Venture Visionary Partners LLC Trims Stock Position in Enviri Corporation $NVRI

Key Points

• Venture Visionary Partners LLC reduced its stake in Enviri Corporation by 50% during the first quarter, now owning 0.07% of the company, valued at $367,000.
• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Enviri by 83.7%, now holding 140,065 shares worth $931,000, while institutional investors currently own 93.43% of the stock.
• Enviri's latest earnings report showed a loss of ($0.22) EPS, missing estimates, with a 7.9% year-over-year revenue decline.

Venture Visionary Partners LLC reduced its position in Enviri Corporation (NYSE:NVRI - Free Report) by 50.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,232 shares of the company's stock after selling 55,232 shares during the quarter. Venture Visionary Partners LLC owned approximately 0.07% of Enviri worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group grew its position in shares of Enviri by 11,332.3% in the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after purchasing an additional 7,366 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Enviri in the fourth quarter worth about $78,000. Entropy Technologies LP purchased a new position in shares of Enviri in the first quarter worth about $70,000. Envestnet Asset Management Inc. bought a new position in Enviri during the 4th quarter valued at approximately $86,000. Finally, Teacher Retirement System of Texas bought a new position in Enviri during the 1st quarter valued at approximately $74,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Up 0.2%

Shares of NVRI traded up $0.02 during mid-day trading on Wednesday, reaching $11.42. 96,860 shares of the company's stock traded hands, compared to its average volume of 840,201. Enviri Corporation has a 12 month low of $4.72 and a 12 month high of $11.95. The stock has a market cap of $921.02 million, a P/E ratio of -5.82 and a beta of 1.77. The stock's 50-day moving average is $9.20 and its two-hundred day moving average is $7.83. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The firm had revenue of $562.25 million during the quarter, compared to the consensus estimate 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 for the quarter was down 7.9% compared to the same quarter last year. During the same period last 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. Research analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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