642,518 Shares in Enviri Corporation $NVRI Purchased by SG Americas Securities LLC

Key Points

• SG Americas Securities bought a new stake of 642,518 shares in Enviri (NVRI) in Q4, valued at about $11.5 million, bringing its ownership to roughly 0.80%.
• Enviri reported a Q that beat estimates with EPS of ($0.17) vs. ($0.20) expected and revenue of $555.01M, but remains unprofitable with a negative net margin and negative ROE.
• The stock trades near $18.86 with a market cap of about $1.54 billion; analysts have a consensus rating of Hold and a consensus price target of $25.00.

SG Americas Securities LLC purchased a new stake in shares of Enviri Corporation (NYSE:NVRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 642,518 shares of the company's stock, valued at approximately $11,514,000. SG Americas Securities LLC owned about 0.80% of Enviri as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Amalgamated Bank raised its stake in shares of Enviri by 3.6% during the 3rd quarter. Amalgamated Bank now owns 23,636 shares of the company's stock worth $300,000 after purchasing an additional 825 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Enviri by 5.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company's stock valued at $317,000 after buying an additional 872 shares in the last quarter. Rhumbline Advisers increased its holdings in Enviri by 0.5% during the second quarter. Rhumbline Advisers now owns 238,076 shares of the company's stock worth $2,066,000 after buying an additional 1,150 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company's stock worth $110,000 after buying an additional 1,554 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 acquiring an additional 2,028 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVRI has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Enviri to a "hold" rating in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Enviri in a report on Thursday, January 22nd. CJS Securities upgraded shares of Enviri to a "hold" rating in a research note on Thursday, December 11th. Finally, 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 investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.00.

Enviri Stock Up 0.1%

NVRI opened at $18.86 on Monday. The stock's fifty day simple moving average is $18.61 and its 200 day simple moving average is $16.29. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $19.48. The stock has a market cap of $1.54 billion, a PE ratio of -8.89 and a beta of 1.77. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 5.18.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.03. The firm had revenue of $555.01 million during the quarter, compared to analysts' expectations of $550.90 million. Enviri had a negative net margin of 7.62% and a negative return on equity of 13.47%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, research analysts expect that Enviri Corporation will post -0.13 earnings per share for the current year.

About Enviri

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.

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