Bridgewater Associates LP Grows Position in Enviri Co. (NYSE:NVRI)

Bridgewater Associates LP increased its position in shares of Enviri Co. (NYSE:NVRI - Free Report) by 944.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,997 shares of the company's stock after purchasing an additional 554,300 shares during the period. Bridgewater Associates LP owned 0.76% of Enviri worth $4,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVRI. FMR LLC boosted its stake in 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 acquiring an additional 1,809 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Enviri in the fourth quarter valued at $86,000. AXQ Capital LP acquired a new position in Enviri in the fourth quarter valued at $88,000. KLP Kapitalforvaltning AS acquired a new position in Enviri in the fourth quarter valued at $102,000. Finally, Stoneridge Investment Partners LLC boosted its stake in Enviri by 20.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after acquiring an additional 2,412 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company's stock.

Insider Buying and Selling at Enviri

In other news, CFO Tom George Vadaketh purchased 40,297 shares of the stock in a transaction dated 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 directly owns 132,431 shares in the company, valued at $821,072.20. This represents a 43.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Russell C. Hochman purchased 40,127 shares of the business's stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at $754,638.39. The trade was a 50.01 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by corporate insiders.

Enviri Stock Performance

Shares of NVRI traded up $0.11 during mid-day trading on Wednesday, hitting $6.20. 102,911 shares of the company's stock were exchanged, compared to its average volume of 941,994. Enviri Co. has a fifty-two week low of $4.72 and a fifty-two week high of $12.79. The firm has a market capitalization of $497.32 million, a P/E ratio of -3.90 and a beta of 1.97. The business's 50 day moving average is $6.48 and its two-hundred day moving average is $7.77. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.05. The business had revenue of $558.71 million during the quarter, compared to the consensus estimate 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 firm earned ($0.07) earnings per share. On average, equities analysts expect that Enviri Co. will post -0.13 earnings per share for the current year.

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.