Mackenzie Financial Corp Purchases 59,251 Shares of Enviri Co. (NYSE:NVRI)

Mackenzie Financial Corp increased its position in Enviri Co. (NYSE:NVRI - Free Report) by 122.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,767 shares of the company's stock after buying an additional 59,251 shares during the quarter. Mackenzie Financial Corp owned 0.13% of Enviri worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Graham Capital Management L.P. boosted its stake in Enviri by 8.7% in the fourth quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after buying an additional 1,443 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Enviri by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock worth $347,000 after buying an additional 1,572 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Enviri by 17.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock worth $86,000 after buying an additional 1,631 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Enviri by 2.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock worth $606,000 after buying an additional 1,751 shares in the last quarter. Finally, Stoneridge Investment Partners LLC boosted its stake in Enviri by 20.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock worth $108,000 after buying an additional 2,412 shares in the last quarter. Institutional investors own 93.43% of the company's stock.

Enviri Trading Up 0.6%

Shares of NYSE:NVRI traded up $0.05 during trading on Thursday, reaching $8.18. 380,948 shares of the company traded hands, compared to its average volume of 731,080. The firm has a market capitalization of $655.74 million, a price-to-earnings ratio of -5.14 and a beta of 1.81. Enviri Co. has a 52-week low of $4.72 and a 52-week high of $12.79. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The business's fifty day moving average is $6.85 and its 200-day moving average is $7.45.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.18) 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 return on equity of 0.90% and a negative net margin of 5.46%. The firm's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) earnings per share. As a group, analysts forecast that Enviri Co. will post -0.13 EPS for the current year.

Insider Activity at Enviri

In other news, CFO Tom George Vadaketh acquired 40,297 shares of the firm's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the acquisition, the chief financial officer now owns 132,431 shares in the company, valued at $821,072.20. This trade represents a 43.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Russell C. Hochman acquired 40,127 shares of the firm's stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $6.27 per share, with a total value of $251,596.29. Following the acquisition, the senior vice president now owns 120,357 shares of the company's stock, valued at $754,638.39. This represents a 50.01% increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

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.