Neuberger Berman Group LLC Has $36.53 Million Stock Position in Enviri Co. (NYSE:NVRI)

Neuberger Berman Group LLC boosted its stake in Enviri Co. (NYSE:NVRI - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,746,964 shares of the company's stock after acquiring an additional 155,146 shares during the period. Neuberger Berman Group LLC owned about 5.92% of Enviri worth $36,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company's stock valued at $73,000 after acquiring an additional 1,809 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Enviri in the fourth quarter worth $86,000. AXQ Capital LP acquired a new position in Enviri during the 4th quarter worth approximately $88,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Enviri during the fourth quarter valued at about $102,000. Finally, Stoneridge Investment Partners LLC raised its holdings in Enviri by 20.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after acquiring an additional 2,412 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

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Enviri Stock Performance

Shares of NYSE:NVRI traded up $0.02 during trading on Wednesday, hitting $5.70. 156,320 shares of the company traded hands, compared to its average volume of 683,991. 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 business's fifty day moving average is $6.81 and its 200-day moving average is $7.92. The stock has a market capitalization of $457.21 million, a price-to-earnings ratio of -3.58 and a beta of 1.97. Enviri Co. has a one year low of $4.72 and a one year high of $12.79.

Enviri (NYSE:NVRI - Get Free Report) last issued 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 firm had revenue of $558.71 million for the quarter, compared to analysts' expectations of $578.98 million. During the same quarter last year, the business posted ($0.07) EPS. As a group, equities analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal 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.