Essex Investment Management Co. LLC decreased its stake in shares of Enviri Co. (NYSE:NVRI - Free Report) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 345,875 shares of the company's stock after selling 42,995 shares during the period. Essex Investment Management Co. LLC owned about 0.43% of Enviri worth $2,663,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Brightline Capital Management LLC acquired a new stake in shares of Enviri during the 3rd quarter valued at approximately $10,340,000. Mill Road Capital Management LLC bought a new stake in Enviri during the third quarter valued at $10,167,000. Meros Investment Management LP acquired a new stake in shares of Enviri during the third quarter worth $2,950,000. JPMorgan Chase & Co. lifted its position in shares of Enviri by 111.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 491,650 shares of the company's stock worth $5,084,000 after buying an additional 259,606 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings 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 buying an additional 132,718 shares during the period. 93.43% of the stock is currently owned by institutional investors and hedge funds.
Enviri Stock Performance
Shares of NYSE:NVRI traded down $0.30 during trading on Thursday, reaching $6.07. 1,138,074 shares of the company's stock traded hands, compared to its average volume of 573,500. 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 50 day moving average of $8.22 and a 200-day moving average of $8.71. Enviri Co. has a 12 month low of $5.67 and a 12 month high of $12.79. The stock has a market capitalization of $486.49 million, a P/E ratio of -3.81 and a beta of 2.19.
Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly 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 return on equity of 0.90% and a negative net margin of 5.46%. The business had revenue of $558.71 million for the quarter, compared to analysts' expectations of $578.98 million. During the same period in the prior year, the firm earned ($0.07) EPS. On average, equities analysts expect 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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