D. E. Shaw & Co. Inc. Increases Position in Enviri Co. (NYSE:NVRI)

D. E. Shaw & Co. Inc. grew its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,825,488 shares of the company's stock after purchasing an additional 1,127,647 shares during the period. D. E. Shaw & Co. Inc. owned approximately 6.02% of Enviri worth $37,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dark Forest Capital Management LP acquired a new stake in shares of Enviri in the 4th quarter worth approximately $78,000. Envestnet Asset Management Inc. acquired a new stake in shares of Enviri in the 4th quarter worth approximately $86,000. AXQ Capital LP acquired a new stake in shares of Enviri in the 4th quarter worth approximately $88,000. Nebula Research & Development LLC acquired a new stake in shares of Enviri in the 4th quarter worth approximately $93,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Enviri in the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 93.43% of the company's stock.

Insider Buying and Selling at Enviri

In related news, 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 cost 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 $821,072.20. This trade represents a 43.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Russell C. Hochman bought 40,127 shares of the company's stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the transaction, the senior vice president now owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01% increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.

Enviri Price Performance

NVRI stock traded down $0.07 on Wednesday, reaching $7.58. The company had a trading volume of 565,090 shares, compared to its average volume of 710,221. The company's fifty day moving average is $6.43 and its 200 day moving average is $7.43. The company has a market cap of $608.01 million, a P/E ratio of -4.77 and a beta of 1.79. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. Enviri Co. has a 1 year low of $4.72 and a 1 year high of $12.79.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. The firm had revenue of $548.28 million for the quarter, compared to analysts' expectations of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. Enviri's quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, research analysts forecast 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.