Bridgeway Capital Management LLC Sells 180,614 Shares of Enviri Corporation $NVRI

Key Points

• Bridgeway Capital Management LLC has reduced its holdings in Enviri Corporation (NYSE:NVRI) by 18.7%, selling 180,614 shares and now owning 784,218 shares valued at approximately $5.2 million.
• Enviri's stock price has increased by 6.3% and opened at $11.78, showing significant growth from its 1-year low of $4.72.
• In its latest earnings report, Enviri reported a loss of ($0.22) per share, missing analysts' expectations, and the company has set its FY 2025 guidance between -0.520 and -0.300 EPS.

Bridgeway Capital Management LLC lowered its position in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 784,218 shares of the company's stock after selling 180,614 shares during the quarter. Bridgeway Capital Management LLC owned 0.98% of Enviri worth $5,215,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NVRI. GAMMA Investing LLC grew its stake 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 purchasing an additional 11,207 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Enviri by 83.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 140,065 shares of the company's stock worth $931,000 after buying an additional 63,827 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Enviri by 26.6% in the 1st quarter. Public Sector Pension Investment Board now owns 254,114 shares of the company's stock worth $1,690,000 after buying an additional 53,423 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Enviri by 266.9% in the 4th quarter. Squarepoint Ops LLC now owns 65,949 shares of the company's stock worth $508,000 after buying an additional 47,974 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in Enviri by 30.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock valued at $37,156,000 after purchasing an additional 1,127,647 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Stock Up 1.0%

Enviri stock traded up $0.12 during mid-day trading on Wednesday, hitting $11.81. 394,983 shares of the company's stock were exchanged, compared to its average volume of 868,581. The stock has a 50 day moving average of $9.77 and a two-hundred day moving average of $8.02. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $12.03. The stock has a market cap of $952.48 million, a P/E ratio of -6.03 and a beta of 1.89. 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 (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.11). Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The company had revenue of $562.25 million for the quarter, compared to analyst estimates of $576.50 million. During the same period in the prior year, the company posted $0.02 EPS. The firm's quarterly revenue was down 7.9% on a year-over-year basis. 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, analysts anticipate that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Enviri from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.