GSA Capital Partners LLP Raises Holdings in Enviri Corporation (NYSE:NVRI)

Key Points

• GSA Capital Partners LLP increased its investment in Enviri Corporation (NYSE: NVRI) by 56.4%, holding 98,906 shares valued at $658,000 at the end of the last quarter.
• Other institutional investors, like GAMMA Investing LLC and Invesco Ltd., have also made significant adjustments to their holdings, with GAMMA increasing its position by 1,216.8% this quarter.
• Enviri's recent earnings report showed an EPS of ($0.18), beating estimates by $0.03, but the company’s revenue declined 8.7% year-over-year.

GSA Capital Partners LLP increased its holdings in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 56.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,906 shares of the company's stock after acquiring an additional 35,681 shares during the quarter. GSA Capital Partners LLP owned about 0.12% of Enviri worth $658,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Enviri during the fourth quarter valued at approximately $943,000. American Century Companies Inc. boosted its holdings in shares of Enviri by 43.2% in the 4th quarter. American Century Companies Inc. now owns 29,391 shares of the company's stock worth $226,000 after purchasing an additional 8,865 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Enviri during the 4th quarter valued at about $102,000. JPMorgan Chase & Co. raised its position in Enviri by 33.8% during the 4th quarter. JPMorgan Chase & Co. now owns 657,775 shares of the company's stock valued at $5,065,000 after purchasing an additional 166,125 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Enviri in the 4th quarter worth approximately $2,474,000. Institutional investors own 93.43% of the company's stock.

Analysts Set New Price Targets

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

Enviri Stock Performance

NVRI traded up $0.42 during trading on Thursday, hitting $8.69. The stock had a trading volume of 423,955 shares, compared to its average volume of 806,249. The firm has a market cap of $697.35 million, a price-to-earnings ratio of -4.42 and a beta of 1.77. Enviri Corporation has a one year low of $4.72 and a one year 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 0.94. The company has a 50 day moving average price of $8.75 and a 200-day moving average price of $7.78.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly 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 company had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The company's quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. As a group, research analysts predict that Enviri Corporation will post -0.13 EPS 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.