Diameter Capital Partners LP Purchases New Stake in Enviri Co. (NYSE:NVRI)

Diameter Capital Partners LP bought a new position in Enviri Co. (NYSE:NVRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 500,000 shares of the company's stock, valued at approximately $3,850,000. Enviri makes up 0.6% of Diameter Capital Partners LP's portfolio, making the stock its 25th biggest holding. Diameter Capital Partners LP owned approximately 0.62% of Enviri at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dark Forest Capital Management LP bought a new stake in shares of Enviri during the fourth quarter valued at approximately $78,000. Envestnet Asset Management Inc. bought a new stake in shares of Enviri during the fourth quarter worth $86,000. AXQ Capital LP acquired a new position in shares of Enviri during the fourth quarter valued at $88,000. Nebula Research & Development LLC bought a new position in Enviri in the fourth quarter valued at about $93,000. Finally, Aquatic Capital Management LLC acquired a new stake in Enviri in the fourth quarter worth about $101,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Enviri

In other news, SVP Russell C. Hochman acquired 40,127 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the purchase, the senior vice president now directly owns 120,357 shares of the company's stock, valued at approximately $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tom George Vadaketh acquired 40,297 shares of the company's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction 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. This trade represents a 43.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.

Enviri Trading Up 5.2%

Enviri stock traded up $0.37 during trading hours on Monday, reaching $7.42. 313,402 shares of the company's stock traded hands, compared to its average volume of 704,292. The firm has a market capitalization of $594.78 million, a price-to-earnings ratio of -4.66 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 fifty-two week low of $4.72 and a fifty-two week high of $12.79. The firm's 50 day moving average is $6.34 and its 200-day moving average is $7.44.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share 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 analyst estimates of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. Enviri's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. On average, analysts predict 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.