Trexquant Investment LP Sells 146,327 Shares of Enviri Co. (NYSE:NVRI)

Trexquant Investment LP decreased its position in Enviri Co. (NYSE:NVRI - Free Report) by 83.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,997 shares of the company's stock after selling 146,327 shares during the quarter. Trexquant Investment LP's holdings in Enviri were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Enviri by 0.5% in the 3rd quarter. State Street Corp now owns 2,988,970 shares of the company's stock worth $30,906,000 after purchasing an additional 13,902 shares during the period. Geode Capital Management LLC increased its position in Enviri by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company's stock worth $19,020,000 after buying an additional 28,166 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enviri by 33.8% in the fourth quarter. JPMorgan Chase & Co. now owns 657,775 shares of the company's stock valued at $5,065,000 after buying an additional 166,125 shares during the period. Principal Financial Group Inc. lifted its position in shares of Enviri by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 388,552 shares of the company's stock valued at $2,992,000 after buying an additional 10,977 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Enviri by 108.2% during the 4th quarter. Intech Investment Management LLC now owns 343,261 shares of the company's stock worth $2,643,000 after acquiring an additional 178,425 shares during the period. Hedge funds and other institutional investors own 93.43% of the company's stock.

Insider Buying and Selling at Enviri

In related news, CFO Tom George Vadaketh bought 40,297 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $6.20 per share, with a total value of $249,841.40. Following the completion of the purchase, the chief financial officer now directly owns 132,431 shares of the company's stock, valued at $821,072.20. This trade represents a 43.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Russell C. Hochman purchased 40,127 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the acquisition, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. The trade was a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.50% of the company's stock.

Enviri Stock Performance

NVRI traded up $0.17 during trading hours on Friday, hitting $5.87. The stock had a trading volume of 433,254 shares, compared to its average volume of 689,413. The stock has a market cap of $470.53 million, a PE ratio of -3.69 and a beta of 1.97. Enviri Co. has a 1 year low of $4.72 and a 1 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. The company's fifty day simple moving average is $6.61 and its 200 day simple moving average is $7.84.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Equities analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current year.

Enviri Company 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.