Bank of New York Mellon Corp reduced its position in Enviri Corporation (NYSE:NVRI - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 532,736 shares of the company's stock after selling 31,639 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of Enviri worth $3,543,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Enviri by 1,216.8% during the first quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock worth $81,000 after buying an additional 11,207 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Enviri during the fourth quarter worth $943,000. Invesco Ltd. lifted its stake in shares of Enviri by 26.9% during the fourth quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock worth $16,376,000 after buying an additional 450,327 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Enviri by 266.9% during the fourth quarter. Squarepoint Ops LLC now owns 65,949 shares of the company's stock worth $508,000 after buying an additional 47,974 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Enviri by 30.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock worth $37,156,000 after buying an additional 1,127,647 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Enviri from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.
Get Our Latest Report on Enviri
Enviri Trading Down 0.2%
NYSE NVRI opened at $9.36 on Friday. The company has a market capitalization of $750.36 million, a PE ratio of -6.07 and a beta of 1.80. The company has a fifty day moving average of $8.57 and a 200 day moving average of $7.75. Enviri Corporation has a 1 year low of $4.72 and a 1 year high of $12.79. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.28 and a quick ratio of 0.94.
Enviri (NYSE:NVRI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. The company had revenue of $548.28 million during the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative net margin of 5.39% and a negative return on equity of 3.43%. The firm's quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Research analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current year.
Enviri Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding NVRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enviri Corporation (NYSE:NVRI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enviri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enviri wasn't on the list.
While Enviri currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
