Enviri Corporation $NVRI Shares Sold by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its holdings in Enviri Corporation (NYSE: NVRI) by 17.8%, owning 358,204 shares after selling 77,397 during the first quarter.
• Enviri's stock has a current market cap of $885.94 million with a P/E ratio of -5.60, and it has experienced a negative net margin of 7.02%.
• Analysts have downgraded Enviri from a "hold" rating to a "sell" with a consensus price target of $10.00 and are expecting an EPS of -0.13 for the current fiscal year.

Panagora Asset Management Inc. lowered its stake in Enviri Corporation (NYSE:NVRI - Free Report) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,204 shares of the company's stock after selling 77,397 shares during the period. Panagora Asset Management Inc. owned 0.45% of Enviri worth $2,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Graham Capital Management L.P. raised its holdings in shares of Enviri by 8.7% during the fourth quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after purchasing an additional 1,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Enviri by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock worth $347,000 after purchasing an additional 1,572 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after buying an additional 1,631 shares during the period. Corton Capital Inc. grew its position in Enviri by 50.9% during the fourth quarter. Corton Capital Inc. now owns 16,001 shares of the company's stock valued at $123,000 after buying an additional 5,400 shares during the period. Finally, ProShare Advisors LLC grew its position in Enviri by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 23,876 shares of the company's stock valued at $184,000 after buying an additional 7,325 shares during the period. Hedge funds and other institutional investors own 93.43% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Enviri from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Enviri has an average rating of "Hold" and an average target price of $10.00.

Enviri Price Performance

Shares of NYSE NVRI traded up $0.01 during trading on Friday, hitting $11.75. The company had a trading volume of 1,429,056 shares, compared to its average volume of 1,262,990. The stock has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $7.96. Enviri Corporation has a fifty-two week low of $4.72 and a fifty-two week high of $11.97. The firm has a market capitalization of $947.23 million, a price-to-earnings ratio of -5.99 and a beta of 1.89. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results 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 for 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 business's revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. On average, research analysts expect that Enviri Corporation will post -0.13 earnings per share for the current year.

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.