Enviri Co. (NYSE:NVRI) Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA increased its stake in Enviri Co. (NYSE:NVRI - Free Report) by 93.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,912 shares of the company's stock after acquiring an additional 439,102 shares during the period. Leeward Investments LLC MA owned approximately 1.13% of Enviri worth $9,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 purchasing an additional 62,298 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 249,181 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake 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 valued at $33,729,000 after buying an additional 132,000 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Enviri by 11.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company's stock worth $32,999,000 after buying an additional 383,395 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Enviri by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company's stock worth $5,617,000 after acquiring an additional 15,084 shares in the last quarter. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enviri Stock Performance

Shares of Enviri stock traded down $0.48 during trading hours on Thursday, hitting $7.09. 608,783 shares of the company were exchanged, compared to its average volume of 458,058. The business has a 50-day moving average of $9.98 and a 200-day moving average of $9.57. Enviri Co. has a 1 year low of $5.64 and a 1 year high of $12.79. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $568.16 million, a price-to-earnings ratio of -5.76 and a beta of 2.22.

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

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.