Enviri Co. (NYSE:NVRI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Enviri Co. (NYSE:NVRI - Free Report) by 111.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 491,650 shares of the company's stock after purchasing an additional 259,606 shares during the quarter. JPMorgan Chase & Co. owned about 0.61% of Enviri worth $5,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Enviri by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,330,795 shares of the company's stock valued at $46,005,000 after buying an additional 62,298 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Enviri by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company's stock valued at $35,446,000 after acquiring an additional 249,181 shares during the last quarter. Paradigm Capital Management Inc. NY grew its position in Enviri by 3.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company's stock worth $33,729,000 after acquiring an additional 132,000 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Enviri by 11.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company's stock worth $32,999,000 after acquiring an additional 383,395 shares during the last quarter. Finally, State Street Corp raised its position in Enviri by 0.5% in the third quarter. State Street Corp now owns 2,988,970 shares of the company's stock valued at $30,906,000 after purchasing an additional 13,902 shares during the period. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Trading Down 0.3 %

Enviri stock traded down $0.03 during trading on Friday, hitting $8.63. The company had a trading volume of 612,868 shares, compared to its average volume of 1,159,688. Enviri Co. has a 1-year low of $6.57 and a 1-year high of $12.79. The company's 50 day simple moving average is $7.68 and its 200-day simple moving average is $9.34. The stock has a market cap of $691.21 million, a price-to-earnings ratio of -7.01 and a beta of 2.15. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The firm had revenue of $573.60 million for the quarter, compared to analysts' expectations of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The business's revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. As a group, analysts expect that Enviri Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their price target on Enviri from $13.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, November 1st.

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.