Enviri Corporation $NVRI Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC significantly reduced its stake in Enviri Corporation by 98.2%, now holding just 16,544 shares, valued at $108,000 after selling 886,507 shares in the first quarter.
• Several institutional investors made notable changes in their positions, with Brooklyn Investment Group increasing its stake by 11,332.3% and acquiring additional shares while hedge funds collectively hold 93.43% of the company's stock.
• Enviri experienced a loss of $0.22 EPS for the last quarter, missing estimates, and its stock has been downgraded by analysts from a "hold" to a "sell" rating.

Hsbc Holdings PLC cut its stake in Enviri Corporation (NYSE:NVRI - Free Report) by 98.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,544 shares of the company's stock after selling 886,507 shares during the period. Hsbc Holdings PLC's holdings in Enviri were worth $108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group increased its stake in shares of Enviri by 11,332.3% during the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after purchasing an additional 7,366 shares in the last quarter. Entropy Technologies LP purchased a new stake in Enviri in the first quarter worth approximately $70,000. Teacher Retirement System of Texas purchased a new position in shares of Enviri during the 1st quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock worth $86,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Enviri during the 1st quarter worth $78,000. 93.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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, Based on data from MarketBeat, Enviri presently has an average rating of "Hold" and an average price target of $10.00.

Enviri Stock Up 3.1%

Shares of NYSE:NVRI traded up $0.37 during trading hours on Thursday, hitting $12.26. The company's stock had a trading volume of 1,299,636 shares, compared to its average volume of 1,298,305. 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 company has a market capitalization of $988.77 million, a price-to-earnings ratio of -6.26 and a beta of 1.89. The firm's fifty day moving average price is $9.91 and its 200 day moving average price is $8.08. Enviri Corporation has a 52 week low of $4.72 and a 52 week high of $12.32.

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

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.