Cove Street Capital LLC Purchases New Holdings in Enviri Corporation $NVRI

Key Points

• Cove Street Capital LLC invested $458,000 in Enviri Corporation, acquiring 68,923 shares, amounting to a 0.09% ownership by the end of the latest quarter.
• Several institutional investors, including Graham Capital Management and Corton Capital Inc., increased their stakes in Enviri, with 93.43% of the stock currently owned by hedge funds and institutional investors.
• Enviri Corporation reported a quarterly EPS of ($0.22), missing estimates, and projected FY 2025 guidance is set between -0.520 and -0.300 EPS.

Cove Street Capital LLC acquired a new position in shares of Enviri Corporation (NYSE:NVRI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,923 shares of the company's stock, valued at approximately $458,000. Cove Street Capital LLC owned 0.09% of Enviri at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in Enviri by 11,332.3% in the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after purchasing an additional 7,366 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Enviri in the 1st quarter worth approximately $70,000. Teacher Retirement System of Texas acquired a new position in shares of Enviri in the 1st quarter valued at $74,000. Kovitz Investment Group Partners LLC bought a new stake in Enviri in the first quarter valued at about $78,000. Finally, GAMMA Investing LLC lifted its position in shares of Enviri by 1,216.8% during the 1st 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. Institutional investors and hedge funds own 93.43% of the company's stock.

Enviri Trading Down 1.0%

NVRI traded down $0.12 during mid-day trading on Monday, hitting $11.64. The stock had a trading volume of 1,011,586 shares, compared to its average volume of 872,635. The stock's fifty day simple moving average is $9.66 and its 200-day simple moving average is $7.96. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The firm has a market capitalization of $938.93 million, a price-to-earnings ratio of -5.94 and a beta of 1.89. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $11.97.

Enviri (NYSE:NVRI - Get Free Report) last announced 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). Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The business had revenue of $562.25 million during the quarter, compared to the consensus estimate of $576.50 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm's revenue was down 7.9% compared to the same quarter last year. 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, research analysts forecast that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of 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 currently has an average rating of "Hold" and an average price target 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.