Meros Investment Management LP Reduces Holdings in Enviri Corporation $NVRI

Key Points

• Meros Investment Management LP reduced its holdings in Enviri Corporation (NYSE:NVRI) by 42.9% in the first quarter, now owning approximately 475,490 shares, valued at $3.16 million.
• The company reported a loss of $0.22 earnings per share for the latest quarter, missing analysts' expectations, and its revenue declined 7.9% year-over-year.
• Enviri's shares experienced a 3.1% decline recently, with a current trading price of $9.77, reflecting ongoing volatility in the stock.

Meros Investment Management LP reduced its position in Enviri Corporation (NYSE:NVRI - Free Report) by 42.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,490 shares of the company's stock after selling 357,785 shares during the quarter. Enviri accounts for approximately 1.9% of Meros Investment Management LP's investment portfolio, making the stock its 24th largest holding. Meros Investment Management LP owned approximately 0.59% of Enviri worth $3,162,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Graham Capital Management L.P. lifted its holdings in shares of Enviri by 8.7% during the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock valued at $139,000 after purchasing an additional 1,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enviri by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock worth $347,000 after buying an additional 1,572 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Enviri by 17.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after purchasing an additional 1,631 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Enviri by 2.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock worth $606,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Corton Capital Inc. increased its holdings in Enviri by 50.9% in 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 in the last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Trading Up 1.6%

NYSE:NVRI traded up $0.1630 during trading hours on Wednesday, reaching $10.3630. 1,115,118 shares of the stock were exchanged, compared to its average volume of 824,843. Enviri Corporation has a twelve month low of $4.72 and a twelve month high of $11.95. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. The business has a 50-day moving average of $8.96 and a two-hundred day moving average of $7.77. The company has a market capitalization of $835.76 million, a price-to-earnings ratio of -5.29 and a beta of 1.77.

Enviri (NYSE:NVRI - Get Free Report) last posted 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 analysts' expectations of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. Enviri's quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, equities analysts predict that Enviri Corporation will post -0.13 EPS for the current year.

Analyst Ratings Changes

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