Enviri Co. (NYSE:NVRI) Shares Acquired by Brightline Capital Management LLC

Brightline Capital Management LLC increased its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,000 shares of the company's stock after purchasing an additional 105,000 shares during the period. Enviri accounts for 6.7% of Brightline Capital Management LLC's investment portfolio, making the stock its 6th largest holding. Brightline Capital Management LLC owned 1.38% of Enviri worth $8,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its stake in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company's stock worth $73,000 after purchasing an additional 1,809 shares during the last quarter. BNP Paribas Financial Markets increased its position in Enviri by 18.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company's stock worth $355,000 after purchasing an additional 5,342 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Enviri in the 3rd quarter valued at approximately $281,000. State Street Corp grew its holdings in Enviri by 0.5% during the third quarter. State Street Corp now owns 2,988,970 shares of the company's stock worth $30,906,000 after acquiring an additional 13,902 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Enviri by 90.0% in the third quarter. Jane Street Group LLC now owns 275,111 shares of the company's stock valued at $2,845,000 after acquiring an additional 130,292 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Tom George Vadaketh bought 40,297 shares of Enviri stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $6.20 per share, with a total value of $249,841.40. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Russell C. Hochman acquired 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $6.27 per share, with a total value 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. This trade represents a 50.01 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.50% of the company's stock.

Enviri Price Performance

NVRI stock traded up $0.21 during trading on Thursday, reaching $5.91. 198,367 shares of the company were exchanged, compared to its average volume of 685,806. The stock's 50 day moving average price is $6.75 and its 200 day moving average price is $7.90. Enviri Co. has a 52-week low of $4.70 and a 52-week high of $12.79. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The company has a market cap of $474.06 million, a P/E ratio of -3.71 and a beta of 1.97.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.05. The firm had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same quarter in the prior year, the business posted ($0.07) earnings per share. As a group, analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

About Enviri

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.