Enviri Corporation (NYSE:NVRI) Shares Bought by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC increased its stake in Enviri Corporation (NYSE:NVRI) by 21.2%, now owning approximately 7.18% of the company, valued at $38.3 million.
• Enviri recently reported negative earnings, with an EPS of ($0.22) missing analyst estimates and a revenue decline of 7.9% year-over-year.
• Major institutional investors, including D.E. Shaw and HSBC, also significantly increased their holdings in Enviri during the fourth quarter, indicating strong institutional interest with 93.43% of the stock now owned by such investors.

Neuberger Berman Group LLC increased its holdings in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 21.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,755,670 shares of the company's stock after buying an additional 1,008,706 shares during the quarter. Neuberger Berman Group LLC owned about 7.18% of Enviri worth $38,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NVRI. Entropy Technologies LP acquired a new stake in shares of Enviri in the first quarter valued at about $70,000. Teacher Retirement System of Texas acquired a new stake in shares of Enviri in the first quarter valued at about $74,000. Dark Forest Capital Management LP acquired a new stake in Enviri during the 4th quarter valued at approximately $78,000. GAMMA Investing LLC grew its stake in Enviri by 1,216.8% during the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock valued at $81,000 after purchasing an additional 11,207 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Enviri during the 4th quarter valued at approximately $86,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Enviri from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

Enviri Stock Performance

Shares of NYSE NVRI traded down $0.31 during mid-day trading on Friday, hitting $9.77. The company had a trading volume of 1,194,211 shares, compared to its average volume of 766,806. The stock has a market cap of $787.95 million, a price-to-earnings ratio of -4.98 and a beta of 1.77. Enviri Corporation has a 12 month low of $4.72 and a 12 month high of $11.95. 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 firm's 50 day simple moving average is $8.90 and its two-hundred day simple moving average is $7.77.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The business had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The firm's revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. As a group, equities research analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current year.

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.