Charles Schwab Investment Management Inc. Reduces Stock Position in Enviri Co. (NYSE:NVRI)

Charles Schwab Investment Management Inc. decreased its position in shares of Enviri Co. (NYSE:NVRI - Free Report) by 18.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,030,611 shares of the company's stock after selling 230,768 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.29% of Enviri worth $7,936,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company's stock worth $73,000 after acquiring an additional 1,809 shares in the last quarter. Stoneridge Investment Partners LLC raised its stake in shares of Enviri by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after purchasing an additional 2,412 shares during the period. Vontobel Holding Ltd. purchased a new stake in Enviri during the 4th quarter worth about $126,000. Zacks Investment Management boosted its stake in Enviri by 44.7% in the 3rd quarter. Zacks Investment Management now owns 23,708 shares of the company's stock worth $245,000 after purchasing an additional 7,323 shares during the period. Finally, Martingale Asset Management L P purchased a new position in Enviri during the 3rd quarter valued at about $274,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

Insiders Place Their Bets

In other news, SVP Russell C. Hochman acquired 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the transaction, the senior vice president now owns 120,357 shares of the company's stock, valued at $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 purchased at an average price of $6.20 per share, with a total value of $249,841.40. Following the transaction, the chief financial officer now directly owns 132,431 shares in the company, 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. Corporate insiders own 2.50% of the company's stock.

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Enviri Price Performance

Shares of NVRI traded down $0.06 during midday trading on Thursday, hitting $7.06. 693,167 shares of the company traded hands, compared to its average volume of 993,813. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $8.38. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. Enviri Co. has a one year low of $5.67 and a one year high of $12.79. The firm has a market cap of $565.90 million, a P/E ratio of -4.44 and a beta of 2.19.

Enviri (NYSE:NVRI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, topping 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 business had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. As a group, sell-side analysts predict that Enviri Co. will post -0.13 EPS for the current fiscal year.

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.