Enviri Co. (NYSE:NVRI) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its stake in Enviri Co. (NYSE:NVRI - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,204 shares of the company's stock after selling 44,112 shares during the period. Bank of America Corp DE owned about 0.18% of Enviri worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Enviri by 2.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock valued at $606,000 after purchasing an additional 1,751 shares during the period. Stoneridge Investment Partners LLC raised its position in Enviri by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after purchasing an additional 2,412 shares in the last quarter. Barclays PLC lifted its holdings in shares of Enviri by 5.6% in the 4th quarter. Barclays PLC now owns 139,541 shares of the company's stock worth $1,074,000 after buying an additional 7,435 shares during the period. American Century Companies Inc. grew its position in shares of Enviri by 43.2% during the 4th quarter. American Century Companies Inc. now owns 29,391 shares of the company's stock worth $226,000 after buying an additional 8,865 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Enviri by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 47,222 shares of the company's stock valued at $364,000 after acquiring an additional 9,049 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Tom George Vadaketh acquired 40,297 shares of Enviri stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the purchase, the chief financial officer now directly owns 132,431 shares in the company, valued at $821,072.20. The trade was a 43.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Russell C. Hochman purchased 40,127 shares of the business's stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the acquisition, the senior vice president now directly owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company's stock.

Enviri Stock Up 0.1%

Enviri stock traded up $0.01 during midday trading on Tuesday, hitting $8.51. 451,643 shares of the company's stock were exchanged, compared to its average volume of 731,882. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The company has a market cap of $682.37 million, a PE ratio of -5.35 and a beta of 1.81. The firm has a 50-day moving average of $6.96 and a two-hundred day moving average of $7.48. Enviri Co. has a 12 month low of $4.72 and a 12 month high of $12.79.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share. As a group, analysts expect that Enviri Co. will post -0.13 earnings per share for the current fiscal 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.