Quantbot Technologies LP increased its stake in Enviri Co. (NYSE:NVRI - Free Report) by 38,371.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,936 shares of the company's stock after purchasing an additional 51,801 shares during the quarter. Quantbot Technologies LP owned 0.06% of Enviri worth $400,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its stake in shares of Enviri by 108.2% in the 4th quarter. Intech Investment Management LLC now owns 343,261 shares of the company's stock worth $2,643,000 after buying an additional 178,425 shares during the last quarter. Amundi lifted its holdings in Enviri by 262.3% in the fourth quarter. Amundi now owns 58,278 shares of the company's stock valued at $491,000 after acquiring an additional 42,194 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Enviri during the 4th quarter valued at about $943,000. Victory Capital Management Inc. increased its position in shares of Enviri by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 163,017 shares of the company's stock valued at $1,255,000 after purchasing an additional 27,621 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Enviri by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 388,552 shares of the company's stock worth $2,992,000 after purchasing an additional 10,977 shares during the period. Hedge funds and other institutional investors own 93.43% of the company's stock.
Enviri Stock Performance
Shares of NVRI traded up $0.22 on Wednesday, reaching $6.93. The company's stock had a trading volume of 470,818 shares, compared to its average volume of 659,591. Enviri Co. has a 12-month low of $5.67 and a 12-month high of $12.79. The stock has a market capitalization of $555.88 million, a P/E ratio of -4.36 and a beta of 2.19. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. The stock's 50 day simple moving average is $7.65 and its two-hundred day simple moving average is $8.28.
Enviri (NYSE:NVRI - Get Free Report) last issued 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. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The firm had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. Research analysts forecast that Enviri Co. will post -0.13 earnings per share for the current fiscal year.
Insider Transactions at Enviri
In other news, CFO Tom George Vadaketh bought 40,297 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $6.20 per share, with a total value of $249,841.40. Following the acquisition, the chief financial officer now owns 132,431 shares of the company's stock, valued at approximately $821,072.20. This represents a 43.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell C. Hochman purchased 40,127 shares of the firm's stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the acquisition, the senior vice president now owns 120,357 shares of the company's stock, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company's stock.
Enviri Company Profile
(
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.
See Also
Before you consider Enviri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enviri wasn't on the list.
While Enviri currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
