JPMorgan Chase & Co. grew its position in shares of Enviri Co. (NYSE:NVRI - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 657,775 shares of the company's stock after purchasing an additional 166,125 shares during the quarter. JPMorgan Chase & Co. owned about 0.82% of Enviri worth $5,065,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of NVRI. FMR LLC lifted 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 acquiring an additional 1,809 shares in the last quarter. AXQ Capital LP bought a new stake in Enviri during the fourth quarter worth approximately $88,000. KLP Kapitalforvaltning AS bought a new stake in Enviri during the fourth quarter worth approximately $102,000. Stoneridge Investment Partners LLC increased 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 worth $108,000 after purchasing an additional 2,412 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in shares of Enviri during the fourth quarter worth $126,000. Institutional investors and hedge funds own 93.43% of the company's stock.
Insiders Place Their Bets
In other Enviri news, CFO Tom George Vadaketh purchased 40,297 shares of the firm's stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.20 per share, with a total value of $249,841.40. Following the purchase, the chief financial officer now owns 132,431 shares in the company, valued at approximately $821,072.20. This represents a 43.74 % increase in their ownership of the stock. The transaction was disclosed in a filing 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 stock was purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. This represents a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.
Enviri Stock Up 1.9 %
Shares of NVRI stock traded up $0.12 on Thursday, hitting $6.25. The stock had a trading volume of 26,656 shares, compared to its average volume of 689,927. The business has a 50 day moving average price of $6.42 and a 200 day moving average price of $7.76. The company has a market cap of $500.93 million, a PE ratio of -3.96 and a beta of 1.97. Enviri Co. has a one year low of $4.72 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.
Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $578.98 million. During the same quarter last year, the company earned ($0.07) EPS. Research analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current fiscal year.
About Enviri
(
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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