Bank of Montreal Can Sells 347,528 Shares of Enviri Co. (NYSE:NVRI)

Bank of Montreal Can reduced its stake in Enviri Co. (NYSE:NVRI - Free Report) by 94.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,648 shares of the company's stock after selling 347,528 shares during the period. Bank of Montreal Can's holdings in Enviri were worth $151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Enviri by 344.8% during the 3rd quarter. Barclays PLC now owns 132,106 shares of the company's stock valued at $1,367,000 after purchasing an additional 102,405 shares in the last quarter. Amundi boosted its position in shares of Enviri by 262.3% during the fourth quarter. Amundi now owns 58,278 shares of the company's stock worth $491,000 after buying an additional 42,194 shares during the period. Raymond James Financial Inc. bought a new position in shares of Enviri during the fourth quarter worth about $943,000. Geode Capital Management LLC raised its position in Enviri by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company's stock valued at $19,020,000 after buying an additional 28,166 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Enviri by 38,371.1% during the 4th quarter. Quantbot Technologies LP now owns 51,936 shares of the company's stock worth $400,000 after acquiring an additional 51,801 shares during the last quarter. Institutional investors own 93.43% of the company's stock.

Insider Buying and Selling at Enviri

In related news, SVP Russell C. Hochman acquired 40,127 shares of the firm's stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the acquisition, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible 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 shares were bought at an average price of $6.20 per share, with a total value of $249,841.40. Following the completion of 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 disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company's stock.

Enviri Stock Up 3.7 %

Shares of NVRI stock traded up $0.26 during trading on Thursday, reaching $7.13. The company's stock had a trading volume of 211,306 shares, compared to its average volume of 698,296. Enviri Co. has a one year low of $4.72 and a one year high of $12.79. The business has a fifty day moving average price of $6.27 and a 200-day moving average price of $7.64. The company has a market cap of $571.60 million, a price-to-earnings ratio of -4.47 and a beta of 1.97. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The company's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. Analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current 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.