D.B. Root & Company LLC Decreases Holdings in Enviri Corporation $NVRI

Key Points

• D.B. Root & Company LLC reduced its holdings in Enviri Corporation by 51.1% during the 2nd quarter, leaving them with 25,928 shares valued at $225,000.
• Several institutional investors have altered their positions in Enviri, with Neuberger Berman Group LLC increasing their stake by 21.2% in the 1st quarter, now holding 5,755,670 shares worth approximately $38.3 million.
• Enviri reported a quarterly loss of ($0.22) earnings per share, missing estimates and showing a 7.9% decline in revenue compared to the same quarter last year.

D.B. Root & Company LLC reduced its position in Enviri Corporation (NYSE:NVRI - Free Report) by 51.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,928 shares of the company's stock after selling 27,098 shares during the quarter. D.B. Root & Company LLC's holdings in Enviri were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Neuberger Berman Group LLC boosted its position in shares of Enviri by 21.2% in 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. HG Vora Capital Management LLC purchased a new stake in Enviri in the first quarter valued at about $23,275,000. Brightline Capital Management LLC boosted its holdings in Enviri by 17.1% in the first quarter. Brightline Capital Management LLC now owns 1,294,000 shares of the company's stock worth $8,605,000 after acquiring an additional 189,000 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Enviri by 2.7% during the first quarter. Principal Financial Group Inc. now owns 398,999 shares of the company's stock worth $2,653,000 after acquiring an additional 10,447 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Enviri by 3.1% during the first quarter. Empowered Funds LLC now owns 396,638 shares of the company's stock valued at $2,638,000 after acquiring an additional 11,762 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Stock Performance

NVRI opened at $11.80 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55. Enviri Corporation has a 12-month low of $4.72 and a 12-month high of $12.84. The firm has a 50 day moving average of $10.95 and a two-hundred day moving average of $8.80. The firm has a market capitalization of $951.67 million, a PE ratio of -6.02 and a beta of 1.93.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Enviri from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Enviri in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $10.00.

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.

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