50,177 Shares in Enviri Corporation $NVRI Purchased by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. acquired a new stake in Enviri Corporation, purchasing 50,177 shares valued at approximately $334,000, representing 0.06% ownership in the company.
• Several institutional investors, including Neuberger Berman Group LLC and D. E. Shaw & Co. Inc., increased their stakes in Enviri, reflecting growing interest in the firm.
• Enviri's stock was recently downgraded from a "hold" rating to a "sell" rating by analysts, with the current consensus rating remaining a "hold" and an average target price of $10.00.

Aristeia Capital L.L.C. bought a new position in Enviri Corporation (NYSE:NVRI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,177 shares of the company's stock, valued at approximately $334,000. Aristeia Capital L.L.C. owned about 0.06% of Enviri as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Graham Capital Management L.P. raised its holdings in shares of Enviri by 8.7% in the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after purchasing an additional 1,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Enviri by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock valued at $347,000 after acquiring an additional 1,572 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after acquiring an additional 1,631 shares during the period. ProShare Advisors LLC raised its holdings in Enviri by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 23,876 shares of the company's stock valued at $184,000 after acquiring an additional 7,325 shares during the period. Finally, Brooklyn Investment Group raised its holdings in Enviri by 11,332.3% during the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after acquiring an additional 7,366 shares during the period. Institutional investors own 93.43% of the company's stock.

Enviri Trading Down 0.2%

NYSE NVRI traded down $0.03 during trading on Friday, hitting $12.21. 1,183,066 shares of the company's stock traded hands, compared to its average volume of 1,278,744. The stock has a fifty day moving average of $9.97 and a two-hundred day moving average of $8.12. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. Enviri Corporation has a 12-month low of $4.72 and a 12-month high of $12.40. The firm has a market cap of $984.74 million, a P/E ratio of -6.23 and a beta of 1.89.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The business had revenue of $562.25 million for the quarter, compared to analysts' expectations of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The business's quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. As a group, sell-side analysts expect that Enviri Corporation will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Enviri from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.00.

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.