Bridgeway Capital Management LLC Lowers Position in Enviri Co. (NYSE:NVRI)

Bridgeway Capital Management LLC cut its stake in shares of Enviri Co. (NYSE:NVRI - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 964,832 shares of the company's stock after selling 328,713 shares during the period. Bridgeway Capital Management LLC owned approximately 1.20% of Enviri worth $7,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVRI. Barclays PLC grew its stake in shares of Enviri by 344.8% in the third quarter. Barclays PLC now owns 132,106 shares of the company's stock valued at $1,367,000 after buying an additional 102,405 shares in the last quarter. Amundi boosted its position in shares of Enviri by 262.3% in the fourth quarter. Amundi now owns 58,278 shares of the company's stock valued at $491,000 after acquiring an additional 42,194 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Enviri during the 4th quarter worth approximately $943,000. Invesco Ltd. raised its holdings in Enviri by 26.9% in the 4th quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock valued at $16,376,000 after acquiring an additional 450,327 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in Enviri by 38,371.1% during the fourth quarter. Quantbot Technologies LP now owns 51,936 shares of the company's stock worth $400,000 after purchasing an additional 51,801 shares during the period. 93.43% of the stock is currently owned by institutional investors.

Insider Transactions at Enviri

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

Enviri Price Performance

NVRI traded up $0.33 during trading on Monday, hitting $7.38. 257,389 shares of the stock traded hands, compared to its average volume of 703,999. Enviri Co. has a twelve month low of $4.72 and a twelve month high of $12.79. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. The business has a 50 day moving average price of $6.34 and a 200 day moving average price of $7.44. The company has a market cap of $591.89 million, a price-to-earnings ratio of -4.64 and a beta of 1.79.

Enviri (NYSE:NVRI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.03. The business had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The firm's revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. Equities research analysts forecast 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.