. will post -0.13 EPS for the current fiscal year.
Insider Buying and Selling at Enviri
In related news, SVP Russell C. Hochman bought 40,127 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the purchase, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tom George Vadaketh acquired 40,297 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $6.20 per share, with a total value of $249,841.40. Following the completion of the acquisition, the chief financial officer now directly owns 132,431 shares of the company's stock, valued at $821,072.20. The trade was a 43.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.70% of the company's stock.
Enviri Company Profile
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Free Report)
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.
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