Mill Road Capital Management LLC Acquires 811,859 Shares of Enviri Co. (NYSE:NVRI)

Mill Road Capital Management LLC grew its holdings in Enviri Co. (NYSE:NVRI - Free Report) by 82.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,795,131 shares of the company's stock after purchasing an additional 811,859 shares during the period. Enviri makes up 6.6% of Mill Road Capital Management LLC's portfolio, making the stock its 7th biggest position. Mill Road Capital Management LLC owned about 2.24% of Enviri worth $13,823,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings 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 purchasing an additional 102,405 shares in the last quarter. FMR LLC lifted its holdings in shares of Enviri by 34.4% in the third quarter. FMR LLC now owns 7,069 shares of the company's stock valued at $73,000 after purchasing an additional 1,809 shares in the last quarter. Amundi lifted its holdings 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 purchasing an additional 42,194 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Enviri in the fourth quarter valued at $943,000. Finally, Invesco Ltd. raised its holdings in shares of Enviri by 26.9% during the fourth quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock worth $16,376,000 after acquiring an additional 450,327 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Insiders Place Their Bets

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of the 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 completion of the transaction, the senior vice president now directly owns 120,357 shares of the company's stock, valued at $754,638.39. This represents a 50.01 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tom George Vadaketh bought 40,297 shares of the stock in a transaction on Friday, March 14th. The shares were acquired 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. The trade was a 43.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company's stock.

Enviri Stock Down 0.7 %

Shares of NYSE:NVRI traded down $0.05 during midday trading on Tuesday, hitting $6.81. 132,261 shares of the stock were exchanged, compared to its average volume of 929,553. 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 52-week low of $4.72 and a 52-week high of $12.79. The business's fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $7.65. The company has a market capitalization of $545.85 million, a PE ratio of -4.28 and a beta of 1.97.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. The business had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same period last year, the company earned ($0.07) earnings per share. As a group, research 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.