Enviri (NYSE:NVRI) Upgraded to Hold at Wall Street Zen

Enviri (NYSE:NVRI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Enviri Price Performance

NYSE:NVRI opened at $8.42 on Friday. Enviri has a 52 week low of $4.72 and a 52 week high of $12.79. The stock's fifty day moving average is $7.15 and its two-hundred day moving average is $7.50. The company has a market capitalization of $675.39 million, a P/E ratio of -5.30 and a beta of 1.81. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The business had revenue of $548.28 million during the quarter, compared to analysts' expectations of $560.00 million. During the same period last year, the business earned ($0.03) earnings per share. The business's revenue for the quarter was down 8.7% on a year-over-year basis. Equities analysts expect that Enviri will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Enviri

Institutional investors and hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC grew its position in Enviri by 21.2% in the 1st quarter. Neuberger Berman Group LLC now owns 5,755,670 shares of the company's stock valued at $38,299,000 after acquiring an additional 1,008,706 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Enviri by 30.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock valued at $37,156,000 after purchasing an additional 1,127,647 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Enviri by 14.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock worth $34,464,000 after buying an additional 563,100 shares during the period. Dimensional Fund Advisors LP increased its stake in Enviri by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company's stock worth $34,411,000 after buying an additional 191,777 shares during the period. Finally, HG Vora Capital Management LLC acquired a new stake in Enviri during the 1st quarter worth approximately $23,275,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

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.

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