GAMMA Investing LLC Has $536,000 Stake in Enviri Corporation (NYSE:NVRI)

GAMMA Investing LLC increased its stake in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 8,656.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,651 shares of the company's stock after buying an additional 79,730 shares during the quarter. GAMMA Investing LLC owned about 0.10% of Enviri worth $536,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Graham Capital Management L.P. grew its position in Enviri by 8.7% during the fourth quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after buying an additional 1,443 shares in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock worth $86,000 after buying an additional 1,631 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Enviri by 2.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock worth $606,000 after buying an additional 1,751 shares in the last quarter. Finally, Corton Capital Inc. grew its position in Enviri by 50.9% during the fourth quarter. Corton Capital Inc. now owns 16,001 shares of the company's stock worth $123,000 after buying an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Enviri from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th.

Enviri Price Performance

Shares of NVRI stock traded down $0.08 during trading hours on Friday, reaching $8.34. The company's stock had a trading volume of 1,832,735 shares, compared to its average volume of 736,234. The firm's 50 day simple moving average is $7.45 and its 200-day simple moving average is $7.54. The company has a market capitalization of $668.55 million, a price-to-earnings ratio of -5.41 and a beta of 1.81. Enviri Corporation has a fifty-two week low of $4.72 and a fifty-two week high of $12.79. The company has a quick ratio of 0.94, a current ratio of 1.28 and a debt-to-equity ratio of 3.21.

Enviri (NYSE:NVRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. The firm had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative return on equity of 3.43% and a negative net margin of 5.39%. The company's revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. Sell-side analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current year.

Enviri Company 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.