Bridgewater Associates LP Reduces Stake in Enviri Co. (NYSE:NVRI)

Bridgewater Associates LP trimmed its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 58.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,697 shares of the company's stock after selling 82,021 shares during the quarter. Bridgewater Associates LP owned about 0.07% of Enviri worth $607,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leeward Investments LLC MA increased its position in shares of Enviri by 93.5% in the third quarter. Leeward Investments LLC MA now owns 908,912 shares of the company's stock worth $9,398,000 after purchasing an additional 439,102 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Enviri by 11.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company's stock worth $32,999,000 after acquiring an additional 383,395 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Enviri by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company's stock worth $35,446,000 after acquiring an additional 249,181 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Enviri by 413.2% in the 3rd quarter. Intech Investment Management LLC now owns 164,836 shares of the company's stock valued at $1,704,000 after purchasing an additional 132,718 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its holdings in shares of Enviri by 3.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company's stock valued at $33,729,000 after purchasing an additional 132,000 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company's stock.

Enviri Stock Performance

NYSE NVRI remained flat at $7.61 on Tuesday. The company had a trading volume of 517,683 shares, compared to its average volume of 472,788. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. Enviri Co. has a 1-year low of $6.28 and a 1-year high of $12.79. The business has a fifty day moving average price of $8.85 and a 200 day moving average price of $9.49.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The company had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. During the same period in the previous year, the company posted $0.05 EPS. The company's quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts expect that Enviri Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their price target on Enviri from $13.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, November 1st.

Enviri Profile

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.