130,000 Shares in Enviri Corporation $NVRI Acquired by Credit Industriel ET Commercial

Key Points

• Credit Industriel ET Commercial opened a new position in Enviri (NYSE:NVRI) in Q4, buying 130,000 shares worth about $2.33 million and owning roughly 0.16% of the company.
• Enviri posted a Q4 EPS of ($0.17) beating estimates by $0.03 and revenue of $555.0M (slightly above estimates), but the company remains unprofitable with a negative net margin and a market cap of about $1.6 billion.
• Institutional ownership is high at about 93.43%, while Wall Street sentiment is mixed (consensus "Hold", average price target $25 with one Buy, two Holds and one Sell).

Credit Industriel ET Commercial bought a new position in Enviri Corporation (NYSE:NVRI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 130,000 shares of the company's stock, valued at approximately $2,330,000. Credit Industriel ET Commercial owned about 0.16% of Enviri as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its holdings in Enviri by 3.6% in the 3rd quarter. Amalgamated Bank now owns 23,636 shares of the company's stock worth $300,000 after purchasing an additional 825 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company's stock worth $317,000 after purchasing an additional 872 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company's stock worth $110,000 after purchasing an additional 1,554 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Enviri by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company's stock worth $313,000 after buying an additional 2,028 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Enviri during the fourth quarter worth approximately $37,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Up 1.2%

Shares of NVRI stock opened at $19.39 on Wednesday. The stock has a 50 day moving average of $18.86 and a 200-day moving average of $17.58. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 5.18. The firm has a market cap of $1.60 billion, a PE ratio of -9.14 and a beta of 1.59. Enviri Corporation has a 12 month low of $6.67 and a 12 month high of $19.99.

Enviri (NYSE:NVRI - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.03. The business had revenue of $555.01 million during the quarter, compared to analyst estimates of $550.90 million. Enviri had a negative return on equity of 13.47% and a negative net margin of 7.62%.Enviri's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, equities analysts predict that Enviri Corporation will post -0.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Enviri in a report on Tuesday, April 21st. Lake Street Capital reiterated a "buy" rating and set a $25.00 price target on shares of Enviri in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.00.

Enviri Profile

Enviri Inc NYSE: NVRI is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.