Enviri Co. (NYSE:NVRI) CFO Tom George Vadaketh Acquires 40,297 Shares

Enviri Co. (NYSE:NVRI - Get Free Report) CFO Tom George Vadaketh bought 40,297 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the transaction, the chief financial officer now owns 132,431 shares of the company's stock, valued at $821,072.20. The trade was a 43.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Enviri Stock Up 0.2 %

Shares of NYSE:NVRI traded up $0.02 during mid-day trading on Friday, hitting $6.78. 4,280,687 shares of the company traded hands, compared to its average volume of 596,587. The stock has a market cap of $543.44 million, a P/E ratio of -4.26 and a beta of 2.19. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. Enviri Co. has a 12-month low of $5.67 and a 12-month high of $12.79. The stock has a 50-day moving average price of $7.96 and a two-hundred day moving average price of $8.48.

Enviri (NYSE:NVRI - Get Free Report) last announced its 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. The company had revenue of $558.71 million for the quarter, compared to analysts' expectations of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. On average, equities research analysts forecast that Enviri Co. will post -0.13 earnings per share for the current year.

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Institutional Trading of Enviri

A number of hedge funds have recently bought and sold shares of NVRI. D. E. Shaw & Co. Inc. lifted its holdings in Enviri by 30.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock worth $37,156,000 after acquiring an additional 1,127,647 shares during the period. Brightline Capital Management LLC bought a new stake in Enviri during the third quarter worth $10,340,000. Mill Road Capital Management LLC bought a new stake in Enviri during the third quarter worth $10,167,000. Hsbc Holdings PLC lifted its holdings in Enviri by 5,438.2% during the fourth quarter. Hsbc Holdings PLC now owns 903,051 shares of the company's stock worth $6,873,000 after acquiring an additional 886,745 shares during the period. Finally, Paradigm Capital Management Inc. NY lifted its holdings in Enviri by 14.4% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock worth $34,464,000 after acquiring an additional 563,100 shares during the period. 93.43% of the stock is currently owned by institutional investors.

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.