IQ EQ FUND MANAGEMENT IRELAND Ltd cut its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 86.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,175 shares of the company's stock after selling 118,801 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Enviri were worth $140,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of NVRI. JPMorgan Chase & Co. raised its position in shares of Enviri by 33.8% in the 4th quarter. JPMorgan Chase & Co. now owns 657,775 shares of the company's stock valued at $5,065,000 after purchasing an additional 166,125 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Enviri in the fourth quarter worth $130,000. KLP Kapitalforvaltning AS bought a new position in Enviri during the 4th quarter valued at $102,000. AXQ Capital LP bought a new stake in shares of Enviri in the 4th quarter worth about $88,000. Finally, American Century Companies Inc. increased its position in shares of Enviri by 43.2% in the 4th quarter. American Century Companies Inc. now owns 29,391 shares of the company's stock worth $226,000 after purchasing an additional 8,865 shares during the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Enviri
In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of the stock in a transaction that occurred on 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 directly owns 120,357 shares in the company, valued at $754,638.39. The trade was a 50.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tom George Vadaketh acquired 40,297 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the purchase, 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 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 1.0 %
NYSE:NVRI traded up $0.07 during mid-day trading on Wednesday, reaching $6.78. The stock had a trading volume of 69,703 shares, compared to its average volume of 657,432. Enviri Co. has a 1-year low of $5.67 and a 1-year high of $12.79. 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 company has a market capitalization of $543.84 million, a price-to-earnings ratio of -4.28 and a beta of 2.19. The stock's 50 day simple moving average is $7.70 and its two-hundred day simple moving average is $8.29.
Enviri (NYSE:NVRI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The company had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. During the same period in the prior year, the company earned ($0.07) earnings per share. Equities analysts anticipate that Enviri Co. will post -0.13 EPS for the current 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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