D. E. Shaw & Co. Inc. Boosts Stock 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 filing with the Securities and Exchange Commission. The institutional investor owned 4,825,488 shares of the company's stock after buying an additional 1,127,647 shares during the quarter. D. E. Shaw & Co. Inc. owned 6.02% of Enviri worth $37,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NVRI. Hsbc Holdings PLC raised its position in Enviri by 5,438.2% in the 4th quarter. Hsbc Holdings PLC now owns 903,051 shares of the company's stock worth $6,873,000 after purchasing an additional 886,745 shares during the period. Mill Road Capital Management LLC raised its position in Enviri by 82.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,795,131 shares of the company's stock worth $13,823,000 after purchasing an additional 811,859 shares during the period. Bridgewater Associates LP raised its position in Enviri by 944.3% in the 4th quarter. Bridgewater Associates LP now owns 612,997 shares of the company's stock worth $4,720,000 after purchasing an additional 554,300 shares during the period. AYAL Capital Advisors Ltd raised its position in Enviri by 145.0% in the 4th quarter. AYAL Capital Advisors Ltd now owns 881,924 shares of the company's stock worth $6,791,000 after purchasing an additional 521,924 shares during the period. Finally, Diameter Capital Partners LP purchased a new stake in Enviri in the 4th quarter worth about $3,850,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Tom George Vadaketh bought 40,297 shares of Enviri 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 completion of the acquisition, the chief financial officer now directly owns 132,431 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 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. Insiders own 2.50% of the company's stock.

Enviri Trading Up 2.2%

Enviri stock traded up $0.17 during midday trading on Friday, reaching $7.87. The stock had a trading volume of 227,009 shares, compared to its average volume of 916,080. 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 firm has a market cap of $631.20 million, a price-to-earnings ratio of -4.95 and a beta of 1.79. The company has a fifty day moving average of $6.46 and a 200 day moving average of $7.41. Enviri Co. has a 52-week low of $4.72 and a 52-week high of $12.79.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.03. The business had revenue of $548.28 million during 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%. The company's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. On average, analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Enviri 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.