Brightline Capital Management LLC Has $8.61 Million Position in Enviri Corporation $NVRI

Key Points

• Brightline Capital Management LLC increased its holdings in Enviri Corporation by 17.1% during the first quarter, owning 1,294,000 shares worth approximately $8.6 million, which makes it the sixth largest holding in their portfolio.
• Analyst ratings for Enviri have shifted, with Wall Street Zen downgrading the stock from a "hold" to a "sell" rating, amidst a consensus rating of "Hold" and a target price of $10.00.
• Enviri reported (−$0.22) earnings per share for the last quarter, missing the estimate and indicating a 7.9% decrease in revenue compared to the same quarter last year.

Brightline Capital Management LLC increased its holdings in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,294,000 shares of the company's stock after buying an additional 189,000 shares during the quarter. Enviri accounts for approximately 7.5% of Brightline Capital Management LLC's holdings, making the stock its 6th largest holding. Brightline Capital Management LLC owned 1.61% of Enviri worth $8,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. boosted 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 buying an additional 1,127,647 shares during the period. Neuberger Berman Group LLC increased its holdings in Enviri by 21.2% during the 1st quarter. Neuberger Berman Group LLC now owns 5,755,670 shares of the company's stock worth $38,299,000 after purchasing an additional 1,008,706 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Enviri by 5,438.2% in the 4th quarter. Hsbc Holdings PLC now owns 903,051 shares of the company's stock valued at $6,873,000 after purchasing an additional 886,745 shares during the period. Paradigm Capital Management Inc. NY lifted its holdings in shares of Enviri by 14.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock valued at $34,464,000 after purchasing an additional 563,100 shares in the last quarter. Finally, Meros Investment Management LP boosted its position in shares of Enviri by 192.1% during the fourth quarter. Meros Investment Management LP now owns 833,275 shares of the company's stock worth $6,416,000 after buying an additional 547,985 shares during the period. 93.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Enviri from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.00.

Enviri Stock Performance

Shares of Enviri stock traded down $0.03 on Wednesday, hitting $11.37. The stock had a trading volume of 1,518,040 shares, compared to its average volume of 848,455. The stock has a market cap of $917.31 million, a price-to-earnings ratio of -5.80 and a beta of 1.77. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. Enviri Corporation has a twelve month low of $4.72 and a twelve month high of $11.95. The business's 50 day moving average is $9.20 and its two-hundred day moving average is $7.83.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.11). The business had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.Enviri's revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Analysts forecast that Enviri Corporation will post -0.13 EPS for the current year.

Enviri Company Profile

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.