Vanguard Group Inc. Trims Holdings in Enviri Co. (NYSE:NVRI)

Vanguard Group Inc. reduced its position in shares of Enviri Co. (NYSE:NVRI - Free Report) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,714,699 shares of the company's stock after selling 1,774,362 shares during the quarter. Vanguard Group Inc. owned about 7.13% of Enviri worth $44,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NVRI. FMR LLC increased its holdings in shares of Enviri by 34.4% in 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. BNP Paribas Financial Markets boosted its holdings in shares of Enviri by 18.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company's stock valued at $355,000 after buying an additional 5,342 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Enviri in the 3rd quarter worth approximately $281,000. State Street Corp lifted its position in Enviri by 0.5% during the third quarter. State Street Corp now owns 2,988,970 shares of the company's stock valued at $30,906,000 after acquiring an additional 13,902 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Enviri by 90.0% in the third quarter. Jane Street Group LLC now owns 275,111 shares of the company's stock valued at $2,845,000 after acquiring an additional 130,292 shares in the last quarter. 93.43% of the stock is owned by institutional investors.

Enviri Stock Up 1.2 %

Shares of NVRI stock traded up $0.07 during trading hours on Thursday, reaching $5.77. 87,688 shares of the company's stock were exchanged, compared to its average volume of 956,643. Enviri Co. has a fifty-two week low of $4.72 and a fifty-two week high of $12.79. The stock's 50 day moving average is $6.75 and its 200-day moving average is $7.90. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The company has a market cap of $462.83 million, a price-to-earnings ratio of -3.63 and a beta of 1.97.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data 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. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The firm had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Insider Transactions at Enviri

In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the company's stock in a transaction dated Friday, March 14th. The shares were purchased 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 directly owns 132,431 shares of the company's stock, valued at approximately $821,072.20. The trade was a 43.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.27 per share, with a total value of $251,596.29. Following the acquisition, the senior vice president now directly owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company's stock.

About Enviri

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.