Goldman Sachs Group Inc. Sells 113,517 Shares of Enviri Corporation $NVRI

Key Points

• Goldman Sachs Group Inc. reduced its stake in Enviri Corporation by 19.1% in the first quarter, now holding 479,312 shares worth approximately $3.2 million.
• Enviri's quarterly earnings report revealed an earnings per share (EPS) of ($0.22), missing analysts' estimates and showing a 7.9% decline in revenue compared to the previous year.
• Wall Street analysts have recently downgraded Enviri's rating from "hold" to "sell", with a consensus price target of $10.00.

Goldman Sachs Group Inc. trimmed its position in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 19.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 479,312 shares of the company's stock after selling 113,517 shares during the period. Goldman Sachs Group Inc. owned 0.60% of Enviri worth $3,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NVRI. Brooklyn Investment Group lifted its position in Enviri by 11,332.3% during the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock worth $49,000 after acquiring an additional 7,366 shares during the last quarter. Entropy Technologies LP acquired a new position in Enviri during the 1st quarter worth $70,000. Teacher Retirement System of Texas acquired a new position in Enviri during the 1st quarter worth $74,000. Kovitz Investment Group Partners LLC acquired a new position in Enviri during the 1st quarter worth $78,000. Finally, GAMMA Investing LLC lifted its position in 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 acquiring an additional 11,207 shares during the last quarter. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Up 0.5%

NVRI traded up $0.06 during mid-day trading on Monday, hitting $12.34. The stock had a trading volume of 287,211 shares, compared to its average volume of 887,176. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $12.84. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The stock's fifty day simple moving average is $10.31 and its 200-day simple moving average is $8.35. The firm has a market capitalization of $995.30 million, a price-to-earnings ratio of -6.30 and a beta of 1.89.

Enviri (NYSE:NVRI - Get Free Report) last issued 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 return on equity of 7.86% and a negative net margin of 7.02%.The company had revenue of $562.25 million for the quarter, compared to analyst estimates of $576.50 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The company's 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, research analysts forecast that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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