Trexquant Investment LP Lowers Stock Holdings in Enviri Co. (NYSE:NVRI)

Trexquant Investment LP decreased its holdings in Enviri Co. (NYSE:NVRI - Free Report) by 83.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,997 shares of the company's stock after selling 146,327 shares during the quarter. Trexquant Investment LP's holdings in Enviri were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Enviri by 34.4% during the 3rd 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. Stoneridge Investment Partners LLC grew its position in Enviri by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after purchasing an additional 2,412 shares during the last quarter. American Century Companies Inc. raised its holdings in Enviri by 43.2% in the fourth quarter. American Century Companies Inc. now owns 29,391 shares of the company's stock worth $226,000 after buying an additional 8,865 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Enviri by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 388,552 shares of the company's stock worth $2,992,000 after buying an additional 10,977 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Enviri during the fourth quarter valued at approximately $88,000. Institutional investors own 93.43% of the company's stock.

Insider Activity

In other Enviri news, CFO Tom George Vadaketh acquired 40,297 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were bought 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 owns 132,431 shares in the company, valued at $821,072.20. This represents a 43.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Russell C. Hochman purchased 40,127 shares of the firm's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $6.27 per share, for a total transaction 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 approximately $754,638.39. This trade represents a 50.01 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

Enviri Stock Up 2.9 %

NVRI stock traded up $0.17 during midday trading on Friday, hitting $5.87. The company's stock had a trading volume of 433,254 shares, compared to its average volume of 690,596. The company has a market cap of $470.53 million, a PE ratio of -3.69 and a beta of 1.97. The firm's 50-day moving average is $6.61 and its 200-day moving average is $7.82. Enviri Co. has a 12 month low of $4.72 and a 12 month high of $12.79. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. The company had revenue of $558.71 million for the quarter, compared to analysts' expectations 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 firm posted ($0.07) earnings per share. On average, equities research analysts forecast 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.