Meros Investment Management LP Sells 357,785 Shares of 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 lessened its stake in Enviri Corporation (NYSE:NVRI - Free Report) by 42.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 475,490 shares of the company's stock after selling 357,785 shares during the period. Enviri comprises approximately 1.9% of Meros Investment Management LP's portfolio, making the stock its 24th largest position. Meros Investment Management LP owned 0.59% of Enviri worth $3,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVRI. Graham Capital Management L.P. lifted its position in Enviri by 8.7% in the fourth quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock valued at $139,000 after acquiring an additional 1,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 buying an additional 1,572 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of 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 lifted its stake in shares of Enviri by 2.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock valued at $606,000 after buying an additional 1,751 shares during the period. Finally, Corton Capital Inc. lifted its stake in shares of 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. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Trading Up 2.9%

Shares of Enviri stock traded up $0.30 during trading on Thursday, hitting $10.64. The stock had a trading volume of 851,250 shares, compared to its average volume of 829,623. 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 company has a market capitalization of $858.12 million, a PE ratio of -5.43 and a beta of 1.77. The stock has a 50 day simple moving average of $9.00 and a 200 day simple moving average of $7.79. Enviri Corporation has a 1 year low of $4.72 and a 1 year high of $11.95.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $562.25 million during 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%.Enviri's quarterly 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $10.00.

Enviri Profile

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.